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Exhibit 99.2

          TURBODYNE ANNOUNCES VOLUNTARY DE-LISTING OF

           STOCK FROM NASDAQ EUROPE (FORMERLY EASDAQ)

Carpinteria, California - April 17, 2001 - Turbodyne Technologies,
Inc. (NASDAQ EUROPE: TRBD) announced today that on April 9, 2001 it
requested voluntary de-listing of its shares from trading on NASDAQ
Europe (formerly EASDAQ). On April 10, 2001, at a meeting of the
Market Authority of NASDAQ Europe, the voluntary de-listing was
accepted. Disciplinary proceedings against the Company are to be
withdrawn. Turbodyne will pay secretarial support costs of EURO 4,000.

Turbodyne continues to trade in the United States on the O.T.C. "Pink
Sheets" market, under the symbol TRBD. To keep investors informed, the
Company will issue press releases through the Business Wire, Dow,
Jones and on our web site, www.turbodyne.com. Securities and Exchange
Commission filings will be made quarterly (Form 10-Q) and annually
(Form 10-K). The Company will distribute to shareholders Annual
Reports and Proxy material so that the shareholders will be informed
of company activities and can vote on corporate issues.

"Because of our current capitalization situation," said Mr. Kenneth
Fitzpatrick, Company's President and CEO, "which did not meet NASDAQ
Europe continuing listing requirements, it seemed prudent to seek
voluntary de-listing of our shares. When our situation improves, the
Company's Board of Directors will consider filing for a re-listing."

Turbodyne Technologies, Inc., a California based high technology
company, specializes in the development of charging technology for
internal combustion engines and the development and manufacturing of
high-tech assemblies for electrically assisted turbochargers and
superchargers. Turbodyne Technologies' headquarters is located in
Carpinteria, California, and its European office is located in
Frankfurt, Germany.

Contacts:

Kenneth Fitzpatrick - President and CEO at California Headquarters:
(800) 566-1130



This release contains forward-looking statements as defined in Section
21 E of the Securities Exchange Act of 1934, including statements
about future business operations, financial performance and market
conditions.  Such forward-looking statements involve risks and
uncertainties inherent in business forecasts.

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