InfoSpi, Inc. Changes Name to Onteco Corporation, Symbol, “ONTC”
April 15 2011 - 9:00AM
Business Wire
InfoSpi, Inc. (OTC: “ISPI”), (the “Company”), announced today
that effective Monday, April 11, 2011, the Company had completed
a name change to “Onteco Corporation” which will trade on the
OTC market under the symbol, “ONTC” (OTC: ONTC).
“By this name change, we wanted to signal to the market that we
are no longer the old company, and are pursuing an aggressive
strategy into broader areas of technology that represent a faster
return on investment, such as our NexPhase Lighting, Inc.
acquisition,” said Onteco President and CEO, Dror Svorai. “We
initially filed the name change in our home state of Nevada in late
March, and have been waiting for the processing of the name change
for the OTC market, which we are delighted is now happening.” He
added, “As we move forward, you will see us reposition ourselves in
our industry, and begin to rapidly implement strategies for quicker
sales growth.”
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.
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.