Coates International, Ltd. Further Update to Last Press Release - First Product Delivery Will Be to China of Two 150 KW Industrial Natural Gas Gen Sets in Approximately Late January 2016
WALL TOWNSHIP, NJ--(Marketwired - Jan 15, 2016) - Coates International, Ltd. (OTC PINK: COTE) (the "Company") has already received full payment for two industrial electric power CSRV natural gas generator sets. The Company previously shipped one industrial generator set to China. Panel controls will be assembled once they arrive in China. Shipment to other countries and territories will be shipped thereafter.
Coates International, Ltd. President and CEO, Mr. George J. Coates, comments: "These industrial generators should have shipped out in November 2015. However, due to late delivery of certain parts, the scheduled shipment of these gen sets had to be delayed. We expect to be able to effect delivery this month."
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.
(January 15, 2016 - 11:10 AM EST)
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