----

----

| U.S. SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549  |
|---------------------------------------------------------------------|

| Onteco Corporation                             |
|------------------------------------------------|
| (Name of small business issuer in its charter) |

| Nevada                                                                           |   | 51-0668045                                                   |
|----------------------------------------------------------------------------------|--------|--------------------------------------------------------------|
| (State or other jurisdiction of incorporation or organization)    |   |     (I.R.S. Employer Identification No.) |

| 19495 Biscayne Blvd.Suite 411Aventura, Florida 33180 |
|------------------------------------------------------|
| (Address of principal executive offices)             |

| (305) 932-9795                    |
|-----------------------------------|
| (Issuer’s telephone number) |

| Securities registered pursuant to Section 12(b) of the Act: |   | Name of each exchange on which registered: |
|-------------------------------------------------------------|--------|--------------------------------------------|
| None                                                        |   |                                       |
|                               |   |              |
| Securities registered pursuant to Section 12(g) of the Act: |
| Common Stock, $0.001                                        |   |                                       |
| (Title of Class)                                            |   |                                       |

|  Large accelerated filer | o | Accelerated filer         | o |
|-------------------------------|---|---------------------------|---|
|  Non-accelerated filer   | o | Smaller reporting company | x |

| Class                |   | Outstanding as of  May 23, 2011 |
|----------------------|--------|-------------------------------------------|
| Common Stock, $0.001 |   | 184,390,258                               |

----

----

----

| Part 1.  FINANCIAL INFORMATION         |                                                                                        |   |   |
|---------------------------------------------|---------------------------------------------------------------------------------------------|--------|--------|
|                                        |                                                                                        |   |   |   |
| Item 1.                                     | Financial Statements                                                                        |   |   |   |
|                              |    Consolidated Balance Sheets                                               |   |   | F-2 |   |
|               |    Consolidated Statements of Operations                                     |   |   | F-3 |   |
|                                        |    Consolidated Statements of Cash Flows                                     |   |   | F-4 |   |
|                                        |    Notes to Consolidated Financial Statements                                |   |   | F-6 |   |
|                                        |                                                                                        |   |   |   |   |
| Item 2.                      | Management’s Discussion and Analysis of Financial Condition and Results of Operations |   |   | 6 |   |
|               |                                                                                        |   |   |   |   |
| Item 3.                      | Quantitative and Qualitative Disclosures About Market Risk                                  |   |   | 13 |   |
|               |                                                                                        |   |   |   |   |
| Item 4.                                     | Controls and Procedures                                                                     |   |   | 13 |   |
|                                        |                                                                                        |   |   |   |   |
| Part II.  OTHER INFORMATION            |                                                                                        |   |   |   |
|               |                                                                                        |   |   |   |   |
| Item 1.                      | Legal Proceedings                                                                           |   |   | 16 |   |
|               |                                                                                        |   |   |   |   |
| Item 1A.                                    | Risk Factors                                                                                |   |   | 16 |   |
|                                        |                                                                                        |   |   |   |   |
| Item 2.                           | Unregistered Sales of Equity Securities and Use of Proceeds                                 |   |   | 16 |   |
|                                        |                                                                                        |   |   |   |   |
| Item 3.                      | Defaults Upon Senior Securities                                                             |   |   | 17 |   |
|               |                                                                                        |   |   |   |   |
| Item 4.       | Reserved and Removed                                                                        |   |   | 17 |   |
|                                        |                                                                                        |   |   |   |   |
| Item 5.                           | Other Information                                                                           |   |   | 17 |   |
|               |                                                                                        |   |   |   |   |
| Item 6.            | Exhibits                                                                                    |   |   | 18 |   |
|               |                                                                                        |   |   |   |   |

----

|                                                         |   | Index  |      |
|--------------------------------------------------------------|--------|--------|-----------|
|                                                         |   |   |      |
|                                                         |   |   |      |   |
|  Consolidated Balance Sheets                            |   |   | F–2 |   |
|                                                         |   |   |      |   |
|  Consolidated Statements of Operations                  |   |   | F–3 |   |
|                                                         |   |   |      |   |
|  Consolidated Statements of Cash Flows                  |   |   | F–4 |   |
|                                                         |   |   |      |   |
|  Consolidated Statements of Stockholders’ Deficit |   |   | F–5 |   |
|                                                         |   |   |      |   |
|  Notes to the Consolidated Financial Statements         |   |   | F–6 |   |

----

|                                                                                                         |   | As ofMarch 31, 2011(unaudited) |      |   | As ofDecember 31, 2010(unaudited) |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------------------------------|-----------|--------|-----------------------------------|--------|
| ASSETS                                                                                                       |   |                           |      |   |                              |   |
| CURRENT ASSETS                                                                                               |   |                           |      |   |                              |   |
|      Cash                                                                           |   | $                              | 55,558    |   |                              | $      | 62,428 |   |
|      Due from NexPhase Lighting                                                     |   |                           | -         |   |                              |   | 35,150 |   |
|      Project Development Costs                                                      |   |                           | 27,600    |   |                              |   | 27,600 |   |
|      Accounts Receivable                                                            |   |                           | 6,900     |   |                              |   | - |   |
|      Prepaid Expenses                                                               |   |                           | 541       |   |                              |   | - |   |
|     TOTAL CURRENT ASSETS                                                                 |   |                           | 90,599    |   |                              |   | 125,178 |   |
|                                                                                                         |   |                           |      |   |                              |   |   |   |
| FIXED ASSETS                                                                                                 |   |                           |      |   |                              |   |   |   |
|      Property and Equipment - Net                                                   |   |                           | 42,098    |   |                              |   | - |   |
|                                                                                                         |   |                           |      |   |                              |   |   |   |
|                TOTAL FIXED ASSETS |   |                           | 42,098    |   |                              |   | - |   |
|                                                                                                         |   |                           |      |   |                              |   |   |   |
| OTHER ASSETS                                                                                                 |   |                           |      |   |                              |   |   |   |
|      Security Deposits                                                              |   |                           | 11,709    |   |                              |   | - |   |
|      Intellectual Property                                                               |   |                           | 2,954,146 |   |                              |   | - |   |
|                                                                                                         |   |                           |      |   |                              |   |   |   |
|                TOTAL OTHER ASSETS |   |                           | 2,965,855 |   |                              |   | - |   |
|                                                                                                         |   |                           |      |   |                              |   |   |   |
| TOTAL ASSETS                                                                                                 |   | $                              | 3,098,552 |   |                              | $      | 125,178 |   |
|                                                                                                         |   |                           |      |   |                              |   |   |   |

| LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                                                                    |   |   |           |   |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------------|--------|--------|--------|
|                                                                                                                                                                                                           |   |   |           |   |   |   |
| CURRENT LIABILITIES                                                                                                                                                                                            |   |   |           |   |   |   |
|      Accounts Payable                                                                                                                                                                 |   | $      | 3,178          |   |   | $      | 1,942 |   |
|      Accrued Interest                                                                                                                                                                 |   |   | 21,917         |   |   |   | - |   |
|      Accrued Employee Compensation                                                                                                                                                    |   |   | 353,000        |   |   |   | 308,000 |   |
|      Notes Payable – 3rd Parties                                                                                                                                                |   |   | 790,005        |   |   |   | 224,855 |   |
|      Notes Payable – Related Parties                                                                                                                                            |   |   | 57,100         |   |   |   | 57,100 |   |
|                                                                                                                                                                                                           |   |   |           |   |   |   |   |   |
|                TOTAL CURRENT LIABILITIES                                                                                            |   |   | 1,225,200      |   |   |   | 591,897 |   |
|                                                                                                                                                                                                           |   |   |           |   |   |   |   |   |
| OTHER LIABILITIES                                                                                                                                                                                              |   |   | -              |   |   |   | - |   |
|                                                                                                                                                                                                           |   |   |           |   |   |   |   |   |
|                TOTAL LIABILITIES                                                                                                    |   | $      | 1,225,200      |   |   | $      | 591,897 |   |
|                                                                                                                                                                                                           |   |   |           |   |   |   |   |   |
| STOCKHOLDERS’ DEFICIT                                                                                                                                                                                    |   |   |           |   |   |   |   |   |
|                                                                                                                                                                                                           |   |   |           |   |   |   |   |   |
|      Preferred Stock, $0.001 Par Value: 100,000,000 Shares Authorized; Zero Shares Issued and Outstanding At December 31, 2010 and 2009, Respectively                                 |   |   |   -       |   |   |   |   - |   |
|      Common Stock, $0.001 Par Values; 750,000,000 Shares and 75,000,000 Shares Authorized; 116,890,258 and 69,990,258 Issued and Outstanding at March 31, 2011 and 2009, Respectively |   |   |   184,390 |   |   |   |   116,890 |   |
|      Paid in Capital                                                                                                                                                                  |   |   | 2,826,632      |   |   |   | 194,132 |   |
|      Accumulated Deficit                                                                                                                                                              |   |   | (1,137,670     | )      |   |   | (777,741 | ) |
|                                                                                                                                                                                                           |   |   |           |   |   |   |   |   |
|                TOTAL STOCKHOLDERS’  DEFICIT                                                                         |   |   | (1,873,352     | )      |   |   | (466,719 | ) |
|                                                                                                                                                                                                           |   |   |           |   |   |   |   |   |
|                TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                    |   | $      | 3,098,552      |   |   | $      | 125,178 |   |

----

|                                                                                                     |   |   For The ThreeMonths EndedMarch 31, 2011(unaudited) |       |   |    For The ThreeMonths EndedMarch 31, 2010(unaudited) |   |       |  CumulativeResults FromDecember 31, 2007(date of inception) toMarch 31, 2011(unaudited) |   |
|----------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------|------------|--------|----------------------------------------------------------------------|--------|------------|----------------------------------------------------------------------------------------------|--------|
|  REVENUE                                                                                            |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |
|      Total Revenue                                                              |   | $                                                              | 45,166     |   |                                                                 | $      | -          |                                                                                         |   | $ | 45,166 |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|  COSTS OF GOODS                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|      Total Costs of Goods                                                       |   |                                                           | 10,306     |   |                                                                 |   | -          |                                                                                         |   |   | 10,306 |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
| GROSS PROFIT                                                                                             |   |                                                           | 34,860     |   |                                                                 |   | -          |                                                                                         |   |   | 34,860 |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
| EXPENSES                                                                                                 |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|      Professional Expenses                                                      |   |                                                           | 31,055     |   |                                                                 |   | 5,000      |                                                                                         |   |   | 122,924 |   |
|      General and Admin Expenses                                                 |   |                                                           | 94,570     |   |                                                                 |   | 59,000     |                                                                                         |   |   | 226,797 |   |
|      Stock-Based Compensation                                                   |   |                                                           | -          |   |                                                                 |   | 107,555    |                                                                                         |   |   | 295,605 |   |
|      Executive Compensation                                                     |   |                                                           | 41,500     |   |                                                                 |   | -          |                                                                                         |   |   | 421,500 |   |
|      Staff Compensation                                                         |   |                                                           | 92,750     |   |                                                                 |   | -          |                                                                                         |   |   | 62,750 |   |
| Total Expenses                                                                                           |   |                                                           | 259,875    |   |                                                                 |   | 171,555    |                                                                                         |   |   | 1,129,576 |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|                OPERATING LOSS |   |                                                           | 225,015    |   |                                                                 |   | 171,555    |                                                                                         |   |   | 1,094,716 |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
| OTHER EXPENSES                                                                                           |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|      Loss on Disposition of Asset                                               |   |                                                           | -          |   |                                                                 |   | 567        |                                                                                         |   |   | 567 |   |
|      Write-off Amount Due from Others                                           |   |                                                           | -          |   |                                                                 |   | -          |                                                                                         |   |   | 1,000 |   |
|      Depreciation                                                               |   |                                                           | 2,415      |   |                                                                 |   | -          |                                                                                         |   |   | 6,215 |   |
|      Interest Expense                                                           |   |                                                           | 10,388     |   |                                                                 |   | -          |                                                                                         |   |   | 35,172 |   |
| Total Other Expenses                                                                                     |   |                                                           | 12,803     |   |                                                                 |   | 567        |                                                                                         |   |   | 42,954 |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
| NET LOSS BEFORE PROVISION FOR INCOME TAXES                                                               |   |                                                           | 237,818    |   |                                                                 |   | 172,122    |                                                                                         |   |   | 1,137,670 |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
| PROVISION FOR INCOME TAXES                                                                               |   |                                                           | -          |   |                                                                 |   | -          |                                                                                         |   |   | - |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
| NET LOSS                                                                                                 |   | $                                                              | 237,818    |   |                                                                 | $      | 172,122    |                                                                                         |   | $ | 1,137,670 |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
| Basic Loss Per Share                                                                                     |   | $                                                              | 0.02       |   |                                                                 | $      | 0.01       |                                                                                         |   |   |   |   |
| Fully Diluted Loss Per Share                                                                             |   | $                                                              | 0.01       |   |                                                                 | $      | 0.01       |                                                                                         |   |   |   |   |
|                                                                                                     |   |                                                           |       |   |                                                                 |   |       |                                                                                         |   |   |   |   |
| Weighted Average Number of Common Shares                                                                 |   |                                                           | 76,396,833 |   |                                                                 |   | 21,041,821 |                                                                                         |   |   |   |   |
| Fully Diluted Weighted Average Number of Common Shares                                                   |   |                                                           | 94,359,012 |   |                                                                 |   | 21,041,821 |                                                                                         |   |   |   |   |

