MIAMI, May 11, 2011 /PRNewswire/ -- Onteco Corporation
(OTC: "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 fixture, attended the pre-bid conference for
the North Lauderdale LED Lighting Project.
The North Lauderdale LED Lighting project is for the procurement
of over two hundred 2x2 LED lighting fixtures. Only those who
attended the pre-bid conference will be allowed to submit a bid and
closed bids will be reviewed on May 25,
2011 at 10:00 AM. Jon Cooper, President of NexPhase, stated, "The
NexSense 2x2 Troffer fits this bid opportunity very well and we are
anxious to submit our proposal to the city." The City of North Lauderdale expects to finalize
bidders in June in order for the City Commission to vote on this
project approval at its June 28th
meeting. The hope is that the whole install will be completed by
September 30th of this year. This
project is funded by ARRA stimulus funds and a Made in America
stipulation is central to this bid opportunity.
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