ONTC News Onteco Corporation, ONTC, Subsidiary, NexPhase Lighting, Inc., Harvesting Over $100,000 in Con Edison Rebates for Othmer Hall Project

2012-04-19 10:30 ET - News Release

MIAMI, April 19, 2012 /PRNewswire/ -- Onteco Corporation (OTC.QB: "ONTC"), (the "Company", or "Onteco"), announced today that its subsidiary, NexPhase Lighting, Inc. ("NexPhase"), has begun successfully harvesting rebates which will total over $100,000 for its previously announced Othmer Hall Project, for the use of NexPhase's high efficiency, high quality, LED intelligent lighting fixtures. The rebates are from the inclusion of NexPhase's LED products in the Con Edison Marketing Partner program.

"This is an excellent payback for our client in selecting our products, and reaffirms the value of our cutting-edge LED technology," Dror Svorai, President of the Company, stated. "We only recently joined the Con Edison Marketing Partner program in order to take advantage of its many opportunities, and are delighted to have Con Ed's program kicking in by already issuing significant rebate checks to our first, major customer in their region."  He added, "We have no doubt that being able to offer, and demonstrate the issuance of, such rebates on our excellent products will provide a strong purchase incentive to our future customers."