----

|                                                                                                                               |   |  For The ThreeMonths EndedMarch 31, 2011(unaudited) |       |   |   For The ThreeMonths EndedMarch 31, 2010(unaudited) |   |     | CumulativeResults FromDecember 31, 2007(date of inception) toMarch 31, 2011(unaudited) |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|------------|--------|----------------------------------------------------------------|--------|----------|----------------------------------------------------------------------------------------|--------|
| CASH FLOWS FROM OPERATING ACTIVITIES                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |
|      Net Loss                                                                                             |   | $                                                        | (237,818   | )      |                                                           | $      | (172,122 | )                                                                                      |   | $ | (1,137,670 | ) |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
|      Adjustments to Reconcile Net Loss     To Cash Provided (Used) by Operations |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
|      Stock-Based Compensation - Consolidated                                                              |   |                                                     | -          |   |                                                           |   | 107,555  |                                                                                   |   |   | 295,605 |   |
|      Stock-Based Compensation – NexPhase                                                            |   |                                                     | -          |   |                                                           |   | -        |                                                                                   |   |   | (5,550 | ) |
|      Write-off Amounts Due from Others                                                                    |   |                                                     | -          |   |                                                           |   | -        |                                                                                   |   |   | - |   |
|      Disposition of Software                                                                              |   |                                                     | -          |   |                                                           |   | 567      |                                                                                   |   |   | 567 |   |
|      Depreciation                                                                                         |   |                                                     | 2,415      |   |                                                           |   | -        |                                                                                   |   |   | 6,215 |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
|      Increase (Decrease) in Operating       Assets and Liabilities:    |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
|                Accounts Receivable                      |   |                                                     | (6,900     | )      |                                                           |   | -        |                                                                                   |   |   | (6,900 | ) |
|                Prepaid Insurance                        |   |                                                     | (541       | )      |                                                           |   |     |                                                                                   |   |   | (541 | ) |
|                Due To Onteco                            |   |                                                     | -          |   |                                                           |   | -        |                                                                                   |   |   | 87,650 |   |
|                Due From NexPhase Lighting               |   |                                                     | (52,500    | )      |                                                           |   | -        |                                                                                   |   |   | ( 87,650 | ) |
|                Accounts Payable                         |   |                                                     | (1,991     | )      |                                                           |   | -        |                                                                                   |   |   | 500 |   |
|                Accrued Interest                         |   |                                                     | 10,388     |   |                                                           |   | -        |                                                                                   |   |   | 21,917 |   |
|                Accrued Expenses                         |   |                                                     | -          |   |                                                           |   | 64,000   |                                                                                   |   |   | - |   |
|                Sales Tax Payable                        |   |                                                     | 2,678      |   |                                                           |   | -        |                                                                                   |   |   | 2,678 |   |
|                Accrued Employee Compensation            |   |                                                     | 45,000     |   |                                                           |   | -        |                                                                                   |   |   | 353,000 |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
| NET CASH USED BY OPERATIONS                                                                                                        |   |                                                     | (239,269   | )      |                                                           |   | -        |                                                                                   |   |   | (470,179 | ) |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
| CASH FLOWS USED IN INVESTING ACTIVITIES                                                                                            |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
|      Acquisition of Software                                                                              |   |                                                     | -          |   |                                                           |   | -        |                                                                                   |   |   | (567 | ) |
|      Project Development Costs                                                                            |   |                                                     | -          |   |                                                           |   | -        |                                                                                   |   |   | (27,600 | ) |
|      Security Deposits                                                                                    |   |                                                     | (7,589     | )      |                                                           |   | -        |                                                                                   |   |   | (11,709 | ) |
|      Purchase of Office Equipment                                                                         |   |                                                     | (9,954     | )      |                                                           |   | -        |                                                                                   |   |   | (48,313 | ) |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
| NET CASH USED IN INVESTING ACTIVITIES                                                                                              |   |                                                     | (17,543    | )      |                                                           |   | -        |                                                                                   |   |   | (88,189 | ) |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
|      Sale of Common Stock                                                                                 |   |                                                     | -          |   |                                                           |   | -        |                                                                                   |   |   | 5,567 |   |
|      Proceeds from Notes Payable                                                                          |   |                                                     | 235,000    |   |                                                           |   | -        |                                                                                   |   |   | 874,255 |   |
|      Stock Issued to Acquire Subsidiary                                                                   |   |                                                     | 2,700,000  |   |                                                           |   | -        |                                                                                   |   |   | 2,700,000 |   |
|      Conversion of Note Payable                                                                           |   |                                                     | -          |   |                                                           |   | -        |                                                                                   |   |   | (15,400 | ) |
|      Investment in Subsidiary – NexPhase Lighting                                                   |   |                                                     | (2,700,000 | )      |                                                           |   | -        |                                                                                   |   |   | (2,954,146 | ) |
|      Payments on Notes Payable                                                                            |   |                                                     | -          |   |                                                           |   | -        |                                                                                   |   |   | (11,750 | ) |
|      Common Stock Issued – Note Conversion                                                          |   |                                                     | -          |   |                                                           |   | -        |                                                                                   |   |   | 15,400 |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
| NET CASH FROM INVESTING ACTIVITIES                                                                                                 |   |                                                     | 235,000    |   |                                                           |   | -        |                                                                                   |   |   | 613,926 |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH                                                                                                    |   |                                                     | (21,812    | )      |                                                           |   | -        |                                                                                   |   |   | 55,558 |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
| CASH AT BEGINNING OF PERIOD                                                                                                        |   |                                                     | 77,370     |   |                                                           |   | -        |                                                                                   |   |   | - |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
| CASH AT END OF PERIOD                                                                                                              |   | $                                                        | 55,558     |   |                                                           | $      | -        |                                                                                   |   | $ | 55,558 |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
| SUPPLEMENTARY DISCLOSURE OF   CASH FLOW INFORMATION                                                                 |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
|                                                                                                                               |   |                                                     |       |   |                                                           |   |     |                                                                                   |   |   |   |   |
|        Interest Paid                                                                            |   | $                                                        | -          |   |                                                           | $      | -        |                                                                                   |   | $ | - |   |
|        Income Taxes Paid                                                                        |   | $                                                        | -          |   |                                                           | $      | -        |                                                                                   |   | $ | - |   |
|        Stock-Based Compensation                                                                 |   | $                                                        | -          |   |                                                           | $      | 107,555  |                                                                                   |   | $ | 290,055 |   |

