WALL TOWNSHIP, NJ--(Marketwired - Jul 21, 2015) - Coates International, Ltd. (OTC PINK: COTE) (the "Company") re-filed its registration on July 15, 2015, in reference to an equity line of credit with Southridge Partners II LP for up to $20,000,000.
The Company President and CEO, Mr. George J. Coates, comments: "This transaction is designed to assist the Company in its expansion of production operations in the USA. The Company is in talks with other financiers at the moment to acquire the necessary funding for our expansion. We have inspected a building in the area that we feel would be adequate for our next step. We have a number of units being built at our New Jersey headquarters plant but we need another plant for our expansion in production of industrial natural gas CSRV generators and 18 wheeler heavy duty CSRV truck engines including retrofit kits for these trucks. We have many other CSRV products that encompass a great market worldwide."
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.