SOURCE: Virmmac

July 27, 2011 09:30 ET

Virmmac, LLC Eyes NexPhase Lighting, Inc. for Breakout Growth

LAPEER, MI--(Marketwire - Jul 27, 2011) - Virmmac, LLC, a Virtual IR, Marketing & Media Company, targets NexPhase Lighting, Inc. (subsidiary of Onteco Corp.) - (OTCQB: ONTC) as a 'Top Company to Watch' in the next four quarters for breakout growth.

NexPhase Lighting, Inc., a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications, is making unprecedented progress the LED lighting market.

Over the last few months, President Jon Cooper has been leading NexPhase in answering the demand for the company's American made LED lighting solutions and is quickly emerging as a top tier company in the LED Lighting marketplace.

According to a *recent intellectual property 'Appraisal Services Report' from Pellegrino & Associates LLC ("Pellegrino") commissioned by NexPhase, the valuation of multiple patent pending NexPhase intellectual property is estimated at approximately $17,200,000.

The key points contained in the Appraisal Services Report are as follows: "The valuation model indicates the fair market value of the intellectual property at a 90% confidence level is between $6,820,229 and $41,109,593, with a mean value of $19,710,311 and a median value of $17,216,091. Pellegrino used the statistical median as its expected value, as it removes the impact of improbable outliers. Therefore, it is the opinion of Pellegrino, based upon a reasonable degree of probability within the valuation profession, that the fair market value of the intellectual property is $17,216,091 using the income approach to value."

*Footnote to above is located at March 31, 2011 10Q
NexPhase recent success has prompted a search for a new facility to relocate the corporate headquarters, main manufacturing and distribution facility to meet the demand of its future business expansion plans.

NexPhase's most recent press release is the latest in a succession of exciting Company news that shows no signs of slowing.

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:

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:

About Virmmac, LLC

Virmmac, LLC ( has created a platform that allows company management to interact effectively with current and potential shareholders, customers, and other media outlets through a seamless integration into an all-inclusive market and media website. We provide clients with the means to leverage their company's profile to create a self-propagating audience for both their company and their stock.

The Virmmac, LLC outlet represents the future of investor relations communication and is proud to be at the forefront of this penny and microcap marketing innovation.

Additional information about Virmmac, LLC including disclaimer and any compensation received is available at

Forward-Looking Statements

This release contains "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, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.

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