----

|                                                               |   | Common Stock |              |   |  AdditionalPaid In |   |          | Accumulated During the Development |   |   |  Total Stockholders’ |   |
|--------------------------------------------------------------------|--------|--------------|-------------------|--------|-------------------------|--------|---------------|------------------------------------|--------|--------|---------------------------------|--------|
|                                                               |   | Shares       |              |   | Amount                  |   |          | Capital                            |   |   | Stage                           |   |   | Deficit |   |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |
| Common Stock Issued Per Court Order Dec. 31, 2007                  |   |         | 567,324           |   |                    | $      | 567           |                               |   | $      | -                               |   |   | $ | - |   |   | $ | 567 |   |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Net Loss for the Year Ended Dec. 31, 2007                          |   |         | -                 |   |                    |   | -             |                               |   |   | -                               |   |   |   | (225 | ) |   |   | (225 | ) |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Balance, Dec. 31, 2007                                             |   |         | 567,324           |   |                    |   | 567           |                               |   |   | -                               |   |   |   | (225 | ) |   |   | 342 |   |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Common Stock Issued Per Court Order Jan. 15, 2008                  |   |         | 1,000,000         |   |                    |   | 1,000         |                               |   |   | -                               |   |   |   | - |   |   |   | 1,000 |   |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Common Stock Issued For Cash Feb. 4, 2008                          |   |         | 4,000,000         |   |                    |   | 4,000         |                               |   |   | -                               |   |   |   | - |   |   |   | 4,000 |   |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Net Loss for Year Ended Dec. 31, 2008                              |   |         | -                 |   |                    |   | -             |                               |   |   | -                               |   |   |   | (3,775 | ) |   |   | (3,775 | ) |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Balance, Dec. 31, 2008                                             |   |         | 5,567,324         |   |                    |   | 5,567         |                               |   |   | -                               |   |   |   | (4,000 | ) |   |   | (3,775 | ) |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Common Stock Issued For Warrants Sept. 22, 2009                    |   |         | 28,571,429        |   |                    |   | 28,571        |                               |   |   | (28,571                         | )      |   |   | - |   |   |   | - |   |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Common Stock Issued For Compensation Sept. 23, 2009                |   |         | 35,851,505        |   |                    |   | 35,852        |                               |   |   | 71,703                          |   |   |   | - |   |   |   | 107,555 |   |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Net Loss for the Year Ended Dec. 31, 2009                          |   |         | -                 |   |                    |   | -             |                               |   |   | -                               |   |   |   | (172,122 | ) |   |   | (172,122 | ) |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Balance, Dec. 31, 2009                                             |   |         | 69,990,258        |   |                    |   | 69,990        |                               |   |   | 43,132                          |   |   |   | (176,122 | ) |   |   | (63,000 | ) |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Common Stock Issued For Conversion of Note Oct. 7, 2010            |   |         |   14,400,000 |   |                    |   |   14,400 |                               |   |   |   1,000                    |   |   |   |   - |   |   |   |   15,400 |   |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Common Stock Issued For Compensation Nov. 25, 2010                 |   |         | 12,500,000        |   |                    |   | 12,500        |                               |   |   | 50,000                          |   |   |   | - |   |   |   | 62,500 |   |
| Common Stock Issued For Consulting Agreement Dec. 1, 2010          |   |         |   16,000,000 |   |                    |   |   16,000 |                               |   |   |   80,000                   |   |   |   |   - |   |   |   |   96,000 |   |
| Common Stock Issued For Consulting Agreement Dec. 1, 2010          |   |         |   4,000,000  |   |                    |   |   4,000  |                               |   |   |   20,000                   |   |   |   |   - |   |   |   |   24,000 |   |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Net Loss for the Year Ended Dec. 31, 2010                          |   |         | -                 |   |                    |   | -             |                               |   |   | -                               |   |   |   | (601,619 | ) |   |   | (601,619 | ) |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Balance, Dec. 31, 2010                                             |   |         | 116,890,258       |   |                    | $      | 116,890       |                               |   | $      | 194,132                         |   |   | $ | (777,741 | ) |   | $ | (466,719 | ) |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Common Stock Issued For Acquisition of Subsidiary – NexPhase |   |         | 67,500,000        |   |                    |   | 67,500        |                               |   |   | 2,632,500                       |   |   |   | - |   |   |   | 2,700,000 |   |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Accumulated Deficit – Subsidiary                             |   |         | -                 |   |                    |   | -             |                               |   |   | -                               |   |   |   | (122,111 | ) |   |   | (122,111 | ) |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Net Loss for the Quarter Ended Mar. 31, 2011                       |   |         | -                 |   |                    |   | -             |                               |   |   | -                               |   |   |   | (234,818 | ) |   |   | (237,818 | ) |
|                                                               |   |         |              |   |                    |   |          |                               |   |   |                            |   |   |   |   |   |   |   |   |   |
| Balance, Mar. 31, 2011                                             |   |         | 184,390,258       |   |                    |   | 184,390       |                               |   |   | 2,826,632                       |   |   |   | (1,137,670 | ) |   |   | 1,873,352 |   |

----

| 1.   | Nature of Operations and Continuance of Business |
|----------------|--------------------------------------------------|

----

| ·   | NexPhase Lighting - Material Contract |
|--------------------|---------------------------------------|

| ·   | NexPhase Lighting - Ingredient Branding and Trademark License Agreement |
|--------------------|-------------------------------------------------------------------------|

----

| ·   | NexPhase Lighting - Patent |
|--------------------|----------------------------|

| ·   | NexPhase Lighting – Intellectual Property Appraisal |
|--------------------|-----------------------------------------------------------|

| 2.   | Summary of Significant Accounting Policies |
|----------------|--------------------------------------------|

