Coates International Signs Agreement for Cash Incentives of up to $787,526,057 with the State of Oklahoma Department of Commerce
March 30 2009 - 3:37PM
PR Newswire (US)
WALL TOWNSHIP, N.J., March 30 /PRNewswire-FirstCall/ -- Coates
International, Ltd. "The Company" (OTC:COTE) (BULLETIN BOARD: COTE)
is pleased to announce that on March 24, 2009 the Company signed an
agreement with the Executive Director, Secretary of Commerce of the
State of Oklahoma for a cash incentive package of $787,526,057 US
Dollars for setting-up the Coates International Manufacturing and
Production Operations and for the creation of new quality jobs in
that state. Senior management of the Company plan to visit with the
Executive Director of Commerce and other Executives of the State of
Oklahoma within approximately 45 days. Management will inspect the
Industrial Complex to determine if the complex and location is
suitable for Coates International Manufacturing-Production
Operations. Determining the amount of start-up funding and
acquiring it is just one of many obstacles; the Company is already
in-touch with the Federal Department of Commerce. A Stockholders
update will be issue soon. Additional information about the Company
including photos and videos are available at the Coates News
website http://www.mostadvancedengine.com/. Readers may also visit
our corporate website at http://www.coatesengine.com/. DATASOURCE:
Coates International, Ltd. CONTACT: Sharon Arena of Coates
International, Ltd., +1-732-449-7717, or Web Site:
http://www.mostadvancedengine.com/ http://www.coatesengine.com/
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