Coates International, Ltd. Is Pleased To Announce That A Well KnownrnInternational Business Entrepreneur, Mr. Nick Kontonicolas, Is To JoinrnThe Coates Board of Directors

摘要

2013 JAN 18 (VerticalNews) -- By a News Reporter-Staff News Editor at Energy Business Journal -- Coates International, Ltd. (NASDAQ OTCBB: COTE) -Coates International, Ltd. is pleased to announce that Mr. Nick Kontonicolas, a well known international business entrepreneur, is to join the Board of Directors of Coates International, Ltd. and become C.O.O. He is a personal friend of George J. Coates for 27 years. He already gave the Company a letter of credit in the amount of $30,000,000 USD and has expressed his intention to bridge finance the start up of limited production of the CSRV industrial natural gas electric power generators for delivery to the oil and gas industry.