| New Business Development (VP) [May 5th] |
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COATES IS PLEASED TO ANNOUNCE ADDITION OF VP, NEW BUSINESS DEVELOPMENT Tuesday, May 5, 2009 - For Immediate Release WALL TOWNSHIP, N.J. – (Market Wire) – Coates International, Ltd. (OTCBB: COTE) is pleased to announce the addition of Ronald Jones, Sr. in the capacity of Vice President, New Business Development, to enhance our strategic marketing function. Mr. Jones has extensive experience and background in building successful sales and service teams to bring new products to mature markets. Mr. Jones has a degree in Automotive and Heavy Equipment from Ferris State University and has earned numerous post-graduate certifications and awards. George J. Coates, CEO and President stated: “The addition of Ron to our staff will greatly bolster our ability to effectively penetrate the markets for our CSRV products throughout the Western Hemisphere.” Mr. Jones’ compensation is contingent upon the success of his efforts. The Company would like to inform readers, that the company is not selling company stock, so it cannot be purchased from the company, the general public can only purchase Coates common stock that is already in the public marketplace and only through a registered broker-dealer. Additional information about the Company, including photos and videos are available at our Coates News website: www.mostadvancedengine.com. Readers may also visit our corporate website at www.coatesengine.com. About Coates International, Ltd.: Coates has been developing over a period of more than 15 years a patented spherical rotary valve CSRV Internal Combustion Engine 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 operate on flare-off gas from oil wells, landfill gas and raw natural gas. The Company is actively engaged in preparing for the commencement of manufacturing of products utilizing this technology.
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