"We continue to fulfill our commitment to our shareholders by providing on-time information about their Company to them," said Onteco President and CEO Dror Svorai. He added, "As important, our first quarter's report shows significant progress in our corporate development, and the beginnings of revenue generation from our NexPhase intellectual property." He added, "We have gained traction since the start of the year and believe that we are building significant sales and marketing momentum as well. This is going to be a very exciting year for all of us."