Coates Power Inc. Ltd. Is Now Duly Established in China

WALL TOWNSHIP, NJ, Sep 24, 2014 (Marketwired via COMTEX) Coates Power Inc. Ltd. (OTCQB: COTE) is now duly established in China at 19 Guishang Road, Xianning City Economic Development Zone Hubi Province, China, Telephone: 011 86 15800657200. Coates International Ltd. is selling a License to the Chinese Entity for $100,000,000.00 USD. License Agreements have already been delivered to China for review. Coates International Ltd. has received a deposit on the non-exclusive license to the Coates CSRV Engine Technology for distribution throughout the Western Hemisphere. COATES POWER INC. LTD. was established for the sole purpose of manufacturing The Coates CSRV Products in China. Coates International Ltd. USA is granting a non-exclusive license to the patented Coates CSRV Engine Technology for distribution rights throughout the Western Hemisphere for $100,000,000.00 USD (One Hundred Million USD) and has already received deposits on the license. Coates International Ltd. will not be involved
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