WALL TOWNSHIP, NJ--(Marketwired - Jul 10, 2014) - Coates International, Ltd. ("the Company") (OTCQB: COTE) is pleased to announce that the manufacturing company has been established in China.
Coates Power, Inc. Ltd. and two other Chinese companies will be joining forces with Coates Power, Inc. Ltd. to mass produce the Coates CSRV® products. Licenses should be completed soon.
Company management is extremely satisfied with the progress of this transaction in China. There will be one exclusive manufacturing license issued for China and its territory and two distribution licenses issued for the Eastern and Western hemisphere for all applications.
There can be no assurance that the Company will be successful in consummating this license agreement.
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.