SOURCE: Coates International, Ltd.

April 14, 2015 07:00 ET

Coates International, Ltd. Stockholders Update -- The Company Is On Track With Its Production Operations; Parts and Components Are Arriving at the Coates Headquarters in New Jersey; All These Parts and Components Are Manufactured in the United States of America

WALL TOWNSHIP, NJ--(Marketwired - Apr 14, 2015) - Coates International, Ltd. (OTC PINK: COTE) (the "Company") is pleased to announce that is has started receiving parts and components for the assembly of its industrial CSRV natural gas electric power generators. All parts and components are manufactured in The United States of America.

Coates International, Ltd. President and CEO, Mr. George J. Coates, comments: "It takes time, patience, and funds to establish production of these industrial natural gas generator sets. We are very pleased with the progress so far. Many companies in the United States are very helpful. We are working with them hand in hand.

"A lot of our parts and components are manufactured in Pennsylvania, California and other states. We expect all parts and components will arrive within the next 12 weeks. At which time, quality control will take place, then assembly and test running under full load, etc. After that, existing orders will be reviewed and possible delivery dates assigned. At that point, the Company will be in production. We will need more staff and a bigger facility for our expansion into production. We plan to keep our R&D Plant separate from production operations after the first 10 or 20 units are produced.

"Many of our stockholders contacted me about our stock price dropping in the market. We investigated this and found that a deferred stock transaction that the Company did in 2014, with Asher or their new name, KBM Worldwide, Inc., six months later when they converted to company stock, our stock dropped. We called them on a number of occasions and they made promises not to dump the stock but it made no difference. Coates International, Ltd. will never do another transaction with Asher or KBM. It was a big mistake. After they sell off their stock, it should return to normal."

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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