UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~October~~May 330, ~~2012~~2013

Date of Report (Date of earliest event reported)

~~ONTECO~~INELCO CORPORATION

(Exact name of registrant as specified in its charter)

Nevada		000-53104		51-0668045
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2450 Hollywood Blvd. Suite 708 Hollywood, Florida		33020
2450 Hollywood Blvd., Suite 708, Hollywood, FL		33020
(Address of principal executive offices)		(Zip Code)

(786) 664-8811

Registrant’s telephone number, including area code

~~19495~~Onteco ~~Biscayne Blvd.~~Corporation

~~Suite~~ (Former ~~411~~name or former address, if changed since last report)

Aventura, Florida 33180

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECTION 15. ~~REGISTRANT’S~~CORPORATE ~~BUSINESS~~GOVERNANCE AND ~~OPERATIONS~~MANAGEMENT

ITEM 15.~~01 ENTRY~~02 ~~INTO~~DEPARTURE AOF ~~MATERIAL~~DIRECTORS ~~DEFINITIVE~~OR ~~AGREEMENT~~PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS

~~MUTUAL~~Effective ~~COOPERATION~~on ~~AGREEMENT~~May 30, 2013, the Board of Directors of Inelco Corporation, formerly known as Onteco Corporation, a Nevada corporation (the "Company"), accepted the resignation of Jorge Schcolnik as the President/Chief Executive Officer, Secretary, Treasurer/Chief Financial Officer and a member of the Board of Directors. Simultaneously, the Board of Directors accepted the consent of Yosef Baruch, who is currently a member of the Board of Directors, as the President/Chief Executive Officer, Secretary, Treasurer/Chief Financial Officer of the Company. Therefore, as of the date of this Current Report, the member of the Board of Directors is Yosef Baruch.

~~Effective~~Mr. onSchcolnik ~~October~~did 3,not ~~2012,~~resign ~~the~~as ~~Board~~a ofresult ~~Directors~~ of ~~Onteco~~any ~~Corporation,~~disagreement awith ~~Nevada corporation (~~the “Company~~”),~~ ~~approved~~on ~~and~~any ~~authorized~~matter ~~the~~relating ~~execution~~to ~~of a two-year mutual cooperation agreement (~~the ~~“Agreement”)~~Company’s ~~with~~operations, ~~Advanced~~policies ~~Copsia~~or ~~Envioronment Corp~~practices., ~~a Canadian corporation ("ADCO")~~Mr. ~~The~~Schcolnik ~~Company~~ is inalso ~~the~~returning ~~business~~to ofthe ~~developing~~Company ~~and~~his ~~operating~~share ~~different~~certificate ~~technologies~~evidencing ~~capable~~the issuance of ~~marketing~~an ~~and~~aggregate ~~manufacturing~~50,000,000 ~~and~~shares ~~further~~of ~~possesses:~~common ~~(i)~~stock, ~~human~~which ~~and~~has ~~financial~~been ~~resources~~reduced ~~relating~~ to ~~equipment~~25,000 ~~manufacturing~~share ~~and~~in ~~sale~~accordance ofwith ~~accessories~~the ~~that~~1:2,000 ~~would~~reverse ~~utilize~~stock ~~ADCO~~split ~~technology;~~effected ~~(ii)~~May ~~a proprietary business model for development of environment remediation projects; and (iii) market~~10, ~~project and business administration development capabilities ("Company Expertise"~~2013). ~~ADCO~~The ~~has~~shares ~~the~~of ~~use,~~common ~~know-how~~stock ~~and~~issued ~~know-why relating~~ to ~~certain~~Mr. ~~catalytic~~Schcolnik ~~pyrolysis~~will ~~technology~~be ~~specifcally~~cancelled ~~feasible for recycling used tires~~ and ~~non-recyclable~~returned ~~plastics~~to ~~(collectively, the "ADCO Technology"~~treasury.

