October 5, 2000
TURBODYNE APPOINTS NEW DIRECTORS AND A NEW CHIEF EXECUTIVE OFFICER
Carpinteria, California—October 5, 2000 —Turbodyne Technologies, Inc. (EASDAQ: TRBD) announces the following
The Board of Directors of Turbodyne Technologies, Inc., is pleased to announce the appointment of two new directors,
Mr. Naresh Chander Saxena, M.D., and Mr. Erwin Kramer, on September 30, 2000. The Board also accepted the resignation of
Mr. Gerhard Delf, Chief Executive Officer of Turbodyne Technologies, Inc., and appointed Dr.-Ing. Friedrich Goes to the
position of Chief Executive Officer and President of Turbodyne Technologies, Inc.
New Directors Appointed
The Board of Directors voted to increase the number of seats on the Board to nine, and thereafter filled the two vacancies.
Mr. Naresh Chander Saxena, M.D., holds medical degrees from Government College in Armitsar, India. He serves as a director of
1st Commerce Bank, Global Vision, RDL, Pacifica Optima Partners, and formerly, Valley Presbyterian Hospital. Dr. Saxena is
currently a shareholder of Turbodyne Technologies, Inc., and was one of the principals who sold Pacific Baja to Turbodyne
Technologies, Inc. Dr. Saxena is the holder of several awards for his medical expertise and is the author of several medical
Mr. Erwin Kramer, who was also appointed to the Board, studied electro-technology, marketing and management at the
University of Blelefeld and is an independent advisor and consultant regarding the financial markets to both companies and
individuals. Mr. Kramer is also a shareholder of Turbodyne Technologies, Inc.
New Chief Executive Officer Appointed
In other business, the Board accepted the resignation of Mr. Gerhard E. Delf. Mr. Delf’s resignation as Chief Executive Officer
and President of Turbodyne Technologies, Inc., frees him to concentrate on his other positions with the Company, that of
Executive Vice President, Dynacharger