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the new phone sales shows apple can still overcome the competition
it is encouraging to see this stock under accumulation
If the current environment doesn't send a message as to how important this is, then nothing will.
keep an eye on ddcc, it is due for some good things. transprop is for real.
The Transprop shipment configuration for Double Crown is a winner, a very big one. Keep an eye on it.
Coates International, Ltd. Stockholders Update: The Coates Water Splitting Hydrogen Reactor Was Coupled to 35 KW Coates CSRV Electric Power Generator and Operated on Hydroxy Gas (Hydrogen) as Its Sole Fuel Supply Split From Water
WALL TOWNSHIP, NJ, Jun 19, 2013 (Marketwired via COMTEX) -- Coates International, Ltd. (NASDAQ OTCBB: COTE) -- Coates International, Ltd. (the "Company"). The Coates water splitting hydrogen reactor was coupled to a 35 KW Coates CSRV electric power generator and operated on hydrogen, hydroxy gas, split from water as the only fuel source used to operate the machine.
-- Mr. Coates states, "Hydrogen has quite a lot of explosive power; it
was stated by some that there are 900 BTU's in hydroxyl gas. I am not
sure if that is correct, we will find out exactly during our future
tests. Imagine just putting water into your home generator to create
the electric power for your home, including heating and cooling. I
believe this is very possible. Hotels, factories, supermarkets and
more all powered from water as fuel. Of course the system will have to
be refined for commercial use now." The Company has signed with
another US company to manufacture and commercialize the hydrogen
reactor system and CSRV generator.
-- The Company has numerous CSRV products developed and designed for
production including 1 Cylinder, 2 Cylinder, 4 Cylinder, 6 Cylinder
and 8 Cylinder engines. Home generators and natural gas industrial
generators for the oil and gas industry, also the Coates CSRV 1600 ci
heavy cruiser motorcycles.
-- Over the past two years management traveled to numerous states, met
with governors and state and city officials, wrote up proposals and
inspected buildings, etc. The incurred costs, including company
overheads of more than $2,000,000 USD, was mostly funded by the Coates
family.
-- The Company's plans have changed. The Company must start producing its
products right away or it could lose its firm orders. Plans are in the
works to start production in New Jersey first and then expand to other
states if necessary. There are some offers on the table to establish
production operations in other states. These are under management
consideration.
-- A new company was organized for the specific purpose of manufacturing
in large quantities the Coates CSRV products, Coates Hi-Tech Engines,
Ltd.
-- Management is working diligently to establish its production
operations. Plans are in the works to issue shares in the new
production company to all existing Coates International, Ltd.
stockholders.
-- An open house for our stockholders is being planned, the dates will be
announced.
-- Coates International, Ltd. is still in negotiations with a Chinese
engine and generator manufacturer that the Company is planning to
merge with. Mr. James Pang, the Company's Exclusive Liaison to China,
is still there in China working on the merger and in daily contact
with Coates Management.
-- Nick Kontonicolas will not be joining Coates as COO. His commitments
to his other interests around the world do not afford him the time
necessary for this full time position. However, he will act as senior
consultant to the Company in its international business affairs. Nick
is a personal friend of Mr. Coates for more than 27 years. He gave the
Company a $30,000,000 Letter of Credit to help with its production
operations and gave the Company firm orders for its products for his
oil and gas interests.
There can be no assurance the Company will be successful in any of the above 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
E-Mail: info@coatesengine.com
THE COATES OFFICIAL NEWS WEBSITE
www.coatesengine.com
SOURCE: Coates International, Ltd. DE
CONTACT: mailto:info@coatesengine.com
http://www.coatesengine.com/
(C) 2013 Marketwire L.P. All rights reserved.
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I'm very optimistic about the Transprop shipment system Double Crown is building now. They have made a very good case of it in what I have read so far and it does sound like it will solve the problems involved with multi-transfer shipping methods. I'm also glad to see the updates on the other projects in todays pr. The people on this company's management team have long histories in this business and they should be able to deliver for us here. Good update news, hope we see more like this.
I strongly urge everyone to watch Fox new this week for the DDCC broadcast.
all excellent news, music to my ears.
