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CGFIA news update has potential.
Colorado Goldfields Inc. Completes Geotechnical Drilling; Engages Expert With Over $500 Million in Revenue From Completed Projects in 2010, for Dry Stack Tailings Detail Design
LAKEWOOD, CO--(Marketwire -08/03/11)- Colorado Goldfields Inc. (OTCQB: CGFIA.PK - News) (Pinksheets: CGFIA.PK - News) announces today that is has completed over 600 feet of geotechnical drilling at the planned 35 acre dry stack tailings repository. Detailed engineering data from material testing and drilling logs of the holes will provide information necessary to ensure the design of a stable facility for permanent storage of mill tailings from the Pride of the West Mill.
The project was conducted by Trautner Geotech LLC. of Durango, Colorado under the supervision of David Trautner, a Registered Professional Engineer in Colorado. Mr. Trautner is an engineering geologist/geotechnical engineer who has been involved in the engineering and construction disciplines in Durango since 1983. His specialty is geologic hazard assessments on sites where development is planned, applying the potential influence of geologic processes and hazards as outlined in Colorado House Bill 1041 among other regulations.
Auger test borings will include a Standard Penetration Test ("SPT") every 5 feet. SPT testing involves driving a standard thick-walled sample tube into the ground at the bottom of a borehole by blows from a slide hammer with standard weight and falling distance. The number of blows needed for the tube to penetrate each 6 inch interval of an 18 inch span is recorded. The sum of the number of blows required for the second and third 6 inches of penetration is reported as "SPT blow count value," commonly termed "standard penetration resistance" or the "N-value." This is how sub-surface stability is measured to ensure safe containment of tailings. Soil samples will be tested in a laboratory to gather the additional data for the design of the dry stack repository.
The work is being conducted under a permit approved by the Colorado Division of Reclamation, Mining and Safety. All of the drill holes will be closed and sealed in accordance with State of Colorado procedures that will protect ground water resources.
Now that the geotechnical drilling is complete, the Company has engaged Allan J. Breitenbach, Senior Geotechnical Engineer and Engineering Geologist, of Ausenco/Vector to construct the detail design of the dry stack tailings repository. Ausenco/Vector is a world leader in geotechnical geomechanical, and geological engineering. Analysis of soil conditions and behaviors are fundamental to any facility performance, and is the main focus of Colorado Goldfields' dry stack repository. Geotechnical characterization, analysis and design are the core of Ausenco Vector's capabilities. Decades of expertise extends to the following areas: Site characterization, Facility siting studies, Physical test work programs, Seismic risk analysis, Earthquake engineering, Engineering and design, Ground support -- open pit and underground, Tunnel and deep, and excavation design. Ausenco Vector's fully accredited north American laboratory is available 24/7 to ensure the fastest possible project completion.
Specifically, project manager Mr. Breitenbach has over 37 years of project experience in site investigations, site selection, design, construction and reclamation of engineered structures in the field of geotechnical engineering and engineering geology. He has been involved in the engineering design and construction of more than 100 earth/rock water storage and tailings dam projects, 120 heap leach and evaporation pond projects, numerous gypsum stacks/waste rock piles, and foundations for power plants, industrial buildings, pipelines and bridges in North, Central and South America, as well as in Eastern Europe, Asia and Africa. Mr. Breitenbach is a professional engineer registered in 9 states in the USA and has published more than 50 technical papers on rock fill and heap leach design, construction and prevention of failures.
This design will be the key component of Colorado Goldfields' permit amendment to be submitted to the Colorado Division of Reclamation, Mining and Safety.
In addition to completing the geotechnical drilling on the dry stack repository, the Company has begun work to replace existing underground water lines at the mill site proper. The underground lines supply water from the Water Storage Tank to: 1) Office Building, 2) Mill Building, 3) Laboratory Building, and 4) Residential House.
Gold stocks
About Colorado Goldfields Inc.
Colorado Goldfields Inc. (OTCQB: CGFIA.PK - News) (http://www.cologold.com) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.
The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking statements
This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-KSB filed on December 27, 2007, and as amended on March 3, 2008, which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml. This press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
CGFIA Volume: 180,326,180 big volume
Bid Ask
0.0004x 0.0005x Colorado Goldfields Inc. Completes Geotechnical Drilling; Engages Expert With Over $500 Million in Revenue From Completed Projects in 2010, for Dry Stack Tailings Detail Design
ACYD news update!
