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TurboSonic Technologies Reports
First Quarter Operating Results

November 17, 2003

TURBOSONIC TECHNOLOGIES, INC. (OTC Bulletin Board – TSTA), a leading provider of air pollution control technology, today announced the following unaudited operating results for the first three months of the fiscal year ending June 30, 2004:

  Three Months Ended
  09/30/03 09/30/02
  _______US Dollars_______
Total Revenues
$ 1,146,620
$ 2,229,183
Net (Loss) Income
(189,496)
31,984
Net (Loss) Income Per Share

(0.02)

0.00

Weighted Average Number
of Shares Outstanding
10,507,250 10,507,250

Commenting on the Company’s results, Edward Spink, TurboSonic’s Chairman and CEO, said that, "the Company’s recent addition of new sales people and related marketing expenses has increased our selling, general and administrative costs, while at the same time revenues were negatively impacted by delayed timing of new orders resulting from environmental regulatory changes. We believe that the expansion of our sales capabilities to respond to an increased number of requests for proposals should result in the receipt of new orders, and the resulting revenues, in the near future."


TurboSonic Technologies designs and markets proprietary air pollution control technologies to industrial customers worldwide.   Its products are designed to meet and exceed the strictest emissions regulations, improve performance, reduce operating costs and recover valuable by-products.   Industries served include Pulp & Paper, Metals & Mining, Cement, Waste Incineration, Power Generation, Wood Products and Petrochemicals.

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward looking statement. Factors that impact such forward-looking statements include, among others, changes in worldwide general economic conditions, changes in interest rates, government regulations, and worldwide competition.

For further information, contact:

Patrick Forde, President
TurboSonic Technologies, Inc.
550 Parkside Drive, Suite A-14, Waterloo, Ontario, Canada N2L 5V4
Phone: (519) 885-5513, Fax: (519) 885-6992
E-mail: info@turbosonic.com
 
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