Click here: Double Crown Resources Covered by SectorWatch News Report on Oilfield Services
May 23, 2013 09:00 ET
Double Crown Resources Covered by SectorWatch News Report on Oilfield Services
Video Feature Focuses on Current State of Petroleum Production Operations and Need for Vital Support Commodities
HENDERSON, NV--(Marketwired - May 23, 2013) - Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company, invites investors and interested parties to review a SectorWatch video news feature issued by Mike Elliott, Executive Producer of CEOLIVE. Mr. Elliott's report covers the increasing need by oil & gas industry developers to have access to large quantities of key commodities such as high quality fracturing (frac) sand and minerals like barite (barium sulfate) from mining operations.
Double Crown Resources was selected as the subject of this new SectorWatch industry report because of the company's business plan and active operations to support petroleum industry operations worldwide. The piece includes commentary on the increasing importance of establishing reliable sources of key mineral and other commodities as well as providing for efficient transport of large tonnage shipments to active on-shore and off-shore drilling operations.
Anyone can access the new CEOLIVE SectorWatch news video via this direct link: http://ceolive.tv/double-crown-resources/ddcc-videos/1175-ceolive-sectorwatch-oilfield-services-featuring-double-crown-resources-ddcc.
CEOLIVE is an investor media provider featuring publicly traded companies. Presentations address topics related to the company's business performance and strategy but are not intended to provide the first announcement of material information or developments. They will discuss matters announced through other channels or that are not themselves considered material information under securities laws, even though the matters may be important to shareholders. To find out, please visit: http://www.ceolive.tv.
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield supply & service projects that have the potential for early positive cash flow. The company is presently reviewing a number of new natural resource properties that are near to, or in production, located in North, South and Latin America. Multiple oilfield service projects are currently under active development. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.
For more information, please visit: http://www.doublecrownresources.com
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com
•
• CONTACT: ??Double Crown Resources, Inc. ?Jerry Drew ?President and CEO ?2312 N. Green Valley Parkway, Suite 1026 ?Henderson, Nevada 89014 ?Phone: (707) 961-6016 ?Email: info@doublecrownresources.com
Coates International, Ltd. Designed and Built Its Own Water Splitting Hydrogen Producing Machine
WALL TOWNSHIP, NJ, May 16, 2013 (Marketwired via COMTEX) -- Coates International, Ltd. (the "Company") (NASDAQ OTCBB: COTE). George J. Coates has completed the design and manufacturing of water splitting hydrogen production machine. Successful tests have been undertaken over the past two weeks. The water splitting machine will now be coupled to an industrial electric power generator and tested under various conditions such as load and emissions.
Mr. Coates states: "Hydrogen does not have any lubricating properties and it not suitable for poppet valve engines and will shorten the life of such engines. On the other hand the Coates CSRV engines will operate on hydrogen with no adverse effects."
This new breakthrough may be something that America needs now. For home power and industrial applications many interested entities have shown serious interest in this new breakthrough.
There can be no assurance that the Company will be successful in the above 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.
THE COATES OFFICIAL NEWS WEBSITE www.coatesengine.com
Contact Information:
Coates International, Ltd.
Phone: 732-449-7717
Fax: 732-449-0764
E-Mail: info@coatesengine.com
SOURCE: Coates International Ltd.
CONTACT: mailto:info@coatesengine.com
(C) 2013 Marketwire L.P. All rights reserved.
...important to note DDCC hasn't lost sight of the gold mining side of their operations.
It is good to see the recent Coates activity.
Nice to see today's move, there's no doubt some resilience here.
Good news from DDCC today, surprised to see it late in the day but anytime is good.
Great to see the show is going to be aired in April.
great post everyone should read... I made this a sticky.
watching it move today only confirms that this is a good place to be.
watching it move today only confirms that this is a good place to be.
re: Double Crown Resources Releases Investment Feature Audio Interview With Management: I have seen the post and remain optimistic and encouraged.
Coates International, Ltd. Stockholders' Update: The Company Was Notified That the Delegation of Chinese Business Executives Will Visit the Coates Headquarters After February 10, 2013
WALL TOWNSHIP, N.J., Jan. 28, 2013 /PRNewswire via COMTEX/ -- Coates International, Ltd. (NASDAQ OTCBB: COTE) - Coates International, Ltd. (the "Company") has received notice from Mr. James Pang, its Exclusive Liaison Agent to China, that representatives of the Hong Kong-based major manufacturer now plan to visit the Company's headquarters shortly after the Chinese New Year which starts on February 10, 2013.
