STOCKHOLDER’S UPDATE Coates Power, Inc. Ltd. is
now established in China for the manufacturing of the Coates CSRV® Engines and Industrial Generators.
WALL TOWNSHIP, N.J. – Marketwire – Coates
International, Ltd. (“the Company”) (OTCQB: COTE) – Coates International, Ltd.
(the “Company”) is pleased to announce that
the manufacturing company has been established in China.
Coates Power, Inc. Ltd. and two other Chinese companies
will be joining forces with Coates Power, Inc. Ltd. to mass produce the Coates
CSRV® products. Licenses should be
Company management is extremely satisfied with the progress
of this transaction in China. There will be one exclusive manufacturing license
issued for China and its territory and two distribution licenses issued for the
Eastern and Western hemisphere for all applications.
There can be no assurance that the Company will be
successful in consummating this license agreement.
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 athttp://www.sec.gov.