SOURCE: Coates International, Ltd.

January 19, 2016 12:16 ET

Mr. Jack Perkowski, Director of Coates International, Ltd., Returned to China Last Week and Notified the Company That Two Air-Cooled Engines Are Being Shipped via Air on Friday, January 22, 2016, to Be Retrofitted With the Coates CSRV System -- This Is an Entirely New Transaction That Mr. Perkowski Brought to the Company

WALL TOWNSHIP, NJ--(Marketwired - Jan 19, 2016) - Coates International, Ltd. (OTC PINK: COTE) (the "Company") is pleased to announce that Mr. Jack Perkowski, Director of the Company, has returned to China last week and notified the Company that two air-cooled engines from an engine manufacturer in China are being shipped this Friday via air freight to Coates' headquarters for retrofitting with the Coates patented CSRV system. This is in connection with a manufacturing license transaction being overseen by Mr. Perkowski, Company Director. The technology required to retrofit these engine types is less complicated, enabling the retrofitting with the Coates patented CSRV system to be accomplished in a shorter period of time.

The Company's President and CEO, Mr. George J. Coates, comments: "It is a pleasure to work with our Director, Jack Perkowski. He is a very valuable asset to the Company who brings us his extensive and widely recognized experience in conducting business in China. He has already proven that with his experience, our business pursuits in China are moving along more expeditiously and smoothly. This business transaction is a Manufacturing License for the Coates patented CSRV technology for smaller air-cooled engines. We are informed that the licensee is a China-based manufacturing company that produces millions of these engines annually. This is a new and separate business opportunity for us in China.

"The Company continues to make progress with many of the business opportunities it is currently pursuing. We anticipate that we will be transitioning to operating activities on one or more of these business arrangements this year."

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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