Financial infrastructure is only one part of establishing Coates International Ltd as a viable manufacturing company. In February of last year, Mr Jack Perkowski joined the Coates organization as a board member. He comes with heavy experience as founder of JFP Holdings, a merchant banking firm focused on China, where he now serves as Managing Partner. JFP Holdings is headquartered in Beijing and has representatives in the United States, Japan and the United Kingdom, and was established to help Western companies bring their products, technology and know-how to China and assist Chinese companies with global expansion. I believe this is what Jack P. has been working on in the background.

The JFP Holdings team, with its management and investment professionals' deep experience in China and significant investment banking experience is uniquely positioned to assist Western companies develop their strategies for the China market and to help them implement and fund their China strategies.

Some of the above was taken from a prior press release. From what I gather, there are many working parts to this business that have to all come together at the same time for production to begin. The making of the product itself is only one of those parts.

Take heart my friends. I believe a PR will be made next week. I don't know to what extent it will be but I have reason to believe we will hear something.

Stay strong and long.