In accordance with the terms and provisions of the Agreement, the Company and ADCO will establish certain fundamental terms, conditions and procedures by which one party (the "Contracting Party") may invite the other party (the "Cooperating Party") to act as a subcontractor with respect to certain projects to be developed by the Contracting Party involving the Company Expertise and the ADCO Technology. Both the Company and ADCO acknowledge that unless a project invitation notice is executed by each of them with respect to a project, neither party shall have any rights or obligations under the Agreement. In consideration of executing and delivering a project invitation notice, the Cooperating Party shall have a right of first refusal over the project during the right of first refusal period. No later that three business days from execution and delivery by each party of a project invitation notice, the Cooperating Party shall deliver to the Contracting Party a written offer setting forth all relevant pricing, technical and commerical terms with respect to the contracted work. Unless the Contracting Party provides the Cooperating Party, within a period of thirty days, with a bona fide and binding agreement executed by a third party setting forth that such third party will perform the subcontracted work on technical and commercial terms and substantially equivalent to those set forth in the offer but at a price at least 10% lower than the price set forth in the offer, the Contracting Party shall be obligated to use the Cooperating Party as its exclusive subcontractor in connection with the work referenced in the project invitation notice.Biography

AsDuring of the ~~date~~past offifteen ~~this~~years, ~~Current~~Mr. ~~Report~~Baruch has been involved in administrative, ~~there~~managerial and financial capacities within the business industry. Mr. Baruch has ~~been~~considerable noknowledge ~~project~~in ~~invitation~~managing ~~notice~~large ~~provided~~work byteams, ~~either~~organizational ~~party~~ability and development of varied contacts between business communities. He has the ability to [plan short and long term within the ~~other~~global economy, problem analysis and conflict resolution. He also has superior communication and interpersonal skills and is proactive and focus oriented.

~~SECTION~~From 9approximately –March ~~FINANCIAL~~2009 ~~STATEMENTS~~through ~~AND~~August ~~EXHIBITS~~2011, Mr. Baruch was the general management consultant at the educational institution in Modi'in Illit-Kiryat Sefer. His duties included office management, supervising employees, negotiating with suppliers, monitoring book keeping and accounting procedures, working with the banking system, human resources management. event planning inventory management and problematic analysis.

From approximately 2005 through 2008, Mr. Baruch worked to establish and manage the educational institution in New York where his duties involved educational management and supervision, office management, building annual budget, negotiating with suppliers, establishing and meeting goals, recruiting and workforce management, human resources management, identifying operational problems and proposing solutions, preparation of curriculum, learning activity planning short and long term , interaction with educational system at all interfaces, including welfare, governmental offices and personnel.

From approximately 2004 through 2005, Mr. Baruch was involved in the diamond business in New York City where his duties included buying and selling merchandise valuation, negotiations, human resource management, inventory management and book keeping. From approximately 2004 through 2003, Mr. Baruch was involved in the food importing company in New York City where his duties included working with US customs authorities and labors, marketing and sales, logistics and warehousing, inventory management and workforce management. From approximately 2003 through 2001, Mr. Baruch established a business importing spices in New York City. From approximately 2001 through 1999, Mr. Baruch was involved in the logistics management industry business events in theaters and from 1999 through 1994 in the clothing industry.

Mr. Baruch was born in Israel and is fluent in English and Hebrew. Mr. Baruch is a graduate of the University Bar - Ilan trend logistics business and from the Graduate College of Management with an emphasis on tending business and marketing initiatives.

SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(a) Financial Statements of Business Acquired.

Not applicable.

(b) Pro forma Financial Information.

Not applicable.

(d) Exhibits.

~~10.01~~Not ~~Mutual Cooperating Agreement dated October 3, 2012 among Onteco Corporation and Advanced Copisa Environment Corp~~applicable.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ONTECO CORPORATION
	INELCO CORPORATION
DATE: January 14, 2013	By:	/s/Jorge Schcolnik
DATE: June 5, 2013	By:	/s/ Yosef Baruch
		Name: Jorge Schcolnik
	Name:	Yosef Baruch
		Title: Chief Executive Officer
	Title:	Chief Executive Officer

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