================================================================================

TURBODYNE PROVIDES UPDATE ON REPORTING STATUS

SANTA BARBARA, CA - Turbodyne Technologies, Inc. (TRBD.OB) today announced that
current management expects it's financial reporting to be completed and
up-to-date within thirty days.

In September, 2005 new management took control of Turbodyne's operations
according to Albert F. Case, Turbodyne's Chief Executive Officer and President.
Our first objective was to get current in our reporting, and re-negotiate
certain liabilities." According to Case, the last six months have been dedicated
to completing financial audits for 2004 and 2005 and bringing the company's SEC
reporting current. Debi Kokinos, chief financial officer, states, "Our hands
have been tied in the capital markets from the lack of reporting. Once we are
current, we believe we will be able to fund our new development efforts."

In addition to attending to the company's finances, Turbodyne has focused on
completing development of its products. Arnold Kwong, Director, Manufacturing
and Engineering, said, "While management has been focused on reviving the
financial health of the company, we have continued forward with our engineering
program. There have been some dramatic improvements in electric motor
technology, power supplies and mechanical design in the last 3 years, all of
which fall within the scope of our patents." According to Kwong, the advances in
related technology will enable Turbodyne to produce a more reliable and powerful
product at a lower cost.

According to Mr. Kwong, "We are in preliminary engineering for a family of
TurboPac models that take in advances in global manufacturing skills and
technologies."

According to Case, "Our new investors have been very supportive of the new
design efforts. Once our reporting is current, we anticipate sufficient funding
to re-launch the TurboPac 800 re-design effort for engines over 3.0 liters,
giving us fuel-saving and pollution reduction capabilities for diesel vehicles.
The TurboPac 800 is particularly well-suited to stop-and-go diesel vehicles such
as delivery trucks and busses.

About Turbodyne Technologies, Inc.

Turbodyne Technologies, Inc. (TRBD.OB) is a California-based engineering and
design firm that specializes in electrically powered supercharging systems for
gas and diesel internal combustion engines. Their patented TurboPac design
reduces diesel pollution, eliminates turbo-lag in gas and diesel engines, and,
increases fuel economy through both engine downsizing for gas and diesel
applications as well as low-rpm fuel burn optimization for diesel trucks and
busses.


CONTACT: Turbodyne Technologies, Inc.
Albert F. Case 805-201-3133
acase@turbodyne.com