Onteco Corporation, ONTC, Subsidiary, NexPhase Lighting, Inc., Further Clarifies the Significance of the UL Compliance Approval it Received for it's 2x2 NexSense LED Troffer Series No. TRO75RWD

MIAMI, July 14, 2011 /PRNewswire/ -- Onteco Corporation (OTC.QB: "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 is further clarifying the significance of the UL compliance approval it received for it's 2x2 NexSense LED Troffer Series No. TRO75RWD from Intertek.

Jon Cooper, CEO of NexPhase, stated, "UL compliance approval is an essential safety requirement for LED Luminaries and without it we are unable to reputably sell LED lighting fixtures to our customers. Further, in order to take advantage of the numerous utility rebates programs that are available throughout the country, UL compliance is an essential requirement in the harvesting of many of these rebate programs. Any lighting luminaries that do not have UL compliance are unfit for use and deployment in the commercial and residential marketplace. Specifically as it relates to utility rebates, NexPhase is working very closely with Con Edison in New York and to harvest Con Edison specific rebates UL, LM80 and LM79 approvals are required to avail our customers of these lucrative rebate programs."

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

SOURCE Onteco Corporation

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