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Press Releases

Tuesday, May 15, 2012 7:00 AM EDT

Coates International Ltd. would like to provide its shareholders with the following update:

The Company is currently in discussions with four different states, and has requested a firm commitment from each, for the best package of business and tax incentives and any start-up funding that could be made available to the Company. The Company will also consider location and logistics in arriving at a decision on the best location to set up its production operations. The Company has requested a minimum of $150,000,000 start-up funding from three of these states and such states have indicated that any such start up funding would be raised through a state bond offering. At this point, the Company has not received a commitment for such start-up funding. Upon receiving any such commitment, the Company would endeavor to undertake an offering to raise new capital to match the funds from a state bond offering. There can be no assurance that the Company will receive a commitment for such state funding, that the state bond offering will be successful or that the Company could be successful in raising matching funds.
The Company's Canadian sub-licensee owes $4,847,000 USD to us for the Canada sub-license fees and R&D agreement, plus an additional $1,000,000 deposit on the US sub-license agreement for a total of $5,847,000 currently due. In addition, the US sub-license agreement requires a sub-license fee to be paid to the Company in the amount of $49,000,000. These amounts due to the Company will start to be paid to the Company once the Company starts up production and begins fulfilling orders for its CSRV natural gas electric power engine generators.
The Company has a registration statement that is currently effective covering a $20,000,000 equity line of credit with Dutchess Opportunity Fund II, LP. There remains approximately $19,500,000 under this line.
A $30,000,000 irrevocable, non-recourse, unconditional letter of credit was received by the Company which is in force until March 28, 2015. The Company is attempting to identify a lender that will establish a line of credit collateralized by this letter of credit. There can be no assurance that the Company will be successful in obtaining such a secured line of credit.
A subsidiary company has been established for the purpose of conducting all manufacturing operations once the Company decides on the optimal location for the production plant.
The Company will be announcing dates for an open house it is planning to host for its stockholders and visitors at its New Jersey plant. Advance reservations will be required.

Green Technology

The Company believes that ramping up production will create a number of new quality jobs in the United States. Management believes our advanced CSRV technology provides competitive advantages by lowering the consumption of fossil fuels, operating on a wide range of alternative fuels and lowering harmful emissions.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Wednesday, March 28, 2012 1:02 PM EDT

Coates International Ltd. would like to provide its shareholders with the following update:

The Company intends to continue to draw upon its equity line of credit with Dutchess Opportunity Fund II, LP to infuse new working capital. In the last two months, the Company has drawn down $250,000 of the total line amount of $20 million. The Company may draw from this line as much as $500,000 during each five day stock trading period, however, in order to avoid undue pressure on the stock price, the Company is carefully managing the pace at which it draws down from this equity line of credit.
The Company continues to test its electric power CSRV generators to ensure that it has resolved a previously reported problem with cracks in the lower engine heads. Based on this continued testing, management believes that the CSRV technology design engines and generators are ready for full production, which can commence upon raising sufficient additional working capital.
The Company is working with a number of potential sources to secure such additional working capital, however, there can be no assurance that it can obtain access to such additional working capital to enter into production. This working capital is needed to procure inventory and components and to cover payrolls for factory workers.
The Company is in initial discussions with three potential new customers that have expressed interest in purchasing and/or licensing CSRV technology products. Arrangement are currently being made to demonstrate the technology at the Company's facilities. There can be no assurance that these discussions will result in definitive agreements with these prospective customers in the near term, or at all.

Coates CSRV Natural Gas Engines pursuant to an OEM manufacturing, use and sale license for the Coates CSRV technology.
Sourcing heavy-duty diesel engines for highway use from Coates
Sourcing fire pump engines
Sourcing gasoline automotive engines.

A key objective for the Company is to distribute its products in the U.S. where the technology was developed. The Company believes its CSRV engine products provide a number of benefits to be realized in the U.S., including reduction of the consumption of fossil fuels and a reduction of the production of harmful emissions. At this time no definitive agreement has been entered into with this company and it is possible that we will not enter into a definitive agreement with this company.

Management believes that entering into definitive supply contracts or licenses with third parties such as these will improve the likelihood that we can raise sufficient working capital to enter into large scale production, the next phase of the Company's business plan.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Friday, February 24, 2012 10:28 am EST

Coates International, Ltd. (the "Company") is pleased to announce that the Company has signed a confidentiality agreement with an American auto manufacturer, that expresses interest in approximately 1,000 small, lightweight CSRV engines per year. These engines will utilize regular gasoline and produce high mileage per gallon and ultra low emissions.

Management is fully confident that the Company can deliver an engine that can fulfill all these requirements.

The Company is highly successful with gasoline engines that produced only ultra low emissions, significantly high mileage per gallon, and reduced maintenance.

The Company has successfully developed and built 1 CYL, 2 CYL, 4 CYL, 6 CYL, and 8 CYL gasoline engines.

Management is extremely pleased and excited about the Company's future prospects for this opportunity and other projects.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Thursday, February 9, 2012 4:50 pm EST

Coates International, Ltd. Announced Today That the Company is in Negotiations of a Strategic Alliance With a Private Funding Source. It Also Has 20,000,000 USD in Equity Funding With Dutchess Capital Financing and Has Started to Utilize These Funds This Week.

Coates International Ltd. (the "Company") is pleased to announce that the Company is in negotiations with a private financer to fund the ramp up of production of Coates CSRV products.

Management believes this funding is vitally important to the production and delivery of the products in quantities satisfactory to our customers. The Company simply cannot confirm these large orders until it has the capability of producing and delivering products in accordance with the size of the purchase orders and the dates of delivery.

Management comments: "Once we get production flowing, confirming orders will be a daily exercise."

About Coates International, Ltd.: Coates has been developing over a period of more than 15 years a patented spherical rotary valve CSRV Internal Combustion Engine invented by George J. Coates and his son Gregory.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Tuesday, November 15, 2011 1:27 pm EST

Coates International Ltd. (the "Company") is pleased to release this update to our stockholders.

The Company plans to begin utilizing the $20,000,000 USD equity line of credit with Dutchess Capital to access new working capital to be used for the production of CSRV Coates products._
The Company's non-binding letter of intent with a Chinese heavy equipment manufacturer ("SWT") is for a proposed acquisition where Coates International, Ltd. would acquire approximately 60% of SWT leaving the same management and staff in place to run the operation of business and manufacturing. Under this letter of intent, Coates International would pay to SWT $100,000,000 USD and grant a license to manufacture and sell the Coates CSRV Industrial Electric Power Natural Gas Engine generators. SWT's management has expressed its intent to visit Alberta, Canada again to observe the CSRV generators operating in the field. The Company is prepared to make the necessary arrangements at SWT's convenience. The Company would need to undertake a substantial capital raise in order to fund this acquisition.
The Company expects to ship another CSRV Industrial Electric Power Natural Gas Engine generator next week to Alberta, Canada .
The Power Plant project for the Dubai World Business Group has gone quiet since the troubles in that part of the world. However, we received a request from Dubai indicating that the Crown Prince of Saudi Arabia is requesting pricing of 100 CSRV Industrial Natural Gas Electric Power Coates CSRV generators.
The Company has signed a non-disclosure agreement with an Italian Power Generator Company interested in purchasing natural gas Coates CSRV engine generators to run on syngas. The Company is now in the process of planning to build these units in order to further the progress of this opportunity.
Management is still considering Oklahoma for its larger manufacturing operations. Funding for this project needs to be secured in order to proceed. This operation could create a substantial number of new quality jobs in that area.
Management is extremely pleased with the Company's progress. More information will be forthcoming soon.

About Coates International, Ltd.: Coates has been developing over a period of more than 15 years a patented spherical rotary valve CSRV Internal Combustion Engine invented by George J. Coates and his son Gregory.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.Coates International Ltd. (the "Company") is pleased to release this update to our stockholders.

Thursday, November 3, 2011 1:36 pm EDT

Coates International, Ltd. ("The Company") has shipped a CSRV Industrial 855 C.I. natural gas engine utilizing new ultra advanced high tech ceramic internal parts specifically designed to improve performance while running on flared off gas. This CSRV engine is unique for these applications in the oil and gas industry. Existing poppet valve engines lack the long term service life when utilizing sour flare off gas, a byproduct from the production of oil.