-- The Company continues to work with two different states for the purpose of establishing its manufacturing operations. Two majority-owned subsidiaries have been established for this purpose. Management has visited one of these states and met with the city and state officials. The Company has also developed detailed business plans for raising new capital and ramping up production in either of these two states.
Both of the states are finalizing a proposal to the company to provide a package of business and tax incentives. A suitable, existing manufacturing site has been identified in each of the two states. Once a decision is made as to which of the two states to set up operations in, the manufacturing site would be acquired by the Company.
The Company plans to initially focus on production of CSRV industrial, electric-power natural gas engine generators. Thereafter, the business plans also provide for additions to the product line to include: domestic stand-alone propane, four-cylinder quiet generators, performance V-8 engines, 4-cylinder water-cooled engines and 1, 2 and 3-cylinder air-cooled engines. Also under consideration in the future, are retrofit kits for heavy trucks and buses and further application of the CSRV technology to marine products.
-- The business plans for the CSRV engine production contemplate the creation of a substantial number of new, skilled permanent jobs. This, combined with anticipated new sources of revenue from both domestic distribution and exports of the CSRV products would serve to stimulate both the local and US economies.
-- The Company has received an assessment of the market opportunity from its Canadian-based distributor which indicates a need for 11,000 power units per year in the US and Canada over a five year period. The Company will require a reasonable period of time to ramp up its production to that level. Depending on the mix of the types of power units sold in any given year, if the Company could achieve that production volume to meet this estimated demand, it could generate revenues in excess of $1 Billion annually.
-- The Company is attempting to firm up certain smaller orders which would enable it to begin building units on a relatively short timetable for delivery to these customers. This would provide further support for the viability of the CSRV system technology, while generating revenues and cash flow.
-- Potential sources of working capital that would be needed to commence the ramp up toward large scale manufacturing include:
-- Draw down of the Existing Dutchess Equity Line of Credit -- $19,700,000
-- Negotiation of a Letter of Credit which must first be deemed acceptable by a bank -- $30,000,000
-- Once the Company commences production it can begin to collect fees owed to it under its CSRV technology sublicenses for Canada and the US for use and sale of industrial, natural gas CSRV power units for the oil and gas industry -- $54,847,000
-- After the Company receives the final business and tax incentive package commitment and chooses a state for its operations, the Company plans to undertake a private offering of its securities to raise additional working capital to support the ramp-up of production
-- After a reasonable period of time to reach and exceed a break-even point from manufacturing operations, the Company intends to reinvest positive cash flows to expand manufacturing capacity and its product line.
-- To the extent that the Company achieves it business plans, shareholder value would naturally be enhanced.
The Company would like to arrange an open house for shareholders some time after the Chinese visit.
There can be no assurances that the Company will be successful in carrying out the business plans outlined above in this press release.
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: 732-449-7717Fax: 732-449-0764E-Mail: info@coatesengine.com
THE COATES OFFICIAL NEWS WEBSITEwww.coatesengine.com | www.mostadvancedengine.com
SOURCE Coates International, Ltd.
www.prnewswire.com
Copyright (C) 2013 PR Newswire. All rights reserved
-0-
KEYWORD: New Jersey
Hong Kong
China
INDUSTRY KEYWORD: OIL
UTI
GAS
MCT
MAC
SUBJECT CODE: ASI
This seemingly quiet period for news clearly points to the fact that things can only be imminent. You may never see these price levels again and the wise will move now while they can.
Don't let the downturn fool you, this just a blip on the radar screen. Recent changes at DDCC will be certain to propel them forward eventually.
Coates International, Ltd. Stockholders Update: A Delegation Of Six Top Business Executives From China To Visit Coates International Research Headquarters In New Jersey
WALL TOWNSHIP, N.J., Dec. 6, 2012 /PRNewswire via COMTEX/ -- Coates International, Ltd. (NASDAQ OTCBB: COTE) - Coates International Ltd. (the "Company") has signed visa invitation documents for a delegation of six top business executives and (owners) of one of the largest industrial engine and generator manufacturers in China, their corporate headquarters is located in Hong Kong. Their visit is scheduled for December 16, 2012 to January 15, 2013.