American Community Development Group Adds Advisor With More Than 20 years of Experience to Help Guide Property Expansion
TAMPA, Fla., Aug. 3, 2011 /PRNewswire/ -- American Community Development Group, Inc. (OTC Pinksheets: ACYD) today is very pleased to announced that it is adding Mr. Askia Mohammed Aquil to its advisory board.
Askia Muhammad Aquil, currently Chief Operating Officer for Community Housing Solutions, Inc., (CHS) has over 22 years experience in executive leadership, management and development of housing programs. Askia served 11 years as Executive Director of St. Petersburg Neighborhood Housing Services, Inc., a national NeighborWorks® affiliate and community housing development organization (CHDO).
In his current capacity with CHS, he is working to develop a more than 100 room project focused on American Service Veterans Recovery and Housing. American Community Development Group is in discussions to utilize a portion of its own $2 million dollar, 12% private placement proceeds to assist in this project, among others. Mr. Aquil is also instrumental in our recent corporate discussions regarding expansion into other markets and our access to additional nonprofits groups, agencies and grant funding opportunities.
He previously held the post of Deputy Director of the St. Petersburg Housing Authority where he was employed for 11 years. He gained extensive construction management-related experience as Assistant Project Engineer for two separate entities that together performed $72 million worth of construction on a City of Tampa project. He has served on the Board of Directors of numerous organizations including the Pinellas Homeless Coalition, Homeless Leadership Network and WestCare Florida.
Since 2008, American Community Development Group, Inc. (ACYD.PK) is a socially responsible public company that specializes in real estate investment. We create and sponsor affordable and transitional housing and job creation programs for the nonprofit community and are currently focused on the Florida West Coast. We have positively affected hundreds of lives including, but not limited to, the people of Florida. Our expansion plans include other regional and national affiliations.
"The Company", was founded as a real estate investment company in the Tampa Bay, Florida market. We intend to acquire properties at tremendously discounted prices during the current market down trend. The Company has also received offers to expand its pilot operations to other markets where distressed real estate prices are prevalent. We then increase shareholder value and revenue by using the properties to house the clients of existing nonprofits groups or other agencies.
According to John Folger, President of American Community Development Group, "We are currently acquiring interests in single and multi-family homes, apartment buildings, and other high occupancy commercial real estate properties, all while helping members of our community," he continued. "This approach sits well with both the community and our shareholders because we work directly with the nonprofit community and government agencies to house their clients. This model keeps our properties fully occupied."
For more information please visit our website at www.AmericanCommunityDevelopmentGroup.com.
About American Community Development Group
American Community Development Group (OTC Pinksheets: ACYD) is a hybrid social business model founded by a group of experienced professional managers and principals that acquire or fund businesses, act as consultants to the nonprofit community, and purchase real estate and affordable housing properties for the purpose of housing and employing individuals and families in crisis or challenge. The properties include single and multi family homes, apartments, hotels, and mobile home parks.
Safe Harbor Statement
About Forward-Looking Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the housing market, capacity to collect revenues, competition, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
acyd In his current capacity with CHS, he is working to develop a more than 100 room project focused on American Service Veterans Recovery and Housing. American Community Development Group is in discussions to utilize a portion of its own $2 million dollar, 12% private placement proceeds to assist in this project, among others. Mr. Aquil is also instrumental in our recent corporate discussions regarding expansion into other markets and our access to additional nonprofits groups, agencies and grant funding opportunities.
SMVR Our success depends upon finding mineralized material of commercial size and quality. This includes a determination by our consultant if the mineral claim contains viable mineralization. He will make the determination based upon the results of our exploration. We have not selected a consultant, who will be a mining engineer and supervise our exploration program, as of the date of this prospectus and will not do so until our exploration program is funded, of which there is no assurance. Mineralized material is a mineralized body, which has been delineated by appropriate spaced drilling or underground sampling to support sufficient tonnage and average grade of metals to justify removal. If we don't find mineralized material or we cannot remove mineralized material, either because we do not have the money to do it or because it is not economically feasible to do it, we will cease operations and you will lose your investment.
We must conduct exploration to determine what amount of minerals, if any, exist on our properties and if any minerals which are found can be economically extracted and profitably processed.
