TurboSonic Technologies, Inc.
OTC Bulletin Board : TSTA

TurboSonic Technologies, Inc.

November 14, 2006 17:23 ET

TurboSonic Inc. Reports First Quarter Operating Results

WATERLOO, ONTARIO--(CCNMatthews - Nov. 14, 2006) - TURBOSONIC TECHNOLOGIES, INC. (OTCBB:TSTA), a leading provider of air pollution control technologies, today announced the following unaudited operating results for the first three months of its fiscal year ending June 30, 2007:

Three Months Ended
09/30/06 09/30/05
U.S. Dollars

Total Revenues $ 3,137,730 $ 3,493,203

Net Income $ (188,171) $ 152,633

Net Income per Share $ (0.01) $ 0.01

Weighted Average Number of Shares Outstanding 14,575,498 13,179,715

Commenting on the Company's results, Edward Spink, TurboSonic's Chairman and CEO, said, "We previously reported that several major project deliveries had been delayed by our customers. While we are disappointed with the first quarter's loss, we are pleased to report that these orders are now in production, and we are looking forward to a period of major revenue recognition for the remainder of fiscal 2007. We are optimistic for our future given the current emphasis on climate change, the environment and health effects of airborne pollutants, which we believe will increase the demand for our products."

TurboSonic Technologies (www.turbosonic.com) designs and markets 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.

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.

Contact Information