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. AND COATES POWER LTD. CHINA ARE WORKING ON A DAILY BASIS WITH THE CHINESE TO CONCLUDE A TRANSACTION FOR THE RAMP-UP OF PRODUCTION OPERATIONS IN CHINA – MANAGEMENT EXPECTS TO CONCLUDE THE TRANSACTION IN THE NEXT THREE WEEKS (UPDATE)
Wall Township, NJ – (Marketwired – August 26, 2016) Coates International, Ltd. (OTC PINK: COTE) (the “Company”) is pleased to announce that it is close to concluding the transaction in China in regards to the mass production of its CSRV industrial electrical power green engine generator sets.
Company President and CEO, Mr. George J. Coates, comments:“This is a tremendous deal for the Company, specifically for the manufacturing of our CSRV industrial natural gas generator sets.We will be able to fill existing orders now.This is a big step forward for our Company and will benefit all involved.”
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.