----

----

----

----

| 1.       | A lack of  observable market price because of the minimal volume of shares that had been traded on any independent market since inception of the Company, |
|----------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.       | The volatility of  the market price due to the limited marketability of the shares, |
|----------------------------------------|-----------------------------------------------------------------------------------------------|

| 3.       | The number of shares being issued compared to the number of shares of common stock outstanding prior to the stock issuance, |
|----------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|

| 4.       | The unregistered status of the shares which limits the marketability of the shares, |
|----------------------------------------|-------------------------------------------------------------------------------------|

| 5.       | The fact that issuance of the shares may not change who is in control of the Company, and |
|----------------------------------------|-------------------------------------------------------------------------------------------|

| 6.       | The estimated value of the services provided. |
|----------------------------------------|-----------------------------------------------|

| 3.   | Project Development Cost |
|----------------|--------------------------|

| 4.   | Notes Payable – 3rd Parties |
|----------------|-----------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                |   | 2010 |                                            |   | 2009   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------|-------------------------------------------------|--------|--------|--------|
|  · On January 17, 2010 the Company entered into a convertible promissory note with an advisory firm for services rendered in the amount of $59,000. Terms include bonus interest of $5,900, the note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 1,771667 unregistered common shares. Total payments of $11,750 have been made on this note. |   | $    |            53,150 |   |   | $      |            - |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 2010   |                                                                                     |   | 2009   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------|--------|--------|--------|
|  · On February 10, 2010 the Company entered into a convertible promissory note with an engineering firm for services rendered in the amount of $27,600. Terms include bonus interest of $2,760, the note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 1,012,000 unregistered common shares. No payments have been made on this note.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |                30,360                            |   |   |   |                - |   |
|  · On February 10, 2010 the Company entered into a convertible promissory note with a project consultant for services rendered in the amount of $7,800. Terms include bonus interest of $780, the note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 286,000 unregistered common shares. No payments have been made on this note.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |                8,580                             |   |   |   |                - |   |
|  · On February 10, 2010 the Company entered into a convertible promissory note with a web designer for services rendered in the amount of $3,150. Terms include bonus interest of $315, the note is payable on demand and has no stated interest rate or due date. On January 3, 2011 the parties amended the terms and conditions of the promissory note as follows:              The “Note Conversion Price” shall be adjusted from             $0.03 to the par value of the common stock, or $0.001             per share representing 3,465,000 unregistered common             shares. No payments have been made on this note. |   |   |                        3,465 |   |   |   |                        - |   |
|  · On June 7, 2010 the Company entered into a convertible promissory note with an investor in the amount of $10,000. The note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 333,333 unregistered common shares. No payments have been made on this note.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |            10,000                                          |   |   |   |            - |   |
|  · On July 19, 2010 the Company entered into a convertible promissory note with an investor in the amount of $2,500. The note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 83,333 unregistered common shares. No payments have been made on this note.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |            2,500                                           |   |   |   |            - |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2010   |                                                                         |   | 2009   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------|--------|--------|--------|
|  · On November 30, 2010 the Company entered into a convertible promissory note with an investment firm in the amount of $9,300. Terms include bonus interest of $930, the note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.001 per share or 9,300,000 unregistered common shares. No payments have been made on this note.                                                                                                                                                                                                                                                                                      |   |   |              9,300                        |   |   |   |              - |   |
|  · On December 15, 2010 the Company entered into a convertible promissory note with an investment firm in the amount of $7,500. Terms include simple interest at ten percent (10.0%), the note is due on December 15, 2011 and is convertible at the option of the holder at a price which is the greater of (i) twice the par value of the common stock, or (ii) a seventy-five percent discount to the market closing bid price on the date of the conversion notice. No payments have been made on this note.                                                                                                                                                        |   |   |                    7,500   |   |   |   |                    - |   |
|  · On December 23, 2010 the Company entered into a convertible promissory note with an investment firm in the amount of $100,000. Terms include simple interest at ten percent (10.0%), the note is due on December 23, 2011 and is convertible at the option of the holder at a price which is the greater of (i) twice the par value of the common stock, or (ii) a seventy-five percent discount to the market closing bid price on the date of the conversion notice. No payments have been made on this note. · Onteco third-party notes 03-31-2011 · NexPhase third -party notes 03-31-2011 I will detail in next draft... |   |   |                    100,000 |   |   |   |                    - |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |                                                                         |   |   |   |   |   |
| Total Notes Payable – 3rd Parties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $      | 790,005                                                                      |   |   | $      | - |   |

----

| 5.   | Notes Payable – Related Parties |
|----------------|---------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2010   |                                                                                        |   | 2009   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------|--------|--------|--------|
|  · On June 7, 2010 the Company entered into a convertible promissory note with an investor in the amount of $5,000. The note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 166,667 unregistered common shares. No payments have been made on this note.                                                                                                                                                                                                                                                                                                       |   |   |    5,000                                                                     |   |   |   |            - |   |
|  · On July 19, 2010 the Company entered into a convertible promissory note with an investor in the amount of $14,000. Terms include bonus interest of $1,400, the note is payable on demand and has no stated interest rate or due date. On October 7, 2010 the parties amended the terms and conditions of the promissory note as follows: ●  The “Note Conversion Price” shall be adjusted from $0.03 to the par value of the common stock, or $0.001 per share representing 15,400,000 unregistered common shares. On October 7, 2010 the note was converted to 14,400,000 restricted common shares. |   |   |                          - |   |   |   |                          - |   |
|  · On August 5, 2010 the Company entered into a convertible promissory note with an investment firm in the amount of $5,000. Terms include bonus interest of $500, the note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 183,333 unregistered common shares. No payments have been made on this note.                                                                                                                                                                                                                                                        |   |   |    5,500                                                                     |   |   |   |              - |   |
|  · On August 25, 2010 the Company entered into a convertible promissory note with an investment firm in the amount of $4,000. The note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 133,333 unregistered common shares. No payments have been made on this note.                                                                                                                                                                                                                                                                                             |   |   |              4,000                                       |   |   |   |              - |   |
|  · On September 2, 2010 the Company entered into a convertible promissory note with an investment firm in the amount of $20,000. The note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 666,667 unregistered common shares. No payments have been made on this note.                                                                                                                                                                                                                                                                                          |   |   |              20,000                                      |   |   |   |              - |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                 |   | 2010   |   |   | 2009   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|  · On October 13, 2010 the Company entered into a convertible promissory note with an investment firm in the amount of $3,000. The note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 100,000 unregistered common shares. No payments have been made on this note.                                              |   |   | 3,000  |   |   |   |              - |   |
|  · On October 15, 2010 the Company entered into a convertible promissory note with an investment firm in the amount of $11,000. Terms include bonus interest of $1,100, the note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.001 per share or 12,100,000 unregistered common shares. No payments have been made on this note. |   |   | 12,100 |   |   |   |              - |   |
|  · On November 4, 2010 the Company entered into a convertible promissory note with an investment firm in the amount of $2,000. The note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.03 per share or 66,667 unregistered common shares. No payments have been made on this note.                                               |   |   | 2,000  |   |   |   |              - |   |
|  · On November 10, 2010 the Company entered into a convertible promissory note with an investment firm in the amount of $5,000. Terms include bonus interest of $500, the note is payable on demand and has no stated interest rate or due date and is convertible at a rate of $0.001 per share or 5,500,000 unregistered common shares. No payments have been made on this note.    |   |   | 5,500  |   |   |   |              - |   |
| Total Notes Payable – Related Party                                                                                                                                                                                                                                                                                                                                                            |   | $      | 57,100 |   |   | $      | - |   |

| 6.   | Executive Compensation Agreement |
|----------------|----------------------------------|

