Wall Township, NJ, April 04, 2019 (GLOBE NEWSWIRE) -- Coates International, Ltd. (OTC PINK: COTE) (the “Company”) Coates Manufacturing Ltd., a wholly owned subsidiary of Coates International, Ltd., received a purchase order from an American alternator manufacturer for $24,000,000 USD for 12 - 2 M.W. multi-fuel CSRV® electric power generators.
▪ Company President and CEO, Mr. George J. Coates, comments: “This is a great start for this year. However, the company has already received many orders worth millions of USD.”
▪ Update: The Company management has decided not to extend its existing facilities and is selling its vacant parcel of land and is considering the purchase of a 102,000 sq. ft. manufacturing plant with expansion to another 145,000 sq. ft. The company is planning for the possibility of this to take place this year.
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.