Management is extremely excited about the company's future prospects in Alberta, Canada and around the world in the oil and gas industry. Many companies and governments have expressed serious interest in the Coates CSRV products that are designed for use such as pumping, compressing, and electric power production utilizing flare off gas that would otherwise be wasted and released into our atmosphere.

About Coates International, Ltd.: Coates has been developing over a period of more than 15 years a patented spherical rotary valve CSRV Internal Combustion Engine invented by George J. Coates and his son Gregory.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Wednesday, October 12, 2011 11:55 am EDT

In the news release, Coates International, Ltd. Financing Agreement for $20,000,000 Registration Has Been Approved by the SEC, issued 12-Oct-2011 by Coates International, Ltd. over PR Newswire, we are advised by the company that the headline and first paragraph, should read "has been declared effective by the SEC" rather than " has been approved by the SEC " as originally issued inadvertently. The complete, corrected release follows:

Coates International, Ltd. Financing Agreement for $20,000,000 Registration Has Been Declared Effective by the SEC

Coates International, Ltd. ("The Company") is pleased to announce that the Financing Agreement with Dutchess Capital registration has been declared effective by the SEC.

Management comments: "We believe this much needed financing will enable the Company to produce more of our products for export."

For more detailed information on this equity line of credit, please refer to the Company's amended registration filed with the Securities and Exchange Commission on August 2, 2011.

About Coates International, Ltd.: Coates has been developing over a period of more than 15 years a patented spherical rotary valve CSRV Internal Combustion Engine invented by George J. Coates and his son Gregory.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Friday, September 30, 2011 10:05 am EDT

Coates International, Ltd. ("the Company") is concentrating most of its efforts on setting up a manufacturing plant in the U.S. to produce its revolutionary, green technology, internal combustion engine products here in the United States and to pursue a corporate mission to create numerous permanent skilled jobs where they are needed most. Coates must first raise sufficient new working capital in order to ramp up production of these products. The Company intends to distribute its products both domestically and through foreign export which would contribute to the U.S. economy by bringing foreign capital into the US.

These products which incorporate the Coates CSRV system technology can operate on natural gas which would lower the consumptions of fossil fuels such as oil and possibly reduce the demand in the U.S. for imported foreign oil.
Update on transaction in China - Based on the difficulty of working with the management of S.W.T., a heavy equipment manufacturer in China, with which the Company engaged in extensive negotiations over a period of more than a year, management has determined that the risk of proceeding to merge with S.W.T. is greater than anticipated. Accordingly, the Company will instead consider working out an alternate, simpler approach to enable it to have access to the manufacturing capabilities of S.W.T. while affording both companies the opportunity to benefit from CSRV system technology related manufacturing activities.
Update on Dubai Power Plant Project – As the Company continued to pursue the opportunity to construct the first power plant in Al Najaf, Iraq, significant additional details came to light which caused Coates' management to conclude that, at the current time, it is not feasible to ensure the security of the employees and contractors that would have been assigned to the construction project. Coates has placed the project on hold at this time and will revisit this opportunity in the future if it is determined that the region has become more stable and secure.

Management stated that the company's plans for the new production plant in the United States is to manufacture Industrial Electric Power Natural Gas generators, including Home gen sets, operating on propane and to retrofit trucks and busses to run on a combination of Natural gas and diesel.

About Coates International, Ltd.: Coates has been developing over a period of more than 15 years a patented spherical rotary valve CSRV Internal Combustion Engine invented by George J. Coates and his son Gregory.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Tuesday, September 27, 2011 10:56 am EDT

Coates Oklahoma Engine Manufacturing, Ltd., a subsidiary of Coates International, Ltd. The Company President, Mr. George J. Coates, stated today that he believes our new subsidiary manufacturing company could create large numbers of new permanent quality jobs in a very short time period if the company can get into full production of our products.

In addition to hiring new plant workers, the production process would engage other companies and suppliers to manufacture components and parts for the Company, which often results in additional new jobs to match the suppliers' increase in volume from our Company's orders. We believe the distribution of our hi-tech green products both domestically and throughout the world will lower the consumption of fossil fuels because the Company's internal combustion engines can run on "flare off" gas and other alternative fuel, this may help to reduce U.S. dependency on imported foreign oil as well.