James Pang, our exclusive liaison agent to China, will accompany them to the Coates headquarters.
The Company has already executed letters of intent and confidential agreements.
Management is enthusiastic about this opportunity because the process of transacting business with their company headquarters based in Hong Kong is generally recognized to be far less complicated than the process for working with companies based in mainland China.
Demonstration of the Industrial CSRV Natural Gas generator under full load operating on compressed natural gas ("CNG") mixed with very small amounts of diesel and then switched over to CNG only, the propane-fueled CSRV generator, gasoline-powered CSRV engines and various other engines will be observed in operation.
Management believes that this manufacturer would be a strategic accomplishment because it would provide a much shorter time frame for getting into full production because the Hong Kong Company already has existing large manufacturing capacity and skilled labor for mass production.
On November 28, 2012 The Company hosted a visit at its headquarters for Mr. Kunjal Patel, a senior executive from a major company in India to explore the possibilities of setting up manufacturing and production operations in India of Coates CSRV small natural gas engines and small propane generators.
The Company is also continuing its efforts to establish manufacturing and production operations of its industrial natural gas, CNG, LNG, and propane engine generators in the United States. Management is working diligently to accomplish this goal.
After these visits the Company intends to reschedule the open house visit for all its stockholders.
Management also believes that these ventures will enhance shareholders value in Coates International, Ltd.
There can be no assurances that any of the prospective transactions and objectives can be successfully consummated or achieved.
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, LLCPhone: 800-953-3350E-Mail: admin1@equititrend.com
THE COATES OFFICIAL NEWS WEBSITEwww.coatesengine.com | www.mostadvancedengine.com
SOURCE Coates International Ltd.
The news today that the US could be the world's largest oil producer going forward only underscores that the position of DDCC is an enviable one indeed.
Double Crown Resources to Enter Joint Venture Partnership With Established Oilfield Service Company, U.S. Sand
Plans in Progress to Support Active Drilling Projects in the Bakken and Eagleford Shales of North Dakota and Southern Texas
HENDERSON, NV--(Marketwire - Nov 9, 2012) - Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company (hereinafter, "Double Crown"), today announces a proposed joint venture with U.S. Sand, LLC of Houston, TX. The purpose of this partnership will be to supply vital fracturing (frac) sand and related commodities to active, on-shore oil and gas drilling operations. U.S. Sand already has contracts in place with major suppliers for large scale delivery of top quality frac sand and guar powder/gum. Additionally, Double Crown now has its own established source for the mineral barite (barium sulfate). All of these commodities are vitally needed in increasing quantities by modern, on-shore oil and gas drillers.
Since the start of 2012, Double Crown has been diligently developing its capabilities to move into the business of oilfield service and supply. New members of our management team have brought with them a wealth of business experience and connections in this area, which is now beginning to yield significant developments to the company. Double Crown's new relationship with U.S. Sand will be a result of the well-established association between our Oilfield Service Specialist, Allen E. Lopez, and Mr. Jose Gonzalez, President of U.S. Sand. The entities are currently negotiating the details of the proposed joint venture and will be visiting active oil/gas drillers in the Bakken and Eagleford Shales located in North Dakota and southern Texas. Double Crown management anticipates that the joint venture will be consummated, however, both parties remain in due diligence. Arrangements have been made to supply frac sand, guar gum, and barite to meet the regional demands. Representatives of both companies are meeting this week in Las Vegas, NV, along with potential purchasers with the intent to enter into binding contracts in the near future.
Double Crown will also be working to set up arrangements for the shipment of crude oil products from the Bakken and Eagleford shales to the Gulf Coast, and we are in negotiations with partners who have strategic petroleum terminals and Gulf Coast transloads. These shipments will be facilitated via our established working relationships between Double Crown and Canaan Oilfield Services, LLC of Bellaire, TX, and other partnership entities to be established.
