ONTC | Onteco Corp. | Special Alert

Onteco Corp. ONTC

As promised, we bring a brand new sub-penny play this morning, in the form of ONTC. We are thoroughly excited about the potential in this stock. For those wholly unfamiliar with ONTC, here’s a little background on what they do:

The company focuses on alternative energy, both domestically and internationally. Its wholly-owned subsidiary, NexPhase Lighting, Inc. designs and develops proprietary LED (light-emitting diode) lighting fixtures and control systems for large commercial/industrial applications.The company strives to make its products available at the lowest cost, highest efficiency LED fixtures available in the industry. The company is focused on the development of green technology in the field, and the commercial lighting industry is a prime target for an environmentally-sound shift toward less consumptive systems. In a world where policies continue to lean toward cleaner, more efficient use of energy, ONTC is in a prime position to to take full advantage.

Here are a few facts about LED lighting of which you may or may not have been aware:

  • LEDs include up to 60,000 hours of maintenance free lighting, while expending nearly half the energy of standard lighting solutions.
  •    LED fixtures as a result, lead to reduced costs associated with the replacement of standard lamps and tubes for business owners.
  •      LEDs are replacing fluorescent and incandescent lighting systems everywhere; LED light fixtures last twice as long and are just as efficient as fluorescents.
  •      LEDs are 4-6 times more efficient than incandescent, and the tubes do not get especially hot, reducing the potential for fire.
  • The LED lighting industry has been projected to be worth upwards of $20B by 2014.

Apart from the advantages of LED’s over traditional lighting sources, Onteco in particular is doing a lot to ensure success in the marketplace, setting lofty goals for itself. The company intends to reach $150M in sales by the fifth year of production, and has positioned all of the pieces to make that happen. This includes becoming a Government Service Administration Vendor. In essence, what this means, is that when government agencies are in the market to update their lighting standards, Oteco is on the short list of providers to get the job done.

From a stock standpoint, we are excited about the opportunities ONTC could provide. While observing the Level 2 yesterday, we noticed the bid support at .0007 was strengthening, as you can see on the included snapshot below. We also saw some decent size buys at the offer, looking like it wanted to uptick. The stock held a higher low than the previous trading session, holding above the previous day’s low of .0006. Today we are looking to see a continuation of higher lows and added momentum. A low of .0008 this afternoon would reconfirm our assumption that ONTC is ready for a significant uptrend.

We have also provided you with a video presentation of the chart which you can reach by clicking below:

Also take a look at this morning’s press:

MIAMI, Oct. 3, 2012 /PRNewswire via COMTEX/ — Onteco Corporation (OTC.QB: “ONTC”), (the “Company”, or “Onteco”), provided additional information today on the spin-off of its wholly-owned subsidiary, NexPhase Lighting, Inc., (“NexPhase”), by means of a distribution of shares of common stock of NexPhase to the Company’s shareholders of record as of October 14, 2012 (the “Spin Off”), as announced on September 14, 2012.

The Company reports that it had filed the required Information Statement under Section 14(c) of the Securities Exchange Act of 1934, as amended, with the Securities and Exchange Commission (“SEC”), and is currently preparing a response to SEC comments received on the Information Statement. The Company intends to clear these comments as quickly as possible so that it can move forward with sending copies of the Information Statement to its shareholders. As previously stated, it is further contemplated that the shares of common stock of NexPhase to be distributed in the spin-off will be registered with the Securities and Exchange Commission with the result that a market will be created for trading of NexPhase shares and NexPhase will become a fully reporting company>>FULL STORY

For More Info Visit: http://www.onteco.com