Our initial customers will be in the oil and gas industry. The Company's licensed distributor believes that it has projected demand for more than 5,000 generator sets priced at approximately $125,000 USD each, which equates to $625,000,000 from this one distributor.

We believe we have the most advanced, patented internal combustion engine technology in the world and we intend to optimize this technology by manufacturing here in the USA where this technology was developed.

Company management is in discussions with officials in the State of Oklahoma to establish a production plant in that state. The Company has identified a suitable manufacturing facility in Oklahoma and has reached agreement on the purchase price with the seller. Closing of this transaction is contingent upon the Company raising sufficient working capital to commence production and on the extent of the package of business and tax incentives from the State of Oklahoma. Photos of the new plant are posted on the company's website www.coatesengine.com.

The Company is looking at all options as to where it is best to set up our production plant for distribution of our products world wide.

About Coates International, Ltd.: Coates has been developing over a period of more than 15 years a patented spherical rotary valve CSRV Internal Combustion Engine invented by George J. Coates and his son Gregory.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Thursday, September 8, 2011 7:00 am EDT

Coates International Ltd. (the "Company") is pleased to release this update to our stockholders. SWT, the Chinese heavy equipment and engine generator manufacturer, that Coates International, Ltd. signed a letter of intent with earlier this year is sending Mr. David Chang, their financial business consultant to visit us. He will be arriving on September 21 and staying until the 23rd regarding the merger.

The Dubai Deal is still in the process. However, the deposit of 10% of the $400,000,000 USD is $40,000,000. The country where the first power plant is to be built has offered 400,000 barrels of Crude oil as a 10% deposit. At this time the Company is trying to locate a buyer for the oil.

The Company has shipped some production Natural Gas Industrial Electric Power Gen Sets to Almont Energy in Alberta, Canada. They have requested us to change some components with our more expensive parts which are made of ceramic material. The Company has agreed to oblige them. However, some tolerances must be changed on these components. It will take approximately two weeks to complete.

The Company is planning the design and development of the first industrial V12 and V16 large Natural Gas 1 MW CSRV Engine Generator.

A new wholly-owned subsidiary of Coates International, Ltd. has been incorporated in Delaware. The name of the wholly-owned subsidiary is Coates Oklahoma Engine Manufacturing, Ltd.

More information on this new entity will be forthcoming.

We ask stockholders not to contact the company for information as it is against the SEC rules and regulations to divulge information to individuals.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Tuesday, September 6, 2011 10:57 am EDT
Coates International Ltd. (the "Company") is pleased to announce that it has shipped another Industrial Electric Power Natural Gas CSRV generator to Alberta, Canada. These power gen sets are all production units and are for utilization in field applications.

The Company has received all demo and prototypes that were supplied to Almont Energy and Well to Wire in the past.

Management comments: "Our staff is working diligently to produce more products and expect to ship more CSRV gen sets soon."

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Thursday, August 8, 2011 1:41 pm EDT

Coates International, Ltd. (the "Company") is pleased to report that on August 4, 2011 it shipped another Industrial Natural Gas Electric Power CSRV engine Gen Set to Alberta, Canada. These gen sets are field systems and will be deployed by Almont Energy, Inc.

Management comments, "The Coates team is working feverishly to manufacture more CSRV gen sets. We expect to ship more Natural Gas gen sets within the next two weeks. These CSRV systems are specifically designed to run on flare off gas and other fuels."

Poppet valves burn out in a matter of weeks on this type of fuel, where the CSRV systems are designed to utilize Natural gas and any other types of engine fuels.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Thursday, July 7, 2011 11:24 am EDT

Coates International, Ltd. is pleased to release this stockholders' update

Coates International Ltd. (the “Company”) is pleased to release this update to our stockholders.

