Onteco Corporation, ONTC, Subsidiary, NexPhase Lighting, Inc., is Working With a Global Commercial Property Owner and Expects That the Total Value of Contracts Will be in Excess of Several Million Dollars

MIAMI, July 26, 2011 /PRNewswire/ -- Onteco Corporation (OTC.QB: "ONTC"), (the "Company", or "Onteco"), announced today that its subsidiary, NexPhase Lighting, Inc. ("NexPhase"), is working with a global commercial property owner on energy efficiency lighting reviews for their property portfolio.

Dror Svorai, CEO of Onteco, stated, "NexPhase has been asked to perform and to provide energy efficient lighting retrofit solutions for a global commercial property owner. NexPhase was selected for its superior product offerings that meet all required safety and performance standards. In addition our engineering and design excellence allows us to perform these activities in a timely and efficient manner. We have already started the process and to date have provided several substantive proposals for selected facilities. We will continue this process over the next several periods and fully expect that we will have contracts to announce in the coming quarter. The economics of our solutions are very compelling and the ROI (Return on Investment) for these projects are often less than two years. We expect that the total value of contracts yielded from this relationship will be in excess of several million dollars."  

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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