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Onteco Corporation, ONTC, Announces Pending Additional International Licensing Agreements for its Cutting-Edge NexPhase Intellectual Property

MIAMI May 22, 2012

April 30th $2.9 million dollars

Dror Svorai

About Onteco Corporation                                                                         

Onteco Corporation develop innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing us today generating significant, ongoing profits Energy Saving Lighting Industry February 2011

About NexPhase Lighting, Inc.

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.

Dror Svorai

SOURCE Onteco Corporation

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