----

| 7.   | Executive Office Lease |
|----------------|------------------------|

| 8.   | Stockholders’ Deficit and Common Stock |
|----------------|----------------------------------------------|

| ·   | On June 15, 2010, our Board of Directors and shareholders holding a majority of the total issued and outstanding shares of common stock pursuant to written consents in lieu of a meeting approved an amendment to our Articles of Incorporation to increase the authorized capital (the “2010 Amendment”). The 2010 Amendment was filed with the Nevada Secretary of State on July 22, 2010 increasing our authorized capital from 75,000,000 shares of common stock to 350,000,000 shares of common stock, par value $0.001, and 100,000,000 shares of preferred stock, par value $0.001.  As of December 31, 2010 and December 31, 2009, there were a total of 116,890,258 and 69,990,258 common shares issued and outstanding, respectively. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The Company’s first and second stock issuances took place pursuant to the Plan of Reorganization confirmed by the Bankruptcy Court:  On December 12, 2007, the Court ordered the distribution of shares in ONTECO CORPORATION and Subsidiary to all general unsecured creditors of Arrin Systems, Inc.  ("Arrin"), with these creditors to receive one share in InfoSpi for each $2.94 of Arrin’s debt which they held. These creditors received an aggregate of 567,324 shares in the Company on December 31, 2008. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On February 4, 2008 the Company issued a total of 4,000,000 shares of common stock to an Officer and Director in exchange for $4,000 in cash to be used as operating capital for the Company.  The shares were issued at a price of $0.001 per share which is their par value. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The Court also ordered the distribution of shares and warrants in ONTECO CORPORATION and Subsidiary to all administrative creditors of Arrin, with these creditors to receive one share and five warrants in InfoSpi for each $0.10 of Arrin's administrative debt which they held. On January 15, 2008, these creditors received an aggregate of 1,000,000 common shares in the Company and 5,000,000 warrants. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On November 13, 2009 and effective September 22, 2009, our Board of Directors pursuant to unanimous written consent acknowledged the warrants and authorized the exchange of 5,000,000 warrants and issuance of an aggregate 28,571,429 shares of our common stock at a per share price of $0.001 (par value). The 28,571,429 shares of common stock were issued to approximately thirteen non-United States investors in reliance on Regulation S promulgated under the United States Securities Act of 1933, as amended (the “Securities Act”). The shares of common stock have not been registered under the Securities Act or under any state securities laws and may not be offered or sold without registration with the United States Securities and Exchange Commission or an applicable exemption from the registration requirements. The Assignees acknowledged that the securities to be issued have not been registered under the Securities Act, that they understood the economic risk of an investment in the securities, and that they had the opportunity to ask questions of and receive answers from the Company’s management concerning any and all matters related to acquisition of the securities. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On October 28, 2009 and effective September 23, 2009, our Board of Directors pursuant to unanimous written consent authorized the issuance of an aggregate 35,851,505 shares of restricted common stock at $0.003 per share in exchange for prior services rendered including, but not limited to, introduction to potential funding arrangements and various strategic partners. Factors considered by the Board in determining the fair value of the 35,851,515 shares of common stock included: |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1.       | A lack of  observable market price because of the minimal volume of shares that had been traded on any independent market since inception of the Company, |
|----------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.       | The large number of shares being issued compared to the number of shares of common stock outstanding prior to the stock issuance, |
|----------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------|

| 3.       | The Company’s issuance of  28,571,429 shares for 5,000,000 warrants converted to common stock effective September 22,2009 at an issuance price of $0.001 per share, |
|----------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.       | The unregistered status of the shares which limits the marketability of the shares, |
|----------------------------------------|-------------------------------------------------------------------------------------|

| 5.       | The fact that issuance of these shares does not change who is in control of the Company, and |
|----------------------------------------|----------------------------------------------------------------------------------------------|

| 6.       | The estimated value of the services provided. |
|----------------------------------------|-----------------------------------------------|

