Coates International Ltd. Cancels The Open House For Visits By Stockholders On November 9 And 10th, 2012 Due To The Storm.

Coates International Ltd. Cancels The Open House For Visits By Stockholders On
                 November 9 And 10th, 2012 Due To The Storm.

PR Newswire

WALL TOWNSHIP, N.J., Nov. 8, 2012

WALL TOWNSHIP, N.J., Nov. 8, 2012 /PRNewswire/ --Coates International, Ltd.
(NASDAQ OTCBB: COTE) –Coates International Ltd. (the "Company") has cancelled
the open house visit for its stockholders until further notice. The decision
to cancel was due to the storm. The Company sustained no serious damage and
the power is back on.

  oPlans for setting up manufacturing and production operations are complete.
    The location has been decided upon. The Company awaits documents
    specifying all of the startup funding and incentives.
  oThe Company plans to put into the deal:

     oDutchess Capital Line of Credit      $20,000,000
     oLetter of Credit from Swiss Group             $30,000,000
       
     oCompany plans to raise an additional     $90,000,000
     oAlmont Energy licensing fees to be paid to the Company over 
       a period of time
                                                                   $54,000,000
     oStart up funding and incentives from State and City are not
       known at this time

  oThe Company will also put into the deal an exclusive production license to
    the CSRV natural gas industrial engine generator for the western
    hemisphere and other licenses from George Coates and his son Gregory
    Coates.
  oThe Company will give all provisional and firm orders which equate to
    approximately just over one billion USD per year.
  oManagement is working diligently to complete this deal and get the company
    into full production as soon as possible.
  oMr. James Pang, The Company's exclusive liaison agent to China, is in
    Shanghai negotiating with Companies that may be suitable to join forces
    with Coates for the manufacturing and production of our CSRV products in
    that part of the world.
  oThe Company regrets that it simply cannot answer all the emails that it
    receives due to the work load.

However, there can be no assurance that any of these deals will be
successfully concluded.

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.

Investor Relations Contact:
Equiti-trend Advisors, LLC
Phone: 800-953-3350
E-Mail: admin1@equititrend.com

THE COATES OFFICIAL NEWS WEBSITE
www.coatesengine.com | www.mostadvancedengine.com

SOURCE Coates International Ltd.

Website: http://www.mostadvancedengine.com