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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

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