SOURCE: Coates International, Ltd.

March 11, 2016 12:58 ET

Coates International, Ltd. Completes Feasibility Study on Chinese Commercial Engines That Are to Be Retrofitted With the Coates CSRV Green Engine Technology -- This Process Will Start Now -- When Completed This Will Open Up a Vast New Market Worldwide for the Coates Organization

WALL TOWNSHIP, NJ--(Marketwired - Mar 11, 2016) -  Coates International, Ltd. (OTC PINK: COTE) (the "Company") management is pleased to report rapid progress with the Chinese industrial engines at the Company headquarters. This project is expected to be completed in the near future. 

Management believes that this transaction is likely to open new markets worldwide for the patented CSRV green engine technology. There are many millions of these engines manufactured around the world for use in lawnmowers, farm machinery, pumps, water crafts, small transport vehicles, small home generators, and more.

Company President and CEO, Mr. George J. Coates, comments: "This transaction is a major step forward for the Coates organization in so far as the CSRV green engine technology is suitable to be utilized in literally millions of small engines. Numerous companies have contacted us in regard to various applications of our patented CSRV technology. For some time now, we have been desirous of starting up this business opportunity with these commercial engines for the Chinese market. We intend to seize this opportunity that I believe will expand the Company's growth and enhance shareholder value. We are working diligently to complete this project."

There can be no assurance that the Company will be successful in any of its 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.

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