Commenting on these latest developments, Double Crown's President & CEO, Jerry Drew stated, "This is a very energetic and exciting time for Double Crown Resources. We are extremely pleased to have our joint venture partnership with the very capable and well-connected Mr. Jose Gonzalez and his company U.S. Sand. We are expecting projects to move forward quickly now, which will provide our customers with the important drilling commodities they need and also deliver significant revenues to both our companies."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the McNab molybdenum property located in Southwest, British Columbia, Canada and the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield service projects that have the potential for early positive cash flow. The company is presently reviewing a number of new natural resource properties that are near to, or in production, located in North, South and Latin America. Multiple oilfield service projects are currently under active development. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.
For more information, please visit: http://www.doublecrownresources.com/
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com/
Contact Information
CONTACT:
Double Crown Resources, Inc.
Jerry Drew
President and CEO
2312 N. Green Valley Parkway, Suite 1026
Henderson, Nevada 89014
Phone: (707) 961-6016
Email: info@doublecrownresources.com
Investor Relations
Interactive Business Alliance, LLC
Tommy Hays
Phone: (866) 525-4714
Email: info@ibaconsultingllc.com
Coates International Ltd. Cancels The Open House For Visits By Stockholders On November 9 And 10th, 2012 Due To The Storm.
WALL TOWNSHIP, N.J., Nov. 8, 2012 /PRNewswire via COMTEX/ -- Coates International, Ltd. (NASDAQ OTCBB: COTE) -Coates International Ltd. (the "Company") has cancelled the open house visit for its stockholders until further notice. The decision to cancel was due to the storm. The Company sustained no serious damage and the power is back on.
Plans for setting up manufacturing and production operations are complete. The location has been decided upon. The Company awaits documents specifying all of the startup funding and incentives.
The Company plans to put into the deal:
Dutchess Capital Line of Credit $20,000,000
Letter of Credit from Swiss Group $30,000,000
Company plans to raise an additional $90,000,000
Almont Energy licensing fees to be paid to the Company over a period of time $54,000,000
Start up funding and incentives from State and City are not known at this time
The Company will also put into the deal an exclusive production license to the CSRV natural gas industrial engine generator for the western hemisphere and other licenses from George Coates and his son Gregory Coates.
The Company will give all provisional and firm orders which equate to approximately just over one billion USD per year.
Management is working diligently to complete this deal and get the company into full production as soon as possible.
Mr. James Pang, The Company's exclusive liaison agent to China, is in Shanghai negotiating with Companies that may be suitable to join forces with Coates for the manufacturing and production of our CSRV products in that part of the world.
The Company regrets that it simply cannot answer all the emails that it receives due to the work load.
However, there can be no assurance that any of these deals will be successfully concluded.
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, LLCPhone: 800-953-3350E-Mail: admin1@equititrend.com
THE COATES OFFICIAL NEWS WEBSITEwww.coatesengine.com | www.mostadvancedengine.com
SOURCE Coates International Ltd.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
-0-
KEYWORD: New Jersey
INDUSTRY KEYWORD: AUT
TRN
SUBJECT CODE: PDT
CXP
The addition of Keith Tubandt only serves to show the direction and potential of DDCC going forward. Can anyone dispute the inevitability of this company doing well in view of the need for our country to develop more energy resources here at home?
Double Crown Resources Completes Final Steps for Commencing New Oil Service Operations
Multiple Oil Sector Business Relationships Being Established
HENDERSON, NV--(Marketwire - Oct 26, 2012) - Double Crown Resources, Inc. (OTCQB: DDCC), a fully reporting company (hereinafter, "Double Crown"), has been developing new business ventures to supply vital minerals needed for oilfield drilling operations. Additionally, at this time Double Crown is proud to announce that it has been approved and registered to purchase and resell refined petroleum products from a major international producer of transportation fuels and other petrochemical products based in Texas. To meet this top level producer's requirements and support this new business function, Double Crown has arranged a multi-million dollar line of credit through a major financial lending institution. This line of credit does not involve any equity exchange and therefore will not be dilutive to DDCC shareholder value in any way.
Double Crown is also pleased to announce that the company is currently working out final negotiations of multiple international sales contracts for the delivery of crude petroleum products from specific producers. To facilitate these contracts, Double Crown has now established a working partner relationship with Canaan Oilfield Services, LLC of Bellaire, TX. This relationship will allow for deliveries of crude oil from the Bakken Shale Formation in North Dakota to various transload terminals in the Gulf Coast and West Coast areas.
