This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Coates International, Ltd. Update: John I. Blair IV, P.E., Managing Director, To Inspect Alternative Prospective Industrial Plant In Oklahoma

Stocks in this article: COTE

WALL TOWNSHIP, N.J., Aug. 8, 2012 /PRNewswire/ -- Coates International, Ltd. (NASDAQ OTCBB: COTE) –Coates International, Ltd. (the "Company").  The Managing Director of Coates Oklahoma Engine Manufacturing has identified a new location on 160 acres in Oklahoma that may be suitable for our manufacturing and production operations. The fully fenced property has been improved with a 3-year old 1,364,262 SF building, consisting of a 27,747 SF OF office, production space of 276,415 SF and a 1,067,680 SF warehouse, and there are no reported environmental problems. The plant is located within a 9,000 acre park with over 80 companies, including Fortune 500 companies, and 4,500 workers. Mr. Blair is to inspect the facility and report his findings. However, in order for Coates to reconsider Oklahoma as a location for its engine and generator manufacturing operations, the Oklahoma State representatives will need to demonstrate the availability of start-up funding and commit to a satisfactory package of business and tax incentives.

At the same time, the Company continues to make progress with another state that is highly industrialized. A plant in that state is already under consideration and the Company believes this opportunity could be firmed up in the near future. Availability of start-up funding and a package of incentives are expected to be finalized which are critical factors due to the extensive expenditures inherent in the process of ramping up for large scale production.

The Coates team is continuing to work diligently at the New Jersey plant building and running in industrial CSRV natural gas electric power generators for export to its customers.

No assurance can be given that the Company will be successful in finalizing an agreement with either of these opportunities.

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.

Investor Relations Contact:    Equiti-trend Advisors, LLC   Phone: 800-953-3350   E-Mail: admin1@equititrend.com

THE COATES OFFICIAL NEWS WEBSITE    www.coatesengine.com | www.mostadvancedengine.com

SOURCE Coates International, Ltd.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs