SOURCE: Coates International, Ltd.
WALL TOWNSHIP, NJ--(Marketwired - Dec 30, 2013) - Coates International, Ltd. ("the Company") (OTCQB: COTE) -- Another visit by the Chinese to the Coates headquarters, this time by a combustion engine expert, we welcome his visit. A number of Coates CSRV® products will be demonstrated for the Chinese engine expert. Certain details of the Coates patented CSRV® engines will be explained and other proprietary details will be omitted. Numerous tests will be run on different CSRV® engines. We should point out that Mr. Coates is a New Jersey Motor Vehicle Commission Licensed Inspector and will be overseeing all of the tests and demonstrations that will be carried out for the Chinese visitor at the Coates plant.
Mr. Coates comments, "This is a much better arrangement than shipping one test engine to China. We will demonstrate various CSRV® engines and natural gas industrial gen-sets under full load with all the equipment in operation. We were informed that this new visitor from China is a renowned engine expert. I look forward to this visit. This deal with China to establish Coates mass production operations is a very important step for the Coates Organization. It opens up new major markets for all of the Coates CSRV® products. After this visit we should be in a position to consummate the deal."
There can be no assurance that the Company will be successful in any of the above 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.