USA: Turbodyne Announces Suspension of Trading on Easdaq
Turbodyne Technologies Inc. (EASDAQ:TRBD) today announced that effective Aug. 2, 2000, Easdaq has suspended trading of Turbodyne shares pending a further review by Easdaq of the facts underlying Turbodyne's press release of Aug. 1, 2000. That release reported on the company's working capital position and the company's investigation into prior management's issuance in 1999 of approximately 8.7 million shares of common stock. Turbodyne is in contact with Easdaq regarding this review and will provide further information concerning the status of trading on Easdaq as this information becomes available to the company.
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