Coates International Signs Agreement for Cash Incentives of Up to $787,526,057 With the State of Oklahoma Department of

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Mon Mar 30, 2009 4:09pm EDT 

  WALL TOWNSHIP, NJ, Mar 30 (MARKET WIRE) -- 
Coates International, Ltd. ("The Company") (OTCBB: 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 issued soon. Additional information about
the Company, including photos and videos, is available at the Coates News
website at www.mostadvancedengine.com. Readers may also visit our
corporate website at www.coatesengine.com.

    

Contact:
Coates International, Ltd.
Sharon Arena
732-449-7717
info@coatesengine.com

Copyright 2009, Market Wire, All rights reserved.

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