Coates International, Ltd. Provides Update on $300,000,000 USD Bond Issue Deal
October 27 2009 - 7:00AM
PR Newswire (US)
WALL TOWNSHIP, N.J., Oct. 27 /PRNewswire-FirstCall/ -- Coates
International, Ltd. (OTC:COTE) (BULLETIN BOARD: COTE) - Coates
International, Ltd. (the "Company") signs deal with a (separate
independent entity) to process a bond offering. The company is
pleased to receive a substantial amount of interest regarding the
bond offering, however, in accordance with certain Securities &
Exchange Commission rules, Coates International can not divulge any
information to individuals. Since Coates International, nor any of
its employees are permitted to discuss the Bond Offering, the
company is pleased to provide the following information: -- It is a
separate entity that is selling these bonds and not the Coates
company. -- This entity only does this type of bond issuing deals
for companies that have immense growth potential, such as Coates
International, Ltd. -- Coates expects a large number of new quality
job creations. -- Will assist numerous companies and lower the
consumption of fossil fuels. -- Our technology that lowers the
production of harmful emissions that are emitted into our
atmosphere. -- Power and propulsion systems that utilize
alternative fuels. Coates International, Ltd. and its CSRV engines
and technology fit into this type of deal perfectly. That is why
they picked the Coates Company for this bond issue deal. The
Company was informed that this Bond Issue Deal should be completed
within 90 days from the date of signing. More information on use of
proceeds will be reported soon. Fax: 732-449-7736 or Email: About
Coates International, Ltd.: Coates has been developing over a
period of more than 15 years a patented spherical rotary valve CSRV
Internal Combustion Engine invented by George J. Coates and his son
Gregory. The CSRV system is adaptable to combustion engines of many
types. This technology is currently adapted to a number of
practical applications, including industrial generators powered by
engines incorporating the CSRV technology and designed to operate
on flare-off gas from oil wells, landfill gas and raw natural gas.
The Company is actively engaged in preparing for the commencement
of manufacturing of products utilizing this technology. 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. By their nature, forward-looking statements and
forecasts involve risks and uncertainties because they relate to
events and depend on circumstances that will occur in the near
future. There are a number of factors that could cause actual
results and developments to differ materially from forecasted
results. These risks and uncertainties include market conditions,
regulatory approvals, and other risks inherent in our operations.
For a discussion of these risks and uncertainties, 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/. Contact: Coates
International, Ltd. Alicia Ansbach, 732-449-7717
http://www.mostadvancedengine.com/http://www.coatesengine.com/
DATASOURCE: Coates International, Ltd. CONTACT: Alicia Ansbach,
Coates International, Ltd., +1-732-449-7717, Web Site:
http://www.coatesengine.com/
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