Turbodyne Announces Financial Relations Agreement
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Carpinteria,  California  -  November  13,  2001  - Turbodyne Technologies, Inc.
[TRBD]  announced  today  that  it  has  entered  into  a  comprehensive
financial-relations  agreement  with Lanzet Global Securities Corporation, a New
York-based  company.

Under  the  terms  of  the agreement, Lanzet Global will seek to raise up to $10
million  in  equity  capital  from institutional investors in the United States,
Europe and Asia. Lanzet will also assist Turbodyne in its efforts to arrange for
trading  of  the  company's  stock  on  the Bulletin Board and other markets and
exchanges,  will  prepare research reports on the company and will introduce the
company  to  institutional  and  other  potential  sources  of  financing.

Turbodyne cautioned that there is no assurance the agreement will produce equity
investments  or  other  forms  of financing for the company. It said capital was
being sought to finance research and development as well as intensive efforts to
commercialize  both  existing  and newly acquired product lines in which it will
now  be  free  to  engage  as  a  result of termination of its joint-development
agreement  with  Honeywell.

Turbodyne recently commenced an antitrust action against Honeywell charging that
the  latter  used  the  joint-development  agreement  to  suppress the Turbodyne
technology. Turbodyne's existing TurbopacTM and DynachargerTM technology and its
newly  acquired TurboAirTM and TurboRamTM regulate and supplement the air supply
in  internal  combustion  engines, both gasoline and diesel powered, in order to
increase  power  and  eliminate  pollution.

The  agreement  with  Lanzet  Global  was negotiated by Peter Kitzinski, General
Manager  of  Turbodyne  Europe  GmbH,  and  Stanley  Lanzet.


Turbodyne  Technologies'  headquarters is located in Carpinteria, California and
its European  office  is  in  Frankfurt,  Germany.


This  release  contains  forward-looking statements as defined in Section 21E of
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the  Securities Exchange Act of 1934, including statements about future business
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operations,  financial  performance  and market conditions. Such forward-looking
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statements  involve  risks  and  uncertainties  inherent  in business forecasts.
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Contact:
Laura  Ricci  -  (805)  684-4551