The equity line of credit facility agreement with Dutchess Capital covering the sale of up to $20 million of our common stock has been executed and the related initial registration statement has been filed with the Securities and Exchange Commission.
Progress continues to be made with the undertaking to merge with the Chinese engine and generator manufacturer (SWT). The Company has put in place its proper representation in China with a prominent local law firm and independent accountants to assist the Company in carrying out the due diligence procedures and other merger transaction related activities.
Selection of Coates as the Project Manager/Supplier for construction of the turn-key power plant project for the Dubai World Business Group has been approved. A deposit of $40,000,000 USD is to be made by the project sponsors before Coates begins the project. This deposit represents 10% of the total cost of the project. Management has been invited to a planning meeting in the Middle East, after which the definitive project documents will be prepared and executed.
Almont Energy of Alberta, Canada has made an additional payment to the company bringing total payments received by Coates to $5,150,000 USD to date, leaving a balance of $4,850,000 USD. The Company expects to ship more industrial electric power natural gas CSRV Gen Sets within the next two weeks to Alberta, Canada
In May 2011, Black Swan Capital Group, Inc. informed the Company that it had completed its due diligence on the Company and had obtained approval for funding the $10 million working capital loan to Coates from its Investment Committee and/or its investors and issued a written, binding commitment to provide the Loan. The Company has since determined that the likelihood of success of obtaining the Loan from Black Swan, in spite of having received such commitment is remote. The Company intends to pursue all legal remedies and courses of action available to it in view of management’s opinion that Black Swan is in breach of its Commitment Letter to provide the Loan.
The Company is working with other financial funding sources in an effort to acquire additional working capital to ramp up production.
Management is satisfied with the success in continuously manufacturing the Gen Sets for Almont. In anticipation of gaining access to manufacturing facilities and skilled employees to produce CSRV products in China, Management is planning to be in a position to promptly commence full production in China of 6-cylinder, V12 and V16 industrial CSRV engines and natural gas generators.
In response to inquiries received from stockholders, the Company has no plans to change the (COTE), ticker symbol in the foreseeable future. Coates’ common stock may, however, be listed on other appropriate stock exchanges in other parts of the world after successful completion of the merger transaction with SWT.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Tuesday, June 21, 2011 2:36 pm EDT

Coates International, Ltd. receives another payment from Almont towards its exclusive Canadian license bringing the total payments to date to $5,150,000 USD

Coates International, Ltd. (the “Company”) is pleased to announce that Almont Energy, Inc. continues making payments toward its research & development and exclusive use and sale license fees. Payments of these fees are immediately utilized for the production of additional CSRV Gen Sets for Almont. The Company has received a total of $5,150,000 USD to date, leaving a balance currently due to the Company on the Canadian agreements of $4,850,000. The exclusive use and sale license for the USA territory remains in escrow. A $1 million deposit for the USA license fee is due by March 2012 and the $49 million balance of the license fee is required to be paid by Almont over the next four years.

The Company is diligently working to deliver more CSRV Industrial Electric power natural gas Gen Sets to Alberta, Canada.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Tuesday, June 07, 2011, 11:48 am EDT

Coates International, Ltd. signs a $20,000,000 equity line of credit today with Dutchess, a Boston-based investment fund

Coates International, Ltd. (the “Company”) is pleased to announce that it executed an Agreement with Dutchess Opportunity Fund, II, LP (“Dutchess”) for a $20,000,000 equity line of credit financing facility. Under this facility Dutchess will purchase shares of the Company’s common stock.

The Company is required to register the shares of common stock with the Securities and Exchange Commission (“SEC”).
The Company President and CEO, Mr. George J. Coates, stated that “the funds will be accessed at our sole discretion. It is necessary to have this line of credit to assist our production needs.”

The $10 million firm commitment from Black Swan Capital Group, Inc. address 999 18th Street, 30th Floor, Denver, CO 80202, has not closed as yet. More information will be forthcoming on Black Swan shortly.

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Thursday, June 2, 2011, 12:00 pm EDT

Coates International, Ltd. to receive funding from its Chinese merger partner good faith deposit of $1,000,000

Coates International, Ltd. (the “Company”) is pleased to announce the next step in the process to merge with SWT, a major Chinese heavy equipment manufacturer. SWT has signed another agreement which provides the Company with a good faith deposit of USD $1,000,000 to cover a portion of the expenses in connection with the consummation of the merger transaction. The Company is in the process of establishing a bank account in China for this purpose, upon which the funds will be deposited. The Company has also retained a highly respected Chinese law firm to orchestrate the merger transaction.

