SOURCE: Coates International, Ltd.

January 08, 2015 08:30 ET

Coates International, Ltd. Senior Management Accepts Invitation and Meets With Very High Net Worth Potential Investor in Ningbo Zhejiang, China; This Individual Represents an Investment Group Expressing Interest in Acquiring an Ownership Interest in the Coates Operations in China

WALL TOWNSHIP, NJ--(Marketwired - Jan 8, 2015) - Coates International, Ltd. (OTCQB: COTE) (the "Company") announces that during a visit to China, its senior management accepted an invitation and attended a meeting with a local high net worth individual in Ningbo Zhejiang, China who was reported to have a net worth exceeding US $1 Billion. The meeting was conducted at his headquarters, during which he expressed interest on behalf of his investment group in acquiring an ownership position in the Coates operations in China. He plans to visit Coates Power Inc., Ltd., located in the Xianning High-Tech industrial park in Hubei Province. After this visit, he intends to travel to the Company's headquarters in New Jersey, USA. The Company's management believes he could play an important role working with the Coates team in China. His business contacts in China are believed to be extensive.

A separate meeting was conducted in Shanghai, China with another very high net worth American investor, during which time he also expressed interest in investing in and joining the Coates organization in China, as well as in the USA. 

Management is continuing with its ongoing efforts to pursue these prospects.

More information will be forthcoming in the near future. Photos and a video will be posted on the Coates website www.coatesengine.com. These can be viewed by selecting the Coates Power Inc., Ltd. link under the Company tab of the main menu.

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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