Coates International, Ltd. Senior Management Returned From a Three Week Visit to The People's Republic of China Which Included Meetings With Chinese Government Officials and Five Chinese Companies; Coates Management Expressed the Trip to China Was a "Complete Success"
10:39a ET January 5, 2015 (Market Wire) Print
Coates International, Ltd.'s (OTCQB: COTE) (the "Company") senior management has returned from a three week visit to The People's Republic of China. In attendance were Mr. George J. Coates, the Company's President and CEO, Mr. Paul Casagrande, US Plant Manager and Mr. James Pang, the Company's Executive Liaison Agent to The People's Republic of China for the Coates organization. Mr. Pang has also been assigned to manage and control all Coates operations in China. Mr. Coates' comments on the trip: "The Chinese government officials and corporate management rolled out the red carpet from the time we arrived and extended their full hospitality to us. In our meetings with senior government officials, we discussed the Coates Business Plan and the requirements for Coates to establish mass production operations in China. Our plan is to produce various Coates CSRV products in large quantities to fulfill market demand.
"We then traveled to Xianning City to visit Coates Power Inc., Ltd. headquarters. Xianning City, Hubei Province is one of the largest high-tech industrial manufacturing areas in China. It has a skilled labor force, various suppliers for sourcing production parts and a logistics infrastructure already in place, making it a highly desirable location to establish mass production operations for our CSRV products."
More information will be forthcoming in the near future. Photos and a video will be posted on the Coates website www.coatesengine.com. These can be viewed by selecting the Coates Power Inc., Ltd. link under the Company tab of the main menu.
We would like to take this opportunity to wish all of our stockholders and friends a Happy and Prosperous New Year.
There can be no assurance that the Company will be successful in any of its endeavors.
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