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For Immediate
Release
Waterloo,
Ontario, Canada
July 22, 2008
TurboSonic
Technologies, Inc. (OTC Bulletin Board –
TSTA), a global leader in the design and supply of industrial air
pollution
control technologies, today announced the establishment of a CAD$4.25
million
credit facility with a major Canadian chartered bank, which will
support new
business in foreign markets.
Edward Spink, TurboSonic's CEO
commented, “Although we have operated for years without debt,
we have arranged this credit facility in anticipation of growth in
foreign markets. It will strengthen our ability to negotiate
international letters of credit and develop business opportunities
abroad.
Our presence in
international markets provides us with exciting growth opportunities
created by the increasing demand for reduction of industrial air
pollutants by the worldwide environmental movement. Our activities in
Europe are contributing to our growth and this credit facility will
enable us to build on this success.”
TurboSonic
Technologies (www.turbosonic.com) designs
and markets air pollution control technologies to industrial customers
worldwide. Its
products help companies
in the Cement and Mineral Processing, Ethanol, Metals & Mining,
Petrochemicals, Power Generation, Pulp & Paper, Waste
Incineration, and
Wood Products industries comfortably meet the strictest emissions
regulations,
improve performance and reduce operating costs.
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 the Securities and
Exchange
Commission.
TurboSonic
Technologies, Inc. (OTC Bulletin Board: TSTA - News)
Contact:
TurboSonic
Technologies, Inc.
Ed Spink, CEO
550 Parkside Drive, Waterloo, Ontario, Canada N2L 5V4
Tel: (519) 885-5513
Toll-free:
1-800-269-0298
Fax: (519) 885-6992
info@turbosonic.com
www.turbosonic.com
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