Coates International, Ltd. Provides Update on $300,000,000 USD Bond Issue Deal

• Press Release
• Source: Coates International, Ltd.
• On 7:00 am EDT, Tuesday October 27, 2009

WALL TOWNSHIP, N.J., Oct. 27 /PRNewswire-FirstCall/ -- Coates International, Ltd. (OTC Bulletin Board: COTE - News) - Coates International, Ltd. (the "Company") signs deal with a (separate independent entity) to process a bond offering. The company is pleased to receive a substantial amount of interest regarding the bond offering, however, in accordance with certain Securities & Exchange Commission rules, Coates International can not divulge any information to individuals. Since Coates International, nor any of its employees are permitted to discuss the Bond Offering, the company is pleased to provide the following information:

• It is a separate entity that is selling these bonds and not the Coates company.
• This entity only does this type of bond issuing deals for companies that have immense growth potential, such as Coates International, Ltd.
• Coates expects a large number of new quality job creations.
• Will assist numerous companies and lower the consumption of fossil fuels.
• Our technology that lowers the production of harmful emissions that are emitted into our atmosphere.
• Power and propulsion systems that utilize alternative fuels.

Coates International, Ltd. and its CSRV engines and technology fit into this type of deal perfectly. That is why they picked the Coates Company for this bond issue deal. The Company was informed that this Bond Issue Deal should be completed within 90 days from the date of signing. More information on use of proceeds will be reported soon.

Fax: 732-449-7736

or

Email: info@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.

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. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include market conditions, regulatory approvals, and other risks inherent in our operations. For a discussion of these risks and uncertainties, 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.

    Contact:
    Coates International, Ltd.
    Alicia Ansbach, 732-449-7717
    info@coatesengine.com

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