SOURCE: Coates International, Ltd.
WALL TOWNSHIP, NJ--(Marketwired - Dec 11, 2013) - Coates International, Ltd. ("the Company") (OTCQB: COTE) -- NJ MEP and Studley Inc. business executives visited the Company on December 6, 2013. In attendance was Mr. Jeffrey Hoffman, NJ MEP, Adam F. Petrillo Managing Director, and two other executives from Studley Inc. The purpose of the visit was to offer the Company a choice of facilities here in New Jersey to establish its production operations.
The Company is inspecting various properties to decide which plant and location would be most suitable for its production operations here in New Jersey.
The first product that the Company plans to produce in large quantities is the Natural Gas Industrial CSRV® Electric Power Generators for the oil and gas industries.
Mr. Coates comments, "The Coates CSRV® natural gas industrial generators are ready for production. 250 employees could produce 100 of these generators per day. If we can get operations up and running the Company could be profitable within six months. This would benefit the Company, enhance stockholders' value, create new jobs and could continue to expand the Company here in the USA."
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.