Turbodyne Technologies Reports Nasdaq to Delist their Securities

6 April 1999

Turbodyne Technologies Reports Nasdaq Listing Qualifications Panel Has Determined to Delist the Company's Securities

    WOODLAND HILLS, Calif.--April 5, 1999--Turbodyne Technologies Inc. (EASDAQ:TRBD) Monday reported that the Nasdaq Listing Qualifications Panel has determined to delist the company's securities from The Nasdaq Stock Market effective with the close of business on April 1, 1999.
    The company has requested that the Nasdaq Listing and Hearing Review Council review the decision of the Qualifications Panel in an effort to reinstate the company's securities for trading on The Nasdaq Stock Market. At this time, the company is not aware of the timing of the review process.
    As an accommodation to its stockholders, the company is taking all steps necessary in an effort to list its securities on the OTC Bulletin Board. The company's securities are currently trading on the Easdaq Market and stockholders within and outside of the United States may effect trades in the company's securities in this market.
    The Easdaq Web site (www.easdaq.be) contains information relating to brokers and market makers in the company's securities.
    Turbodyne Systems, the Engine and Pollution Technology Division of Turbodyne, designs, develops, manufactures and markets patented pollution-reduction, fuel economy and performance enhancing products for internal combustion engines in the automotive, transportation, construction, marine, agriculture, mining, military and power generation industries.
    Turbodyne's Light Metals Division is a manufacturer of machined aluminum castings and a leading supplier to the automotive industry.
    Offices and plants are located in Carpinteria, La Mirada, Encinitas and Woodland Hills, Calif.; New York; Ensenada and Mexico City, Mexico; Vancouver, British Columbia; Paris; and Frankfurt, Germany.
    Turbodyne's World Wide Web address is: www.turbodyne.com.