November 1, 2000
TURBODYNE ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS AND MANAGEMENT
Carpinteria, California—November 1, 2000 —Turbodyne Technologies, Inc. (EASDAQ: TRBD) announces the resignations
of two members of the Board of Directors and the moves of two members of management.
Turbodyne Technologies, Inc. announces the resignations of Director Peter Kitzinski and Director Robert F. Taylor. The Board
of Directors elected Gerhard Delf to a Board membership, and re-elected him as Chief Executive Officer and President of
Turbodyne Technologies, Inc. Dr.-Ing. Friedrich Goes resigned as Chief Executive Officer and President of Turbodyne
Technologies, Inc., and was elected President of Turbodyne Europe.
Two Directors Resign
Robert F. Taylor has been a Director of Turbodyne Technologies, Inc. since 1996. He served as Chief Operating Officer from
January 1997 to June 1997. Mr. Taylor cited the September 30, 2000 Board and management elections as setting the stage for the
future of the Company, and he believes it is time for him to retire.
Mr. Peter Kitzinski has been a Director of Turbodyne Technologies, Inc. since May 1999. He served as Vice President Corporate
Finance Europe of Turbodyne Technologies, Inc. and as General Manager of Turbodyne Europe GmbH from 1997 until July
Mr. Kitzinski resigned his Directorship in order to devote full time to a new position in the investment banking industry.
Resignation and Election of President and Chief Executive Officer
Dr. Friedrich Goes resigned as Chief Executive Officer and President of Turbodyne Technologies, Inc. He was elected to that
position on September 30, 2000. Dr. Goes resigned citing his inability to fulfill his duties as CEO and President while continuing
to live in Germany. Dr. Goes was subsequently elected to the position of President of Turbodyne Europe.
Mr. Gerhard Delf was elected to the Board of Directors on October 26, 2000. Subsequent to his election a