MCGOWAN
GUNTERMANN
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A PROFESSIONAL CORPORATION
CERTIFIED PUBLIC ACCOUNTANTS AND CONSULTANTS
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509 E. Montecito Street, Santa Barbara, Ca 93103, (805) 962-9175, Fax: (805)
962-8925, www.mcgowan.com
INDEPENDENT AUDITOR'S CONSENT
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Board of Directors and Shareholders
Turbodyne Technologies, Inc. and Subsidiaries
Carpinteria, California
We consent to the incorporation by reference in the Registration Statement on
Form S-8 pertaining to the registration of 7,500,000 shares eligible for
issuance pursuant to the 2002 Stock Incentive Plan of Turbodyne Technologies
Inc. and subsidiaries, of our report dated April 6, 2001 relating to the
consolidated balance sheets of Turbodyne Technologies Inc. and subsidiaries as
of December 31, 2000 and 1999, and the related consolidated statements of
operations, shareholders' equity, and cash flows for the years then ended, which
report appears in the December 31, 2000 annual report on Form 10-K of Turbodyne
Technologies Inc. and subsidiaries.
Our report, dated April 6, 2001, contains an explanatory paragraph that states
that the Company has suffered net losses in each of the last five years, is
subject to numerous lawsuits, including those brought against it by
shareholders, and based on projected cash flows for the ensuing year the Company
will require additional equity or debt financing in order to continue its
present operations. These matters raise substantial doubt about the Company's
ability to continue as a going concern. The consolidated financial statements
do not include any adjustments that might result from the outcome of these
uncertainties.
/s/ MCGOWAN GUNTERMANN
MCGOWAN GUNTERMANN
Santa Barbara, California
December 13, 2002