TurboSonic Technologies, Inc.
OTC Bulletin Board : TSTA

TurboSonic Technologies, Inc.

September 06, 2005 14:14 ET

TurboSonic Inc. Signs Investment Banking Agreement

WATERLOO, ONTARIO--(CCNMatthews - Sept. 6, 2005) - TURBOSONIC TECHNOLOGIES, INC. (OTCBB:TSTA), a leading provider of air pollution control products, announced today that they have retained Capstone Investments as their investment-banking advisor.

"The decision to retain Capstone Investments was the logical culmination of the relationship we have been building with them over the past 3 years, resulting in significant holdings by a number of institutional investors," commented Edward Spink, TurboSonic Chairman and CEO. "We anticipate that Capstone Investments will broaden our exposure to institutions and other interested parties and that their advice, with regards to possible future mergers, acquisitions, and equity lines, will bring further growth to our company."

Capstone Investments has provided a wide range of institutional services, including investment banking, research, deal origination, and capital introduction services since 1994. Capstone's Investment Banking Group identifies, structures and executes diverse and innovative market transactions for both private and public companies. Capstone places importance on combining sector and product specialization with strong client relationships to ensure that clients receive competitive quality solutions and advice. Capstone Investments is a member of the National Association of Securities Dealers (NASD), the Securities Investor Protection Corporation (SIPC) and the Municipal Securities Rulemaking Board (MSRB).

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.

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