Mr. Jack Perkowski, a Director of Coates International, Ltd., provides insight into the economy and stock market in China.
THE $100,000,000.00 USD LICENSE AND MANUFACTURING DEAL WITH RENOWN POWER INC. HONG KONG AND COATES POWER INC., LTD. IS ON. COATES INTERNATIONAL, LTD. EXECUTIVES RETURNED FROM THEIR HIGHLY SUCCESSFUL THREE WEEK VISIT TO CHINA.
COATES INTERNATIONAL, LTD. HAS RECEIVED SO MANY INQUIRIES ABOUT INDEPENDENT TESTS THAT WERE CARRIED OUT ON THE COATES CSRV PRODUCTS THAT THE COMPANY HAS DECIDED TO POST THESE TESTS ON THE COMPANY WEBSITE: WWW.COATESENGINE.COM
Wall Township, NJ – (Marketwired – February 11, 2016) For Immediate Release: Coates International, Ltd. (OTC PINK: COTE) (the “Company”) has decided to post on its website, www.coatesengine.com, independent test results on a number of its CSRV products. Company President and CEO comments: “In 1993/1994 when President Clinton was running for his second term, I viewed him on TV where he announced that he was giving $300,000,000 to Detroit to try and lower vehicle emissions. I posted a package to him at The White House showing the emission results that we just received on our CSRV retrofit in a 380SE Mercedes Saloon Car. I thought that I was doing a great thing showing the lowest emission tests ever recorded. Two weeks later a SWAT team arrived in our car park at the Coates Headquarters. They accused me of fraud and said that the results were impossible. They took me in front of a Federal Judge in New York who asked were these tests correct and I said yes. The Judge ordered that they take the 380SE Mercedes to the test laboratory and give it a full test program. This was carried out. The vehicle was put on chassis dynamotor and fully tested. The results were all the very same. The lowest emissions. The case was dismissed immediately. However, the SEC, post office and the inland review service kept the Company stalled for a number of months until Mr. Clinton was reinstated for his second term.”
“This, to me, was very strange. The SEC Judge was disgraced Judge Kimble Wood, a Clinton appointee, who held the Company in limbo for approximately eight months. The New York Times made a big deal of it but they never mentioned that the case was dismissed. I received a letter from the SEC that said welcome to the SEC. I am still wondering about this episode.”
There can be no assurance that the Company will be successful in any of its endeavors. Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.