Coates International, Ltd. Stand-Alone Propane Generator Sets to Go to Troubled Areas Throughout M.E.N.A. -- Coates Is Requesting Full Payment in Advance From Countries in That Area -- Stockholders'' Update
(firmenpresse) - WALL TOWNSHIP, NJ -- (Marketwired) -- 01/14/16 -- (OTC PINK: COTE) ") has requested that all orders for Coates CSRV electric power generator sets from the countries comprising M.E.N.A. (Middle East/North Africa) have payment terms of 50% paid with order and the balance due prior to shipping; delivery dates will then be confirmed.
Coates International, Ltd. President and CEO, Mr. George J. Coates, comments: "We understand that there is no electric power supply in most of these troubled areas in M.E.N.A. However, we are unwilling to build gen sets and ship them out to these areas and countries, if it puts us in the position of having to secure collection of the balance. Sales of all of our products to the countries comprising M.E.N.A. must be fully paid for before shipping commences.
"Some of the parts we are procuring from US manufacturers/suppliers are currently two months behind schedule; a disappointment considering that we strive to procure from US sources. We must be able to compete with other countries around the world in manufacturing efficiency and pricing. This is a vitally important goal that we must achieve if our products and prices are to be competitive around the world.
"Our gen sets have many superior advantages over our competitors, such as:
Substantial reduction in harmful emissions
Multi-fuel and Dual-Fuel systems incorporated
Lower maintenance
Prime time operation and
Extended oil change intervals.
"Management is encouraged by the current opportunities in play right now and anticipates that we will be in a position to start fulfilling orders within the next 90-120 days."
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 .
Coates International, Ltd.
Phone: 732-449-7717
Fax: 732-449-0764
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Datum: 14.01.2016 - 08:32 Uhr
Sprache: Deutsch
News-ID 1408969
Anzahl Zeichen: 4452
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WALL TOWNSHIP, NJ
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Cars
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