Coates International, Ltd. Signs Letter of Intent With Another Chinese
Industrial Generator Manufacturer
WALL TOWNSHIP, N.J., Nov. 26, 2012
WALL TOWNSHIP, N.J., Nov. 26, 2012 /PRNewswire/ --Coates International, Ltd.
(NASDAQ OTCBB: COTE) –Coates International Ltd. (the "Company") signed a
Letter of Intent today with another Chinese industrial generator manufacturing
corporation. This is a very large manufacturer and much more suitable for
Coates to join forces with for large production quantities of CSRV products.
Indications of demands for our natural gas CNG, LNG, propane, syngas, flare
off gas electric power CSRV industrial engine generators are rising and the
Company must start producing its products as soon as possible to fulfill
orders of approximately 11,000 units per year. This Chinese manufacturing
corporation is headquartered in Hong Kong which has a simpler environment for
Management believes that the synergy from working together with this Chinese
company could enhance shareholder value and provide a shorter timeframe for
the Company to start up production. A visit by the Chinese company's senior
management is now being arranged by our exclusive liaison agent to China, Mr.
James Pang. The name of the Chinese Company cannot be announced until a
definitive transaction is entered into.
There can be no assurance that the Company will be successful in concluding a
business venture with this Company.
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
THE COATES OFFICIAL NEWS WEBSITE
www.coatesengine.com | www.mostadvancedengine.com
SOURCE Coates International, Ltd.
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