Haunting past of failed Pr after failed Pr, here are some examples. They all sound SO GOOD and all similarly ended with failure and dilution:
Pay attention to dates, a never ending supply of "BOOM" PRs that led to zilch sales and massive dilution for COTE execs....
May 7, 2009/PRNewswire-FirstCall/ -- Coates International, Ltd. (OTC Bulletin Board: COTE) -- The company has received non-refundable payments from Well to Wire Energy Inc. of Alberta, Canada. These payments are for licenses to the Coates CSRV patented technology for power units used in the oil and gas industry, payments to date total $4,003,183.03 because of these good faith continuous payments made to the company and considering the economic climax. The company has extended the payment date to July 31, 2009. However, Well to Wire must continue to pay down the remaining balance of the $11,000,000.00 USD of which is $6,996,817.00 and when these payments amount to 45% of the original $11,000,000 which is $5,000,000, their risk substantially diminishes. They do not lose their licenses; the license only becomes (non-exclusive) until the balance is paid in full.
Barry C. Kaye CFO, stated these payments provide extra working capital to fund our initial production of our industrial natural gas CSRV electric power generators. The company expects to have a number of these power units installed in the field very soon. Sales of these products will generate more operating revenues that will be reinvested to fund the ramp up of our production to fulfill existing orders for the oil and gas industry.
George Coates President and CEO, stated we have faith in Well to Wire and believe they will fulfill their obligations to the company and we look forward to working with them.
Friday, April 6, 2011 – For Immediate Release
WALL TOWNSHIP, N.J. – (PR NEWSWIRE) – Coates International, Ltd. (OTCBB: COTE) – Coates International Ltd. (the “Company”) is pleased to announce that it received notice that the flare off gas power plant project is approved. This project is approximately worth $400,000,000 USD.
The power plant was designed by George J. Coates and his son Gregory G. Coates, which will incorporate approximately 300 Coates CSRV 1 to 2 M.W. natural gas electric power engine generators that will be manufactured in China to Coates CSRV specifications.
* Coates International, Ltd. will construct and set up a complete turnkey electric power plant in a designated Arab country.
* The companies that will participate in the project are:
o Sherman Engineering Company
o Luz Construction, Inc.
o J.S.A. Engineering, Inc.
o Almont Energy, Inc.
o The Chinese company that will manufacture the Coates CSRV natural gas engine generators and supply the systems for the project.
o Coates International, Ltd. will manage the entire project.
* 90% of the funding is from Dubai, U.A.E and 10% from the Arab country where the power plant is required.
* As soon as contracts are signed and funds are received the project will start.
* The Dubai U.A.E world business group is also talking with other countries where flare off gas is being released to mimic this project.
Management is extremely satisfied with these events and believes this project will start the ball rolling, and will benefit all companies involved including our share holders.
WALL TOWNSHIP, N.J., Aug. 2, 2013 /PRNewswire/ -- Coates International, Ltd. (NASDAQ OTCBB: COTE) – Coates International, Ltd. (the "Company") has signed a Letter of Commitment with a Chinese manufacturer and foundry casting company, which also owns coal mining companies in China, plans to mass produce the Coates CSRV industrial natural gas electric power engine generators and other CSRV products for distribution throughout China, UAE, and possibly throughout the Eastern hemisphere.
The Company has a number of products that it intends to produce in large quantities and has $57,000,000 in firm orders for these products and provisional orders from its exclusive licensed distributor in Canada estimated to be worth $1,700,000,000 USD per year.
The Company is expediting its efforts to get into full production here in the USA for distribution throughout the Western hemisphere and mass production in China for distribution throughout the Eastern hemisphere.
* Management comments, This Company has some of the most advanced green energy products and technologies in the world today clean and free of harmful emissions while utilizing alternative fuels such as LNG, CNG, propane, hydrogen and others.
* Mr. Coates comments, "The Chinese mining company desperately needs the Coates CSRV industrial natural gas engine generators for the flare off gas from their mines. These mines produce tremendous amounts of harmful emissions and our products can clean up this situation for them. We have been told that the mining company is giving us a larger firm order for our products. I am confident that we will achieve our goals if we keep pressing forward with our efforts. Mr. James Pang, our exclusive liaison agent, is still in China working on the merger and we expect completion of the deal soon."
* Coates Hi-Tech Engines, Ltd. is a spin-off company organized to manufacture the Coates products in the USA.
* Coates Hi-Tech Engines, Ltd. is in the process of raising $20,000,000. If successful, all Coates International, Ltd. shareholders will receive shares in this new company. This small offering will start limited production in New Jersey. These products are already sold.
* The Company is owed a balance of $4,500,000 USD on its exclusive distribution license from our distributor in Canada. They already paid a down payment of $5,500,000.?The distribution license for the USA was put into escrow with a price tag of $50,000,000 USD as soon as the Company delivers the first 120 industrial electric power CSRV natural gas generators to Canada the balance of the license payments will begin to be received.
* More information will be forth coming on the hydrogen project that the Company is working on.
WALL TOWNSHIP, NJ--(Marketwired - Feb 24, 2015) - Coates International, Ltd. (OTCBB: COTE) (the "Company") the company has executed a $100,000,000 USD License Agreement with the Chinese today.
