Coates Moves Forward on Production.WALL TOWNSHIP, N.J. -- Coates International, Ltd. (Coates) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :COTE) - The Coates CSRV CSRV Civil Service Rifle Volunteers (British) CSRV Coates Spherical Rotary Valves engines will run on alternative fuels and a combination of any of the following fuels: Ethanol, Dry Processed Natural Gas, LPG LPG: see liquefied petroleum gas. 1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities. , HD-5, Propane Gas, Digestive Gas, Land Fill Gas, Bio Diesel, Methanol and Hydrogen. We also use synthetic engine oil in the crank case. The Coates CSRV engines do not require or depend on imported foreign oil. (Management believes the CSRV engines will reduce the US dependency on imported foreign oil.) Having completed our research and development efforts for our Coates Spherical Rotary Valve a valve acting by continuous or partial rotation, as in the four-way cock. See also: Rotary (CSRV) Electric Power Industrial Natural Gas Generator, enables us to focus on rapidly entering the production phase of our business. We have now completed a fourth CSRV Engine based on an 855(ci) cubic inch in line 6 cylinder block with Coates' Pistons and Coates' Heads, incorporating the CSRV system technology. This engine, which is turbo charged, has a 10:1 compression ratio. We have performed testing on this engine at 1800 RPM's under load during its "running in" or "break in" period. Well-to-Wire (WWE WWE World Wrestling Entertainment, Inc. (formerly World Wrestling Federation) WWE Witwe (German: Widow) WWE William Webb Ellis (inventor of rugby) WWE World Wide Education WWE Well Woman Exam ), our Canadian customer was contacted and informed of the latest progress and the President of WWE stated that he was anxious to take possession of both of these power units as soon as possible. The President of WWE and other executives, including the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , have made tentative arrangements to visit Coates' facility on Thursday, November 8, 2007. They will spend four days inspecting the CSRV power units running under load on natural gas and switching to alternative fuel combinations. Arrangements are currently being made for the delivery of the latest two Coates CSRV Power Generators to Canada, where they will be installed on gas wells in the field. The President of WWE also reconfirmed to Mr. Coates that they will be requiring 11,000 CSRV Power Generators. This equates to approximately $1.3 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. of revenues for Coates from sales of CSRV generators over an estimated period of five years. WWE has purchased a License from Coates for the exclusive right to use, sell, and lease the Coates CSRV Electric Power Industrial Generators in the territory of Canada. In connection therewith there·with adv. 1. With that, this, or it. 2. In addition to that. 3. Archaic Immediately thereafter. Adv. 1. , WWE paid us aggregate deposits of $1,500,000 USD on both the License Agreement and the Research and Development Agreement covering the application of our patented CSRV technology. The remaining balance due to Coates on the agreements is approximately $8,500,000 USD. About Coates International, Ltd.: Coates has just completed final refinements to a patented spherical rotary valve CSRV Internal Combustion Engine Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. developed over a period of more than 15 years. The underlying CSRV technology was invented by George J. Coates and his son Gregory. The CSRV system is adaptable to combustion engines of many types. This technology is currently adapted to a number of practical applications, including industrial generators powered by engines incorporating the CSRV technology and designed to run on flare-off gas from oil wells, landfill gas and raw natural gas. The Company is actively engaged in planning for production and rollout of these engines. This press release contains forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include market conditions, regulatory approvals, and other risks inherent in our operations. For a discussion of these risks and uncertainties, 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. |
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