| ·   | On October 7, 2010, the Board of Directors approved the issuance of 14,400,000 unregistered common shares in accordance with the convertibility provisions contained in a promissory note dated July 19, 2010 in the amount of $14,000 plus bonus interest. In accordance with the terms of the note, the shares were issued at $0.001 per share. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Effective on November 25, 2010, in accordance with the appointment of Dror Svorai as our sole executive officer, President/Chief Executive Officer, Secretary, Treasurer/Chief Financial Officer, and our sole director, we issued an aggregate 12,500,000 shares of restricted common stock to Svorai at $0.001 per share. The Board of Directors evaluated certain factors regarding the issuance including, but not limited to, the following: (i) the 12,5000,000 shares of common stock are restricted and cannot be resold except under the parameters of Rule 144; (ii) the opportunity for successful new business operations for us based upon the engagement of Svorai and the opportunities and business contacts provided to us through his engagement; and (iii) our inability to monetarily compensate Dror Svorai and recognition of his current and continuous dedication and long-term loyalty to us. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On December 1, 2010, we entered into an agreement (the “FIS Agreement”) with Financial Insights & Solutions Inc. (“FIS”). In accordance with the terms and provisions of the FIS Agreement: (i) FIS shall provide consulting services to us in the form of a senior administrator support for business transactions and coordination of outside legal and accounting services and other corporation matters and general business counsel relating to our overall business; (ii) we shall pay FIS an hourly rate of $175.00 for performance of such services; and (iii) issue to FIS 4,000,000 shares of our restricted common stock. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On December 10, 2010, we entered into a consulting agreement (the “CEC Consulting Agreement”) with Corporate Excellence Consulting LLC (“CEC”). In accordance with the terms and provisions of the CEC Consulting Agreement: (i) CEC shall perform such services in connection with business development and marketing and growth capital funding; and (ii) we shall issue to CEC 16,000,000 shares of our restricted common stock. Effective February 22, 2011, we entered into a termination and settlement agreement (the “Termination Agreement”) with CEC. In accordance with the terms and provisions of the Termination Agreement: (i) CEC is to return share certificate no. 1332 evidencing the issuance of the 16,000,000 shares of common stock, which will be cancelled and returned to treasury; and (ii) we shall issue to CEC 2,000,000 shares as settlement for services rendered by CEC to us. As of the date of this Report, the 16,000,000 shares have not been cancelled or returned to treasury. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | On January 18, 2011, our Board of Directors and shareholders holding a majority of the total issued and outstanding shares of common stock pursuant to written consents in lieu of a meeting approved a further amendment to our Articles of Incorporation to increase the authorized capital (the “2011 Amendment”). The 2011 Amendment was filed with the Nevada Secretary of State on January 19, 2011 increasing our authorized capital from 350,000,000 shares of common stock to 750,000,000 shares of common stock, par value $0.001, and 100,000,000 shares of preferred stock, par value $0.001. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Effective on February 14, 2011, the Board of Directors of ONTECO CORPORATION and Subsidiary, a Nevada corporation the (“Company”), approved and authorized the execution of a definitive agreement dated February  14, 2011 (the “Agreement”) among the Company, NexPhase Lighting, Inc., a privately held Florida corporation (“NexPhase”)., and the shareholders of NexPhase (the “NexPhase Shareholders”). In accordance with the terms and provisions of the Agreement: (i) the Company acquired from the NexPhase Shareholders an aggregate 55,622,000 shares of common stock of NexPhase representing the total issued and outstanding shares of NexPhase; (ii) in exchange thereof, the Company issued to the NexPhase Shareholders an aggregate 67,500,000 shares of its restricted common stock generally in proportion to the equity holdings of the NexPhase Shareholders; (iii) NexPhase transferred and assigned to the Company all existing material contracts including those related to distribution, licensing and marketing and those dealing with the grant of rights for the use of any and all intellectual property; (iv) the Company assumed all other assets of NexPhase, including licenses, royalty rights, equipment, product designs, marketing and sale materials, logos, trademarks, copyrights and website; and (v) the Company further assumed all liabilities of NexPhase, including all trade and debt obligations.  Therefore, as of the date of this Current Report, NexPhase has become the wholly-owned subsidiary of the Company. The parties agreed to value the transaction as follows: value based on the patent appraisal and other corporate asset and on-going operations of $18,000,000; agreed discount to value based on the cost to “perfect” the patent and need for additional capital funding to maintain the on-going operations of the subsidiary 85%; agreed value of the transaction: $2,700,000; agreed number of shares issued 67,500,000. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | On March 29, 2011, we filed a Certificate of Amendment with the Nevada Secretary of State in order to change our name from “InfoSpi Inc.” to “Onteco Corporation” (the “Name Change”). The Name Change was effective with the Nevada Secretary of State on March 29, 2001 when the Certificate of Amendment was filed. The Name Change was approved by our Board of Directors pursuant to written conent resolutions dated March 15, 2011 and further approved by certain shareholders holding a majority of our total issued and outstanding shares of common stock pursuant to written consent resolutions dated March 16, 2011. We filed the appropriate documentation with FINRA in order to effectuate the Name Change in the OTC Markets. The Name Change was effected on the OTC Markets April 11, 2011. Our new cusip number is 683311104.Therefore, as of the date of this Report, our trading symbol is “ONTC”. Our management deemed it appropriate to change our name to Onteco Corporation in furtherance of and to better reflect the nature of our new business operations. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | Income Taxes |
|----------------|--------------|

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|                                 |   |   3 Mo. EndedMar. 31, 2011 |    |   | Period From Inception onDec. 31, 2007ThroughMar, 31, 2011 |   |
|--------------------------------------|--------|--------------------------------------|---------|--------|-----------------------------------------------------------|--------|
|                                 |   |                                 |    |   |                                                      |   |
| Net Operating Losses Carried Forward |   | $                                    | 237,818 |   |                                                      | $      | 1,137,630 |   |
| Statutory Tax Rate                   |   |                                 | 37.6    | %      |                                                      |   | 37.6 | % |
| Effective Tax Rate                   |   |                                 | -       |   |                                                      |   | - |   |
| Deferred Tax Asset                   |   | $                                    | 90,000  |   |                                                      | $      | 428,000 |   |
| Valuation Allowance                  |   | $                                    | (90,000 | )      |                                                      | $      | (428,000 | ) |
|                                 |   |                                 |    |   |                                                      |   |   |   |
| Net Deferred Tax Asset               |   | $                                    | -       |   |                                                      | $      | - |   |

| 10.   | Related Party Transactions |
|-----------------|----------------------------|

| 11.   | Commitments and Contingencies |
|-----------------|-------------------------------|

| 12.   | Consulting Agreement |
|-----------------|----------------------|

| 13.   | Subsequent Events |
|-----------------|-------------------|

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| STATEMENT OF OPERATIONS                                        |   | Three Month Periods Ended March 31, 2011 and March 31, 2010 |       |   | For the Period from December 29, 2003 (inception) to March 31, 2011 |
|----------------------------------------------------------------|--------|------------------------------------------------------------------|------------|--------|---------------------------------------------------------------------|
|                                                           |   |                                                             |       |   |                                                                |   |   |   |
| Revenue                                                        |   | $                                                                | 45,166     |   |                                                                | $ | -0- |   |   | $ | 45,166 |   |
| Cost of Goods Sold                                             |   |                                                             | 10,306     |   |                                                                |   | -0- |   |   |   | 10,306 |   |
| Gross Profit                                                   |   |                                                             | 34,860     |   |                                                                |   | -0- |   |   |   | 34,860 |   |
|                                                           |   |                                                             |       |   |                                                                |   |   |   |   |   |
| Expenses                                                       |   |                                                             |       |   |                                                                |   |   |   |   |   |
| Professional expenses                                          |   | $                                                                | 31,055     |   |                                                                | $ | 5,000 |   |   | $ | 122,924 |   |
| General and administrative expenses                            |   |                                                             | 94,570     |   |                                                                |   | 59,000 |   |   |   | 226,797 |   |
| Stock-Based Compensation                                       |   |                                                             | -0-        |   |                                                                |   | 107,555 |   |   |   | 295,605 |   |
| Executive Compensation                                         |   |                                                             | 41,500     |   |                                                                |   | -0- |   |   |   | 421,500 |   |
| Staff Compensation                                             |   |                                                             | 92,750     |   |                                                                |   | -0- |   |   |   | 62,750 |   |
| Operating Income (Loss)                                        |   |                                                             | (225,015   | )      |                                                                |   | (171,555 | ) |   |   | (1,094,716 | ) |
|                                                           |   |                                                             |       |   |                                                                |   |   |   |   |   |
| Other Expenses                                                 |   |                                                             |       |   |                                                                |   |   |   |   |   |
|      Loss on Disposition of Asset     |   | $                                                                | -0-        |   |                                                                | $ | 567 |   |   | $ | 567 |   |
|      Write-off Amount Due from Others |   |                                                             | -0-        |   |                                                                |   | -0- |   |   |   | 1,000 |   |
|      Depreciation                     |   |                                                             | 2,415      |   |                                                                |   | -0- |   |   |   | 6,215 |   |
|      Interest Expense                 |   |                                                             | 10,388     |   |                                                                |   | -0- |   |   |   | 35,172 |   |
| Net Income (Loss)                                              |   |                                                             | (237,818   | )      |                                                                |   | (172,122 | ) |   |   | (1,137,670 | ) |
|                                                           |   |                                                             |       |   |                                                                |   |   |   |   |   |
| BALANCE SHEET DATA                                             |   | March 31, 2011                                                   |       |   | December 31, 2010                                                   |   |   |   |
| Total Assets                                                   |   | $                                                                | 3,098,552  |   |                                                                | $ | 125,178 |   |   |   |
| Total Liabilities                                              |   |                                                             | 1,225,200  |   |                                                                |   | 591,897 |   |   |   |   |   |
| Total Stockholders’ Equity (Deficit)                     |   |                                                             | (1,873,352 | )      |                                                                |   | (466,719 | ) |   |   |

