Onteco Corporation is focused on the investment in, and the development of, proprietary technologies that target alternative energy marketplaces domestically and globally.
Its current investment focus is within the Energy Saving Lighting Industry. As a result it acquired NexPhase Lighting, Inc., in February 2011.
Onteco Corporation believes that the proprietary technologies and intellectual property of NexPhase represent their potential for rapid entry into the domestic and global markets focused on the energy saving lighting, with the potential for immediate, sustainable revenue growth, cash flows and high return on investment.
Going forward, Onteco Corporation will continue to seek opportunities that represent rapid revenue generation and sustainable competitive advantage in areas of alternative energy generation and energy savings.
July 19 - Onteco Corporation, ONTC, Subsidiary, NexPhase Lighting, Inc., Announces New York University (NYU)-Poly Contract for Othmer Residence Hall is Valued at $356,000
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 providing further financial and project details referencing its previously announced contract to provide product and services to New York University (NYU)-Poly.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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