July
6, 2005
TURBOSONIC
TECHNOLOGIES, INC. (OTC
Bulletin Board – TSTA), a leading provider of air pollution
control products, today announced it has declared a 5-for-4 stock split
of its shares of common stock. Each shareholder, as of the
record date, will receive one (1) share for each four (4) shares of
TurboSonic Common Stock held. The record date will be July 15, 2005 and
the payment date will be July 22, 2005.
Commenting on the stock split, Edward Spink, TurboSonic Chairman and
CEO, said, “We are rewarding our shareholders with these
additional shares. Combined with our efforts in Sales and Marketing
that have led to our record backlog at the start of our new fiscal year
on July 1st, this is one of a number of steps that TurboSonic has taken
to increase shareholder value and address share liquidity.”
TurboSonic Technologies (www.turbosonic.com) designs and markets air
pollution control products 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.
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 general
economic conditions, interest rates, government regulations, and
competition. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statement, see the annual report on
Form 10-KSB and other documents the Company files from time to time
with Securities and Exchange Commission.
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
www.turbosonic.com
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