Double Crown's President and CEO Jerry Drew commented, "The progress we are now making with our oilfield sector business and our new registered status with one of the oil industry's major producers is extremely encouraging. Great credit for this progress must go to board members Glenn Soler, Allen Lopez and Marc Duncan who have worked for months and employed their high level industry knowledge, experience and connections to bring success to our efforts in this area. We are looking forward to signing and announcing multiple oil industry contracts in the near term which will give positive cash flow to Double Crown Resources and translate to increasing value for our investors. I will soon address DDCC shareholders and interested parties directly in a new audio/video interview presentation as well as the upcoming release of our profile segment on the Insights with Terry Bradshaw national television program. These features will provide more details of all our current and planned operations."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration and development company holding a 100% interest in the McNab molybdenum property located in Southwest, British Columbia, Canada and the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties as well as oilfield service projects that have the potential for early positive cash flow. The company is presently reviewing a number of new natural resource properties that are near to, or in production, located in North, South and Latin America. Multiple oilfield service projects are currently under active development. Double Crown Resources, Inc., originally founded in 2006, is based in Henderson, NV.
For more information, please visit: http://www.doublecrownresources.com/
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com/
Contact Information
CONTACT:
Double Crown Resources, Inc.
Jerry Drew
President and CEO
2312 N. Green Valley Parkway, Suite 1026
Henderson, Nevada 89014
Phone: (707) 961-6016
Email: info@doublecrownresources.com
Investor Relations
Interactive Business Alliance, LLC
Tommy Hays
Phone: (866) 525-4714
Email: info@ibaconsultingllc.com
optimistically awaiting good news based on all we've heard so far, shouldn't be long...
It's important to note that DDCC has web activity, it means that this is a living and breathing company which will show us good results going forward.
Coates International, Ltd. Update: John I. Blair IV, P.E., Managing Director, To Inspect Alternative Prospective Industrial Plant In Oklahoma
WALL TOWNSHIP, N.J., Aug. 8, 2012 /PRNewswire via COMTEX/ -- 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.
This will be a meaningful exposure for DDCC. People watch and follow Bradshaw.
I think the real key here is the diversity issue. This company can adapt a lot more readily than a one note company, and this in itself gives it a leg up over others.
Coates International, Ltd. Update: Company Management Has Decided Not To Accept The Offer Of Incentives From The State Of Oklahoma, As More Attractive Offers Are Materializing.
WALL TOWNSHIP, N.J., July 10, 2012 /PRNewswire via COMTEX/ -- Coates International, Ltd. (NASDAQ OTCBB: COTE) -Coates International, Ltd. (the "Company") Management has rejected the latest offer of incentives from the State of Oklahoma and, accordingly, will not proceed with the purchase of the Miami, OK manufacturing property. We have learned that this property has environmental problems including the presence of asbestos.
Management has decided to pursue setting up manufacturing and production operations in another state that is more business-oriented and willing to provide better opportunities for the Coates planned production of its CSRV products. Management is working on securing a package of business and tax incentives with another state that could be finalized by the end of August 2012. However there can be no assurance that the Company will be successful in this endeavor.
Management believes that we do not have competitors in this field because the patented CSRV system technology provides all of the following economic and environmental benefits:
The Coates Spherical Rotary Valve System Technology provides the following benefits:
Eliminates 2,700 moving parts that are incorporated in the 6-cylinder industrial 855ci poppet valve engines and replaces all these parts with only two assembly CSRV shafts.
Eliminates the use of engine oil to the top of the engine. The CSRV system does not require oil service from the engine oil pressure system.
Requires no servicing or adjustment for the life of the engine.
Can operate on LNG-CNG, flare-off well-head gas, and landfill/syngas while producing ultra low harmful emissions.
Is patented in most strategic locations worldwide.
Is expected to generate strong demand from oil and gas companies, governments and others that have expressed interest in our CSRV engine generators. We have received projected requirements from our licensed distributor in Canada for over 11,000 units per year for the next five years.
Is expected to substantially increase engine life expectancy when running on flare-off well-head gas or landfill gas. Our Canadian licensed agent has advised us that poppet valve engines, which are used by other engine manufacturers have short life expectancies when utilizing well-head flare-off gas, syngas, and wet acidic gas. To demonstrate this point, they have shipped poppet valve engines to us that burnt out in a matter of 2-8 weeks operating in the field.
