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. DIRECTOR, MR. JACK PERKOWSKI, PRESENTLY IN CHINA, SHARES HIS EXPERT KNOWLEDGE AND PERSPECTIVE ON THE CHINA ECONOMY IN CCTV-AMERICA INTERVIEW DURING EXTREME STOCK MARKET VOLATILITY LAST WEEK
Wall Township, NJ – (Marketwired – August 28, 2015) Coates International, Ltd. (OTC:PINK: COTE) (the “Company”) was contacted this week by a number of stockholders inquiring as to whether the economic turmoil in the stock markets this week primarily attributed to the Chinese economy would affect the Company’s plans for conducting business in China.
The Company encourages its interested stockholders to watch the video of this interview in which Mr. Perkowski, a member of the board and the Managing Partner of JFP Holdings, Ltd., a company that advises other companies on how to successfully conduct business in China. Mr. Perkowski helps his audience understand that there is not a direct correlation between the turmoil in China’s stock market and the Chinese economy. He also points out that the five recent interest rate cuts in China are beginning to take hold and will likely help the Chinese economy. He also expects the Chinese stock markets to stabilize. The Company has posted a link to the video on the homepage of its website at www.coatesengine.com.
Topics covered in the interview included:
1. The stock market doesn't always reflect the real economy. 2. China wants to shift household savings into the stock market where funds can be used to grow businesses. 3. Individuals account for a large share of stock market trading in China. 4. Interest rate cuts announced on August 25 will help China's stock market, as well as the real economy. 5. Excessive margin lending has increased stock market volatility, particularly on the downside.
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.