SOURCE: Onteco Corporation

Onteco Corporation

July 18, 2011 08:45 ET

Onteco Corporation, ONTC, Subsidiary, NexPhase Lighting, Inc., Announces Completion of Delivery of Product to 1050/1060 Brickell

MIAMI, FL--(Marketwire - Jul 18, 2011) - Onteco Corporation (OTCQB: ONTC) (PINKSHEETS: ONTC), (the "Company," or "Onteco"), announced today that its subsidiary, NexPhase Lighting, Inc. ("NexPhase"), a designer, developer and manufacturer of high efficiency, high quality LED intelligent lighting fixtures, has completed the delivery of product to 1050/1060 Brickell.

Ty Ramsey, COO of NexPhase, stated, "We have successfully completed the delivery of the product to 1050/1060 Brickell. We are happy to report that this installation of NexPhase LED product is expected to save 1060 Brickell over $ 425,000.00 of energy, maintenance and HVAC costs over the next five years. Brickell was a perfect application for our LED product and these types of installations further substantiate why LED is gaining traction in the lighting marketplace and continuing to undergo rapid deployment. Our sales strategy is to continue to implement a proactive selling strategy and we will have some exciting sales announcements to make in the coming period."

About Onteco Corporation
Onteco Corporation was founded to develop innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing us today. Additionally, these solutions must show promise of generating significant, ongoing profits for the company. The company determined that one industry that meets these criteria is the Energy Saving Lighting Industry, and as a result acquired NexPhase Lighting, Inc., in February 2011.

Additional information about Onteco Corporation is available at: www.Onteco.com

About NexPhase Lighting, Inc.
NexPhase Lighting, Inc. is a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications. It believes its products will be the lowest cost, highest efficacy fixtures available in the LED Lighting Industry. All NexPhase lighting products incorporate its proprietary "NexSense Technology ™," which provides benefits well beyond the generally acknowledged advantages of all other LED lighting fixtures. NexSense control systems use a unique, "patent pending" wireless protocol, which provides for an unsurpassed reduction in architecture and infrastructure installation cost in commercial applications, as well as significantly reduced maintenance and ongoing operation costs.

For more information about NexPhase Lighting, Inc. visit: http://www.nexphaselighting.com

Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

Contact Information

  • CONTACT:
    Onteco Corporation
    Dror Svorai
    President
    (305) 932-9795