Expected reduction of servicing and maintenance down-time of approximately 75%.
Servicing cost is expected to be reduced by approximately 60%.
Flare-off well-head gas is the burning off of raw natural gas, a byproduct of oil production. 150,000,000,000 cubic meters of this natural gas is flared off into our atmosphere annually, known as waste gas. The dollar value of this waste gas is $30,000,000,000 USD discarded every year. This contributes to global warming and generation of poisonous elements from the flare-off gas, which include (H2), (N2), (O2), (CO), (C1), (C2), (C3), (1-Butene), (iC4), (NC4),(Trans-2-Butene), (CIS-2-Butene), (IC5), (NC5), (C6+), (H2S), and other sulfur compounds. Just one breath of these poisonous pollutants could kill a human being instantly.
Coates International, Ltd. believes it can solve these problems with its patented CSRV products and technologies that will be utilized in the oil and gas industry for pumping, compression, and the production of electric power generated from waste gas that would have been otherwise discarded.
Coates International, Ltd.'s mission is to utilize this flare-off waste gas in our industrial electric power CSRV generators. We believe this will generate revenues for all the companies that utilize CSRV products.
Reduction of the consumption of fossil fuels.
Lower the impact of flare-off gas that would otherwise be pumped out into our atmosphere causing global warming, worldwide health hazards, acidic rain, damaging vegetation, contaminating rivers, streams, drinking water, and oceans and causing changes in the weather patterns.
We believe that when Coates starts producing and deploying large numbers of our CSRV products around the world, our technology will be able to make meaningful advances in addressing these environmental problems.
It is an arduous task that must be implemented and it will take time and a lot of skill and know-how in various aspects of business engineering. Here at Coates International, Ltd., we believe that our team is up to the task.
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:Alicia AnsbachEquiti-trend Advisors, LLCPhone: 800-953-3350E-Mail: admin1@equititrend.com
THE COATES OFFICIAL NEWS WEBSITE www.coatesengine.com | www.mostadvancedengine.com
SOURCE Coates International Ltd.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
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KEYWORD: Oklahoma
New Jersey
INDUSTRY KEYWORD: OIL
GAS
UTI
SUBJECT CODE: CON
the Bradshaw bit could really bust things open.
Coates International, Ltd. Reaffirms It Has Received A Written Offer Of Incentives From The State Of Oklahoma
WALL TOWNSHIP, N.J., June 13, 2012 /PRNewswire via COMTEX/ -- Coates International, Ltd. (NASDAQ OTCBB: COTE) - Coates International Ltd. (the "Company") is issuing this press release in response to recent assertions that the offer from the State of Oklahoma for substantial business and tax incentives has no basis in fact.
A copy of the detailed proposal to the Company detailing the nature and summarizing the amount of the various types of incentives has been posted on the Company's website www.coatesengine.com for some time now so that anyone can view this indisputable documentation. It should be noted that this proposal, dated February 25, 2009 was signed by Natalie Shirley, Secretary of Commerce and Tourism of Oklahoma on official letterhead. This proposal provides the Company with the opportunity to earn up to $788 million in incentives if we elect to qualify for the Quality Jobs Cash Incentive or up to $779 million if we elect to qualify for the Investment/New Jobs Tax Credit Package of incentives. These incentives were offered to the Company to induce it to establish manufacturing operations within the State of Oklahoma. The extent to which these incentives are earned is based on the number of new jobs created and the amount invested in capital expenditures, inventory and cost of goods sold over a defined period of time. There was no expiration date indicated in the proposal and the Company has never received any correspondence from the State of Oklahoma to suggest that the offer has ever been withdrawn or canceled.
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, LLCPhone: 800-953-3350E-Mail: admin1@equititrend.com
THE COATES OFFICIAL NEWS WEBSITE www.coatesengine.com | www.mostadvancedengine.com
SOURCE Coates International Ltd.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
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KEYWORD: New Jersey
Oklahoma
INDUSTRY KEYWORD: FIN
OTC
SUBJECT CODE: LEG
with everything in order now, the sky is the limit, this is a buying opportunity.
I would expect nothing less from a company like this, they continue to market the best products in their field.
don't be too sure, this company has a very interesting technology.