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| (a)   | The new public accounting firm Randall N. Drake, CPA, P.A. has been engaged to review and or audit our restated financial statements beginning with the quarterly report for period ended September 30, 2009. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | The firm engaged an accounting facilitator to assist with: (a) compiling and maintaining our financial records; (b) assisting the bookkeeping staff with proper recording of transactions; (c) maintaining permanent accounting records and proper backup procedures; and (d) providing continuous monitoring of accounting functions throughout the company. In addition, the facilitator will perform a risk assessment which identifies and analyzes the relevant risks management should address in order to achievement of its objectives. The facilitator will also assist with the preparation of written policies and procedures that will help ensure management directives are carried out. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Our President/Chief Executive Officer is serving as the point of communication between us and the audit firm. Communication between our President/Chief Executive Officer and the audit firm’s engagement partner has been established to ensure that the audit is aware of management’s intent and actions. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| EXHIBIT NO.                            | DOCUMENT                                                                                                                                                                                                          |   |
|------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                       |                                                                                                                                                                                                              |   |
| 3.1                                                        | Articles of Incorporation (1)                                                                                                                                                                                     |   |
|                                                       |                                                                                                                                                                                                              |   |
| 3.1.2                                                 | Certificate of Amendment as filed with the Nevada Secretary of State on July 22, 2010.  (2)                                                                                                             |   |
|                                                       |                                                                                                                                                                                                              |   |
| 3.1.3                                            | Certificate of Amendment (2) as filed with the Nevada Secretary of State on January 19,, 2011 (3) .                                                                                                               |   |
|                                                       |                                                                                                                                                                                                              |   |
| 3.2                                                   | Bylaws (1)                                                                                                                                                                                                        |   |
|                                                       |                                                                                                                                                                                                              |   |
| 10.1                                                  | Share Exchange Agreement between InfoSpi  Inc., NexPhase Lighting Inc. and the shareholders of NexPhase Lighting Inc. dated February 14, 2011. (4)                                                      |   |
|                                                       |                                                                                                                                                                                                              |   |
| 10.2          | Letter of Intent dated January 20, 2011 between InfoSpi Inc. and NexPhase Lighting Inc. (5)                                                                                                                       |   |
|                                                       |                                                                                                                                                                                                              |   |
| 16. 1                                                 | Letter from Cornell, Beale and Leigh, LLCdated December 14, 2010.  (6)                                                                                                                                  |   |
|                                                       |                                                                                                                                                                                                              |   |
| 16.2                                                  | Letter from Randall N. Drake, CPA, dated January 5,2011 regarding confirmation of Section 4.02(b)(3). (7)                                                                                                         |   |
|                                                       |                                                                                                                                                                                                              |   |
| 31.1                                                  | Certification  of  Chief  Executive   Officer  Pursuant  toRule 13a-14(a) or 15d-14(a) of the Securities Exchange Act.                           |   |
|                                                       |                                                                                                                                                                                                              |   |
| 31.2                                             | Certification of Chief Financial Officer Pursuant  to  Rule13a-14(a) or 15d-14(a) of the Securities Exchange Act                                                                              |   |
|                                                       |                                                                                                                                                                                                              |   |
| 32.1                                        | Certification  of Chief  Executive  Officer  and Chief Financial Officer Under Section 1350 as Adopted  Pursuant to Section 906 of the Sarbanes-Oxley Act. |   |
|                                                       |                                                                                                                                                                                                              |   |
| (1)                                                        | Incorporated by reference from the Registration Statement on Form 10 filed with the Securities and Exchange Commission on February 28, 2008.                                                                      |   |
| (2)                                              | Incorporated by reference from the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 6, 2010.                                                                              |   |
| (3)                                              | Incorporated by reference from the Current Report on Form 8-K filed with the Securities and Exchange Commission on April 4 , 2011.                                                                                |   |
| (4)                                              | Incorporated by reference from the Current Report on Form 8-K filed with the Securities and Exchange Commission on February 22 , 2011.                                                                            |   |
| (5)                                              | Incorporated by reference from the Current Report on Form 8-K filed with the Securities and Exchange Commission on January 24, 2011.                                                                              |   |
| (6)                                                   | Incorporated by reference from the Current Report on Form 8-K filed with the    Securities and Exchange Commission on December 14, 2010.                                                      |   |
| (7)                                                        | Incorporated by reference from the Current Report on Form 8-K filed with the Securities and Exchange Commission on January 5, 2011.                                                                               |   |

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|                      |   | ONTECO CORPORATION                   |   |
|---------------------------|--------|--------------------------------------|--------|
| Dated: May 23, 2011  | By:    | /s/ Dror Svorai                 |   |
|                      |   | Dror Svorai, Chief Executive Officer |   |
|                      |   |                                 |   |
|                      |   |                                 |   |
| Dated: May 23, 2011       | By:    | /s/ Dror Svorai                      |   |
|                      |   | Dror Svorai, Chief Financial Officer |   |
|                      |   |                                 |   |
|                      |   |                                 |   |

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