MIAMI, Oct. 4, 2012 -- Onteco Corporation (OTC.QB: "ONTC"), (the "Company", or "Onteco"), announced today that it had entered into a Cooperation Agreement with Advanced Copisa Environmental Corporation ("Copisa"), a Canadian corporation and the holder of certain rights to proprietary technology with regards to catalytic pyrolysis technology as applied to the recycling of bulk used tires and non-recyclable plastics.
Under the agreement, Onteco and Copisa will work with one another on developing specific proposals for environmental remediation projects to be submitted to municipalities eager for such technological solutions. Both Copisa and Onteco have a history working on such projects, both in the U.S. and in South America.
"We are very excited about the potential that this agreement presents for Onteco," said Onteco President, Jorge Schcolnik. "Such environmental projects are long term engagements and represent a continuous, significant revenue stream once implemented." Schcolnik concluded, "This agreement with Copisa enables us to better use our historic skills to grow the environmental side of our business."
About Advanced Copisa Environmental Corporation
Advanced Copisa Environmental Corporation, a Canadian corporation, is an engineering, commissioning and operating company, with extensive experience in several key areas of the environmental industry.
Additional information about Advanced Copisa Environmental Corporation is available at: www.advancedcopisa.com
About Onteco Corporation
Onteco Corporation was founded to develop innovative, practical and cost-effective solutions to some of the most significant global environmental challenges. Today, the Company is broadening its operational footprint into rapidly growing consumer markets.
Additional information about Onteco Corporation is available at: www.Onteco.com
Safe Harbor Statement:
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Dror Svorai, CEO
SOURCE Onteco Corporation