Stock News Play ~ONTC
Good Morning Traders, we have a news play for you trading right near 52 week low. looking for bounce on news!
Onteco Corporation, ONTC, Closes Acquisition of Cyber Centers Worldwide Corporation
MIAMI, Nov. 8, 2012 /PRNewswire/ – Onteco Corporation (OTC.QB: “ONTC”), (the “Company”, or “Onteco”), announced today that it had closed its acquisition via a share exchange agreement with Cyber Centers Worldwide Corporation, a privately-held Florida corporation, (“CCW”).
Under the terms of the agreement Onteco acquired all of the issued and outstanding capital stock of CCW, in exchange for a number of shares of preferred and common stock of Onteco. CCW is in the business of interactive social gaming on the Internet.
“This acquisition is but the first example of our plan to expand and diversify our ‘portfolio of companies’ in order to add shareholder value,” said Dror Svorai, CEO of Onteco. He added, “We believe that Cyber Centers Worldwide has the capability to rapidly grow our revenue in a fresh and innovative way while building excitement in the new social media marketplace.”
About Onteco Corporation
Onteco Corporation was founded to develop innovative, practical and cost-effective solutions to some of the most significant global environmental and energy challenges today.
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 TM”, 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
RECENT HEADLINES :
Thursday, October 18, 2012
- Onteco Corporation, ONTC, Provides Update on Spin Off of its Subsidiary, NexPhase Lighting, Inc., Via Share Dividend, and Distribution of Information Statement PR Newswire (Thu, Oct 18)
Wednesday, October 10, 2012
- Onteco Corporation, ONTC, Schedules Closing of Acquisition of Cyber Centers International Corporation PR Newswire (Wed, Oct 10)
Thursday, October 4, 2012
- Onteco Corporation, ONTC, Announced Signing of Cooperation Agreement with Advanced Copisa Environmental Corporation PR Newswire (Thu, Oct 4)
Wednesday, October 3, 2012
- Onteco Corporation, ONTC, Provides Update on Spin Off of its Subsidiary, NexPhase Lighting, Inc., and Dividend Distribution of NexPhase Shares PR Newswire (Wed, Oct 3)
Friday, September 14, 2012
- Onteco Corporation, ONTC, Announces Spin Off of its Subsidiary, NexPhase Lighting, Inc., and Dividend Distribution of NexPhase Shares PR Newswire (Fri, Sep 14)
Thursday, September 13, 2012
- Onteco Corporation, ONTC, Enters Into Letter of Intent with Cyber Centers International Corporation PR Newswire (Thu, Sep 13)
Monday, September 10, 2012
- ONTECO CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits EDGAR Online (Mon, Sep 10)
Wednesday, August 29, 2012
- ONTECO CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statements EDGAR Online (Wed, Aug 29)
Saturday, August 25, 2012
- ONTECO CORP Financials EDGAR Online Financials (Sat, Aug 25)
Wednesday, August 22, 2012
- ONTECO CORP Files SEC form 10-K/A, Annual Report EDGAR Online (Wed, Aug 22)
Monday, August 20, 2012
- ONTECO CORP Files SEC form 10-Q, Quarterly Report EDGAR Online (Mon, Aug 20)
