Coates International, Ltd. Stockholders Update: A Delegation Of Six Top
Business Executives From China To Visit Coates International Research
Headquarters In New Jersey
WALL TOWNSHIP, N.J., Dec. 6, 2012
WALL TOWNSHIP, N.J., Dec. 6, 2012 /PRNewswire/ --Coates International, Ltd.
(NASDAQ OTCBB: COTE) – Coates International Ltd. (the "Company") has signed
visa invitation documents for a delegation of six top business executives and
(owners) of one of the largest industrial engine and generator manufacturers
in China, their corporate headquarters is located in Hong Kong. Their visit is
scheduled for December 16, 2012 to January 15, 2013.
James Pang, our exclusive liaison agent to China, will accompany them to the
The Company has already executed letters of intent and confidential
Management is enthusiastic about this opportunity because the process of
transacting business with their company headquarters based in Hong Kong is
generally recognized to be far less complicated than the process for working
with companies based in mainland China.
Demonstration of the Industrial CSRV Natural Gas generator under full load
operating on compressed natural gas ("CNG") mixed with very small amounts of
diesel and then switched over to CNG only, the propane-fueled CSRV generator,
gasoline-powered CSRV engines and various other engines will be observed in
Management believes that this manufacturer would be a strategic accomplishment
because it would provide a much shorter time frame for getting into full
production because the Hong Kong Company already has existing large
manufacturing capacity and skilled labor for mass production.
oOn November 28, 2012 The Company hosted a visit at its headquarters for
Mr. Kunjal Patel, a senior executive from a major company in India to
explore the possibilities of setting up manufacturing and production
operations in India of Coates CSRV small natural gas engines and small
oThe Company is also continuing its efforts to establish manufacturing and
production operations of its industrial natural gas, CNG, LNG, and propane
engine generators in the United States. Management is working diligently
to accomplish this goal.
oAfter these visits the Company intends to reschedule the open house visit
for all its stockholders.
oManagement also believes that these ventures will enhance shareholders
value in Coates International, Ltd.
There can be no assurances that any of the prospective transactions and
objectives can be successfully consummated or achieved.
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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