Coates International Signs Agreement for Cash Incentives of up to $787,526,057 with...

Coates International Signs Agreement for Cash Incentives of up to $787,526,057
with the State of Oklahoma Department of Commerce

WALL TOWNSHIP, N.J., March 30 /PRNewswire-FirstCall/ -- Coates International,
Ltd. "The Company" (OTC Bulletin Board: COTE) is pleased to announce that on
March 24, 2009 the Company signed an agreement with the Executive Director,
Secretary of Commerce of the State of Oklahoma for a cash incentive package of
$787,526,057 US Dollars for setting-up the Coates International Manufacturing
and Production Operations and for the creation of new quality jobs in that
state. Senior management of the Company plan to visit with the Executive
Director of Commerce and other Executives of the State of Oklahoma within
approximately 45 days.

Management will inspect the Industrial Complex to determine if the complex and
location is suitable for Coates International Manufacturing-Production
Operations. Determining the amount of start-up funding and acquiring it is
just one of many obstacles; the Company is already in-touch with the Federal
Department of Commerce.

A Stockholders update will be issue soon. Additional information about the
Company including photos and videos are available at the Coates News website
www.mostadvancedengine.com. Readers may also visit our corporate website at
www.coatesengine.com.

SOURCE Coates International, Ltd.

Sharon Arena of Coates International, Ltd., +1-732-449-7717, or
info@coatesengine.com