The mining claims are without known reserves and the proposed program is exploratory in nature. Exploration and surveying has not been initiated and will not be initiated until we raise additional funding. That is because we do not have money to start exploration. Once the additional financing is identified and secured, we intend to start exploration operations. To our knowledge, our claims have never been mined.
SMVR PLAN OF OPERATION
We are a start-up, exploration stage corporation and have not yet generated or realized any revenues from our business operations.
We will be conducting research in the form of exploration of our claims. Our exploration program is explained below. We are not going to buy or sell any plant or significant equipment during the next twelve months.
Our exploration target is to find an ore body containing gold or other precious and base metals. Until recently, prices of gold, silver and platinum were at their highest prices in years. The price of base metals (copper, lead, zinc, etc.) were at historic highs. Due to the economic unrest and the threat of a serious recession the prices of all of the above have plummeted. Uranium peaked and currently is down in price nearly 50%. Mining prospects that a few months ago would be economically feasible may not be at this time. With these factors being present and the outlook, both near and far being, at best, uncertain we believe that our claims must be reevaluated. The above cautionary statements do not indicate that we intend to abandon the exploration of our claims, but that the prospects of success should be reassessed and investigated further. We plan on entering into discussions with our independent consultants to attempt to make informed decisions regarding the future of the Ruza claims. Coincidental with these discussions, we will investigate the possibilities of attracting further capital in one form or another for exploration of the Ruza Claims. Availability of these funds from the further sale of our common stock, publicly or privately, or via a joint venture will also influence our decision on whether to proceed or not. Should our geological consultants recommend continuation of our exploration program and if, under the present economic circumstances allow us to properly fund ongoing operations, we fully intend on proceeding with our business plan.
SMVR
On June 15, 2011 we entered into a share exchange agreement with the shareholders of Metal Assets S.A. which provides in part for us to acquire all of the issued and outstanding common stock or other equity interests of Metal Assets S.A. to include Surovikino AV Steel Plant No.1, rights of use for all Patents and other assets as per the agreement. In addition, after further review of the financial condition of the Surovikino AV Steel Plant No.2, management determined that it would not be appropriate to move forward with this acquisition at this time due to its potential liabilities. Due to the elimination of these potential liabilities the agreement has subsequently been changed to reflect an increase in the number of shares to be issued to the shareholders of Metal Assets S.A. from 22 million shares of common stock to 72 million shares of common stock. (See definition of "Purchase Price").
Closing of the transaction will be subject to satisfaction of certain conditions precedent including but not limited to the delivery of audited financial statements in compliance with Generally Accepted Accounting Principles in accordance with the rules and regulations as promulgated by the Securities and Exchange Commission.
We will require additional debt and/or equity financing in order to close this transaction. There can be no assurance that we will be able to secure this financing on terms acceptable to the Company or, even assuming that we do secure the financing, that the Sellers will be able to comply with all conditions to closing.
For more detailed information on the transaction, you are urged to review the amended share exchange agreement which is attached hereto as Exhibit 10.1
Pending closing, the Company will concentrate its efforts on studying smart steel technology and develop a business model to further these activities
ontc is holding great!
Volume: 7,671,48 Ask 0.0137x up 7% awesome news out solid potential.
ONTC news tuesday
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
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ONTC, agreed! Working With a Global Commercial Property Owner and Expects That the Total Value of Contracts Will be in Excess of Several Million Dollars!!
ONTC news
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
ONTC 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
ONTC potential for the future prs building movement
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
ONTC news updated
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
ONTC PRS
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
ONTC very possible we have had 0.0145 this company is growing and expanding! id say we have potential could go anywhere
NexPhase"), is working with a global commercial property owner on energy efficiency lighting reviews for their property portfolio.
ONTC 26th news update
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
ONTC news out!
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
ONTC has real potential, has nice room for movement charts are setting for a possible bounce but so far so good, holding bid volume almost 7mil. big action
ONTC news hit. good game plan going on!
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
ONTC
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
ONTC
0.0128x
Volume: 6,308,179m
Bid Ask
0.0128x 0.0132x
ONTC potential news hit if your looking to expand your future..
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
ONTC PRs hit big potential here guy good future
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
ONTC tuesday 26th news updates!
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
ONTC news
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
ONTC
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."
great game plan.
ONTC consolidating but nice 0.0128 could brake the days range if things go right, because we have huge potential, 6.5mil volume, with a strong support
ONTC PRs hit
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
ONTC news hit today tuesday
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
ONTC 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.