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TST Withdraws Application for Prejudgment Writ of Attachment Against Turbodyne

27 October 2000

TST Withdraws Its Application for a Prejudgment Writ of Attachment Against Turbodyne

    CARPINTERIA, Calif.--Oct. 27, 2000--Turbodyne Technologies, Inc. (EASDAQ: TRBD) announces the following:
    TST served a Notice of Withdrawal of Application for Right to Attach Order and Writ of Attachment and Temporary Protective Order re Turbodyne Technologies, Inc. on the Company on October 19, 2000. The withdrawal of the application is applicable to Defendant Turbodyne Technologies, Inc. only and is without prejudice. However, TST's lawsuit against the Company and other defendants is still pending.
    TST's original claim was made against Pacific Baja Light Metals in its bankruptcy proceedings. Subsequently, TST, Inc. filed suit against Turbodyne Technologies and other defendants on March 13, 2000 for approximately $1.8 million plus interest, costs and attorney's fees for materials sold to Pacific Baja and guaranteed by Turbodyne.
    On August 23, 2000, the Company was served with a motion for prejudgment writ of attachment. Prior to TST's withdrawal of the motion, it was scheduled to be heard on September 19, 2000, and was subsequently rescheduled for October 23, 2000, in the Superior Court of the County of San Bernardino.