Mr. George J. Coates, President and CEO stated: “We are excited about the pace of progress we are making with our future business partner in China and are enthusiastic about the synergies that will be created, including access to substantial existing manufacturing capacity and skilled labor in China; this is a win-win situation for both Companies and our shareholders.”

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. Our public filings with the SEC may be viewed and printed from the website maintained by the SEC at http://www.sec.gov.

Tuesday May 17, 2011, 7:00 am EDT

Coates International, Ltd.'s and China-Based S.W.T. Have Agreed to Proceed with Merger Plans at Strategic Meetings in Alberta, Canada

Coates International, Ltd. (the "Company") is pleased to announce that Mr. George J. Coates, President & CEO, and Mr. James Pang, the company's Exclusive Liaison agent to China, conducted meetings with the President and a delegation of executives from S.W.T. of China in Alberta, Canada last week. The two companies reached full agreement to combine forces and merge the companies. S.W.T. is a major industrial engine and generator manufacturer in China with more than 2,000 skilled production workers that produce over 80,000 units per year, as well as other products.

Management is extremely pleased with the positive results of the meetings. Mr. George J. Coates, President & CEO stated that: "I believe that significant synergies will be created by this merger, including this being the quickest path for achieving mass production of the Coates CSRV Industrial Electric Power Natural Gas Generators and it should be considered as a turning point that will benefit Coates International, Ltd., its shareholders and S.W.T. of China."

A key event during the visit to Alberta was the inspection by the S.W.T.'s engineers of the Coates Industrial Natural Gas CSRV Generators in operation. They indicated that they were fully satisfied with the performance and emission results. Both companies are now fully engaged with the process of expediting the merger.

The Company has shipped another Natural Gas Generator to Alberta, Canada last week and will be shipping many more as components and parts are delivered to our plant for manufacturing and distribution from New Jersey.

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.

Wednesday, May 4, 2011, 3:04 pm EDT

Coates International, Ltd. (the "Company") is pleased to report that on May 3, 2011, it obtained a firm commitment from Black Swan Capital Group, Inc. ("Black Swan") for $10,000,000 funding which would provide substantial new working capital (the "Funding"). The Funding Commitment is expected to close before the end of this month.

George J. Coates, President and CEO stated: This is a significant milestone in enabling the Company to proceed with its plans and I am very excited because this will enable us to ramp up production and fulfill orders for the Coates CSRV Natural Gas Industrial Electric Power Generator Sets to our customers throughout the Western Hemisphere.

The Company has licensing fees to be received totaling $54,800,000 of which payments are due this year. Other licenses are being negotiated. This will add to earnings along with production and sales of our products. The Company should have positive earnings soon.

This Funding was initiated by George J. Coates, President and CEO.

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.

Friday, April 29, 2011, 3:14 pm EDT

Coates International, Ltd. is shipping more industrial natural gas electric power CSRV engine generators to Alberta, Canada.

Coates International, Ltd. (OTCBB: COTE) – Coates International, Ltd. (the “Company”) is pleased to report that on April 29, 2011 it shipped another Industrial Natural Gas Electric Power CSRV engine generator to Alberta, Canada. This CSRV generator will be one of the first of many to be installed in the field. The Company expects to ship additional units already in production in the near future and believes it is at the turning point to begin ramping up production to fulfill orders.

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.

Thursday, April 28, 2011, 12:20 pm EDT

The Chinese Delegation of Top Company Executives To Visit Almont Energy in Alberta, Canada.

Coates International Ltd. (the "Company") was informed that the Chinese Company President, Mr. Li, and the delegation of top executives have expressed complete satisfaction with their last visit to Coates International Headquarters, where they observed a number of CSRV systems in operation such as:

The Coates CSRV Industrial Natural Gas Electric Power engine generators in operation under full load.
Stand alone CSRV home generator operating on propane gas.
A one cylinder industrial engine operating on gasoline.
A performance V8 CSRV engine operating on gasoline.
A Mercedes 380 SE vehicle retrofitted with the Coates CSRV system operating on Gasoline, demonstration over 10,000 RPM.
Numerous engine, generators, and products under construction.
Technical data and test results, etc. was also supplied to them.

