Coates International, Ltd. Update -- Strategic Parts and Components Have Arrived at the Coates Headquarters Today -- Manufacturing of the Coates CSRV Green Power Industrial Generator Sets Will Now Re-Commence
WALL TOWNSHIP, NJ
-- (Marketwired) -- 03/03/16 -- Coates International, Ltd. (OTC PINK: COTE) (the "Company") has received delivery of the long awaited strategic parts and components that were necessary for the completion of some of its products and manufacturing of its industrial CSRV green power natural gas generator sets. Management is now confident that the Company will get back up to speed with its progress and start to deliver products to our customers.
Company President and CEO, Mr. George J. Coates, comments: "These parts and components are two months late on delivery to us. For production, this cannot be allowed to happen as the company's production will be affected. We are dependent upon delivery on time of parts and components. We are now putting plans in place with back-up suppliers so that when production ramps up, we will not be dependent on one source. Parts and supply agreements will have late delivery penalties included. The company is making good progress with its business plans. Over the next couple of months, we expect major progress will be achieved which will enhance the Company's market value."
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.
Contact Information:
Coates International, Ltd.
Phone: 732-449-7717
Fax: 732-449-0764
www.coatesengine.com
www.mostadvancedengine.com
Source: Coates International, Ltd.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer
Source: Equities.com News
(March 2, 2016 - 9:09 PM EST)
News by QuoteMedia
www.quotemedia.com