President and CEO, Mr. George J. Coates, comments: "It has taken some time to get to this point with the Chinese regarding translations and various details. Involved in this deal are Coates Power Ltd. China, Renown Power Inc. Ltd. Hong Kong, China and the Government of The People's Republic of China. A Coates CSRV electric power natural gas gen-set was shipped to China in December, 2014, for demonstration and testing purposes. The CSRV gen-set operated flawlessly on numerous runs under full load conditions. Sets of CSRV heads and parts and components are now being readied for shipment to Coates Power Ltd. China where the first Coates CSRV 150 KW electric power natural gas generator will be built in China. Coates technical staff will be traveling to China to instruct the Chinese on how to build and assemble the CSRV engines and generators. Technical specifications will be supplied to ramp-up production in China."
A separate Engineering Agreement is being drawn up for Coates International, Ltd. to assist in the start-up of production in China.
This is one of the best moves Coates International, Ltd. could have made to get into production in the fastest possible time frame. This license gives the Chinese the rights to distribute CSRV products made in China throughout the Western Hemisphere."
WALL TOWNSHIP, N.J., Sept. 20, 2017 (GLOBE NEWSWIRE) -- Coates International, Ltd. (OTC PINK:COTE) (the “Company”) was notified on September 19, 2017, that the San Felipe Mexico 40 M.W. project has been taken over by H2 Generacion LLC, a Delaware company. Project funding by a global business green energy group.
Coates International, Ltd. President and CEO, Mr. George J. Coates, comments: “This project is similar to the clean green energy project in Alpha, New Jersey but much bigger. We have been working incognito with each project. Here at the Coates headquarters, we have been continuously working on hydrogen products and new technology of which cannot be divulged at this time until patent protection is in place. Only certain people are allowed on the premises while this work is in progress. Many new patents will be applied for. This new H2 hydrogen technology, with the Coates CSRV® system, we believe, will be world renowned; the cleanest green inexhaustible power ever produced from rays of the sun producing H2 hydrogen fuel that will be utilized to operate the clean green Coates CSRV® electric power industrial generators and transport vehicles and compressors.
“These companies that have taken over these projects in the USA and Mexico have applied to Coates to acquire a license to use and sell the Coates products.
“The Company has revoked the license from Secure Supply LLC for non-compliance under the Agreement.
"These unique and first of their kind projects in the world will benefit every living creature on earth and help prevent global warming by reducing the production of harmful emissions released into our atmosphere such as (HC), (CO), (NOX). Our clean green unique products will spread worldwide.”
There can be no assurance that the Company will be successful in any of its endeavors.
WALL TOWNSHIP, N.J., Sept. 11, 2017 (GLOBE NEWSWIRE) -- Coates International, Ltd. (OTC PINK:COTE) (the “Company”) was notified on August 31, 2017, that H2 Development Corp. has taken over the Alpha, New Jersey project. Project planning has been approved and funding of $35,000,000 USD is in place. 2 M.W. sun tracking solar systems by EPG, Green Hybrid Energy Solutions of White Plains, New York will be on-site. Coates International, Ltd. will provide 1.5 M.W. H2 fueled Coates CSRV® industrial electric power generator sets, including CSRV® retrofit 18 wheeler tractor trailer trucks. The H2 infusion process will be contributed by Kokomo Beverage Bev-Graph Alpha, New Jersey.
Coates International, Ltd. President and CEO, Mr. George J. Coates, comments: “This project is the world’s first of its kind and will achieve renewable green energy storage.
"The rays of the sun supply inexhaustible carbon-free power. When the sun goes down, the CSRV H2 generator sets kick in so that a constant 24/7 power supply is achieved. H2 transport trucking is also a first. Powered by H2 produced by rays from the sun, there is a continuous supply of, green clean carbon free continuous power. This may be the biggest breakthrough of energy supply in the world ever.
"Poppet valve engines do not work properly on gaseous H2 because they have overlap; meaning both inlet and exhaust valves are open at the same time causing pre-ignition. The Coates CSRV® operates with totally different action and operates flawlessly on all combustible fuels including flare off gas, CNG, LNG, propane and Hydrogen H2.”
Wall Township, NJ – (Globe Newswire – May 4, 2017) For Immediate Release: Coates International, Ltd. (OTC PINK: COTE) (the “Company”) on May 2, 2017, a meeting was held at the Coates International, Ltd. headquarters in New Jersey with two officials from the Pentagon ACSIM-ODF US Army to discuss the use of Coates CSRV industrial electric power generators operating on natural gas for deployment at US Army bases.
Company President and CEO, Mr. George J. Coates, comments: “This was a very important meeting for the Company. A number of Coates CSRV industrial natural gas electric power generator types were demonstrated, including a propane unit and various gasoline engines. At the conclusion of the meeting, the parties agreed that it was productive and positive. The representatives were presented with manuals, official test data and informative DVD’s. A transaction of this magnitude represents a significant opportunity for our Company. The requisite technology and know-how is already in place. All products for this application will be manufactured in the USA.
Company management is enthusiastic about the extent of this potential project to deploy our CSRV natural gas Gen Sets at US Army bases. Our Gen Sets lower harmful emissions into the atmosphere, reduce costs and utilize fuel that is readily available in vast quantities through the United States, including “flare-off gas” which is normally wasted because it is not suitable for powering conventional internal combustion engines.”