They will now visit Almont Energy in Alberta, Canada and some of the oil fields to observe the Coates CSRV Industrial Electric Power Natural Gas engine generators in operation up there.

James Pang, the company's exclusive liaison agent to China will accompany them. Coates management will also be in Alberta, Canada for the visit.

It is not necessary for the Chinese to visit Coates International a second time, as preliminary agreements were already executed by both parties. Chinese License agreements are expected to be executed in Canada.

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.

Tuesday April 12, 2011, 7:00 am EDT

Coates International, Ltd. Merger With a Major Chinese Industrial Engine and Generator Manufacturer gets Closer to Completion. A Delegation of Top Management Executives Will Visit Coates Headquarters on April 26, 2011.

Coates International Ltd. (the "Company") is pleased to announce that a delegation of top executives, including the company president of a major Chinese engine and generator manufacturer, will visit the Coates headquarters for the second time. Both companies have already executed letters of intent to merge the companies. The executives will stay for thirty days and visit Almont Energy, Inc. in Alberta, Canada. This will bring us close to consummating the merger.

Management believes this is one of the most significant moves the company will make. This merger will benefit both companies including our shareholders.

Details of the merger and name of the company cannot be divulged at this time. However, as soon as all documents are fully executed more information will be released.
Coates International is presently negotiating with financers to acquire $10,000,000 of working capital to ramp up production in the USA.

Coates International, Ltd. will construct and set up a complete turnkey electric power plant in a designated Arab country.
The companies that will participate in the project are: Sherman Engineering Company, Luz Construction, Inc., J.S.A. Engineering, Inc., and Almont Energy, Inc.
The Chinese company that will manufacture the Coates CSRV natural gas engine generators and supply the systems for the project.
Coates International, Ltd. will manage the entire project.
90% of the funding is from Dubai, U.A.E. and 10% from the Arab country where the power plant is required.
As soon as contracts are signed and funds are received the project will start.
The Dubai U.A.E. world business group is also talking with other countries where flare off gas is being released to mimic this project.
Management is extremely satisfied with these events and believes this project will start the ball rolling, and will benefit all companies involved including our share holders.

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.

Tuesday April 5, 2011, 1:25 pm EDT

Coates International Ltd. (the "Company") announces a plan, which became effective on April 1, 2011, to provide new working capital from the reinvested proceeds from sales of up to one million shares of stock owned by George J. Coates, majority shareholder, President, CEO and Chairman. The shares will be sold on the open market through a registered broker-dealer under the exemption from registration provided by Rule 144 of the Securities Act of 1933. Mr. Coates has agreed to reinvest the net proceeds from these stock sales back into the Company to assist with its cash flow in return for shares of Series B Convertible Preferred Stock of the Company. Mr. Coates has also indicated a willingness to extend this program beyond the one million shares, if it is deemed appropriate at the time.

Barry C. Kaye, CFO noted that this plan will promptly provide the Company with needed working capital and underscores the commitment of George J. Coates to our future and our business plan. He also stated that investors should be careful not to interpret these insider sales as any indicator of a change in management's outlook for the Company since the proceeds are actually being reinvested.

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. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include market conditions, regulatory approvals, and other risks inherent in our operations. For a discussion of these risks and uncertainties, 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.

Monday April 4, 2011, 2:41 pm EDT

Coates International, Ltd. Converts Related Party Notes to Shares of Stock.

Coates International Ltd. (the "Company") and The Coates Trust, a trust controlled by George J. Coates, President and CEO have agreed to convert promissory notes in the aggregate amount of $198,136, including principal and interest, originally issued in 2010 into 1,165,507 unregistered shares of common stock at the closing price on March 31, 2011, of $0.17 per share. The Company and two of its directors also agreed to convert promissory notes in the aggregate amounts of $188,258 and $131,484, including principal and interest, originally issued in 2010 into 1,100,922 and 768,648 unregistered shares of common stock, respectively, at the closing price on April 1, 2011, of $0.171 per share. The cash proceeds from issuance of these promissory notes were used for working capital purposes.

