|By Marketwired .||
|July 2, 2014 02:45 PM EDT||
WALL TOWNSHIP, NJ -- (Marketwired) -- 07/02/14 -- Coates International, Ltd. ("the Company") (OTCQB: COTE) -- Coates International, Ltd. (the "Company") is pleased to announce an agreement with Southridge Partners II LP ("Southridge"), which establishes a $10 million equity line of credit financing facility.
- Pursuant to this Equity Purchase Agreement, Southridge shall commit to purchase up to $10,000,000 of the Company's stock over the course of 36 months. The Company is required to register the shares of common stock with the Securities and Exchange Commission ("SEC"). Details of the agreement can be found on the Company's report being filed on Form 8-K with the Securities and Exchange Commission tomorrow.
- George J. Coates President & CEO, stated, "The funds will be accessed at our sole option for our manufacturing of industrial generators in the USA."
- The company is forging ahead with the Chinese $100,000,000 transaction. Licenses are being drawn up at this moment and a deposit is to be received by the 15th of this month. One COATES CSRV® industrial natural gas generator will be shipped to China. The industrial complex in China for the COATES production plant has already been selected and it is approximately one square mile. This gives the company the ability to manufacture all engine applications from the smallest to the largest industrial engines, including marine applications. More information on the Chinese transaction will be forth coming.
There can be no assurance that the Company will be successful in consummating this license agreement.
Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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.
Coates International, Ltd.
Jul. 29, 2016 07:45 AM EDT Reads: 947
Jul. 29, 2016 07:30 AM EDT Reads: 991
Jul. 29, 2016 07:30 AM EDT Reads: 552
Jul. 29, 2016 07:15 AM EDT Reads: 1,618
Jul. 29, 2016 06:45 AM EDT Reads: 2,354
Jul. 29, 2016 05:00 AM EDT Reads: 1,422
Jul. 29, 2016 04:45 AM EDT Reads: 2,565
Jul. 29, 2016 04:45 AM EDT Reads: 2,360
Jul. 29, 2016 04:30 AM EDT Reads: 1,406
Jul. 29, 2016 04:15 AM EDT Reads: 2,676
Jul. 29, 2016 03:45 AM EDT Reads: 1,041
Jul. 29, 2016 02:45 AM EDT Reads: 1,600
Jul. 29, 2016 02:30 AM EDT Reads: 1,462
Jul. 29, 2016 02:00 AM EDT Reads: 1,683
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Jul. 29, 2016 12:30 AM EDT Reads: 1,705