Company CFO, Barry Kaye stated that the decision by The Coates Trust and two of our directors to convert their promissory notes is an expression of confidence in the Company to carry out its business plans to manufacture and distribute the world-wide patented Coates Spherical Rotary Valve ("CSRV") system technology products. We are also very pleased to be reducing the outstanding debt of the Company by almost $518,000.

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. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include market conditions, regulatory approvals, and other risks inherent in our operations. For a discussion of these risks and uncertainties, 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.

Friday April 1, 2011, 7:00 am EDT

Coates International Ltd. (the "Company") has signed a letter of intent to merge with an industrial engine and generator manufacturing company in China.

Management believes that if our company is to get into mass production soon, it must act now. The Chinese manufacturer currently employs more than 2,000 skilled plant workers and produces over 80,000 industrial electric power generator sets per year.

Since negotiations commenced eight months ago, the Chinese company has built a new one million square ft. manufacturing plant where the Coates CSRV natural gas electric power generators are planned to be manufactured.

Consummation of this merger would benefit both companies in a number of ways, including:

Mass production of the Coates CSRV natural gas industrial electric power engine generators will be assured.
Lower manufacturing costs are anticipated.
The Chinese company could possibly double its product output.
The Chinese company would acquire the right to the patented CSRV technology for its existing products.
"The Company" would begin generating revenues and cash flows from sales and license fees.
Working capital would be generated to enable large scale expansion of CSRV products manufactured in the USA.
The merger is expected to establish a significant global footprint in the market place.
Access to working capital may become more readily accessible internationally.
"The Company" will manufacture other CSRV products as demand increases.
It is anticipated that this plan should enhance shareholder value of both merging companies.

The merger is subject to certain conditions and governmental approvals including raising capital internationally.

About Coates International, Ltd.: Coates has been developing over a period of more than 15 years a patented spherical rotary valve CSRV Internal Combustion Engine invented by George J. Coates and his son Gregory. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at http://www.sec.gov.

Tuesday March 8, 2011, 3:34 pm EST

Coates International, Ltd. and a World Business Group of Dubai, United Arab Emirates (U.A.E) Are Close to Agreement.

Coates International Ltd. (the "Company") is pleased to announce that on March 8, 2011 the company received notice that contracts are expected to be completed by the end of this month.

These contracts specify that Coates International, Ltd. will construct and set up a complete turnkey electric power plant in one of the Arab countries. The Coates designed power plant and electric power generators operate on flare off gas that would otherwise be wasted and flared off into the atmosphere.
The essential companies that will participate in this project are: Luz Construction, Inc. (industrial contractor), Jersey Shore Automation, Inc. (electrical engineering, fabrication, and installation), and Almont Energy, Inc. of Alberta, Canada (natural gas electric power industrial generator installation)
There are other companies involved.
Coates International, Ltd. will manage the entire project.
The duration of this project is 24 months the estimated amount for the project is $400,000,000 USD.
There are more of these flare off gas electric power generating plants being negotiated in other locations and countries by management.
Coates International, Ltd. must start mass production of its industrial electric power natural gas generators in the USA and China immediately to support the project.
Just one of these power plants requires 260 Industrial CSRV Natural Gas electric power generators.

The Coates inventors have completed the design of a turnkey electric power plant for Dubai, UAE (United Arab Emirates). This calls for approximately 250 Coates CSRV Industrial Natural Gas Electric Power engine generators that will put out up to 400 MW. These units are expected to be manufactured in China to the Coates CSRV specifications.
The state of Oklahoma incentive deal is still on the table. The estimated value of the State and Federal incentives with quality jobs cash incentive is $787,526,057, with investment/new job tax credit package $779,159,557, and start up funding is still needed of approximately $300,000,000 for this project to begin. This could create up to 1,000 new quality jobs.
The Dubai project is in process.
The Chinese deal is in process.
The Company is working to get more Industrial CSRV Natural Gas Electric Power engine generators delivered to Almont Energy, Inc. in Alberta, Canada this month.
The Company is also talking with other states regarding setting up large mass production manufacturing plants in the USA.