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

~~May~~July 3018, 2013

Date of Report (Date of earliest event reported)

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, FL		33020
1720 Harrison Street Penthouse A Hollywood, Florida		33020
(Address of principal executive offices)		(Zip Code)

(786) 664-8811

Registrant’s telephone number, including area code

Onteco Corporation

2450 Hollywood Blvd.

Suite 708

Hollywood, Florida 33020

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

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 51. ~~CORPORATE~~REGISTRANT’S ~~GOVERNANCE~~BUSINESS AND ~~MANAGEMENT~~OPERATIONS

ITEM 51.0201 ~~DEPARTURE~~ENTRY OFINTO ~~DIRECTORS~~A ORMATERIAL ~~PRINCIPAL~~DEFINITIVE ~~OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS~~AGREEMENT

~~Effective~~AGREEMENT onFOR ~~May~~EXCHANGE ~~30,~~OF 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.SECURITIES

~~Mr.~~Effective ~~Schcolnik~~on ~~did~~July ~~not~~18, ~~resign~~2013, asthe aBoard ~~result~~of Directors of ~~any~~Intelco ~~disagreement~~Corporation, ~~with~~formerly known as Onteco Corporation, a Nevada corporation (the “Company”), onapproved ~~any~~and ~~matter~~authorized ~~relating~~the toexecution of an agreement for the ~~Company’s~~exchange ~~operations~~of securities (the “Agreement”) with International Wood Corporation, ~~policies~~a orColorado ~~practices.~~corporation ~~Mr.~~("International ~~Schcolnik~~Wood") isand ~~also~~Gorski ~~returning~~Relapse toPrevention Environments, Inc., a Florida corporation and the ~~Company~~majority ~~his~~shareholder ~~share~~of ~~certificate~~International ~~evidencing~~Wood ("Gorski"). In accordance with the ~~issuance~~terms and provisions of anthe ~~aggregate~~Agreement, 50the Company desires to acquire from Gorski 19,~~000~~421,~~000~~444 shares of common stock of International Wood, which ~~has~~represents ~~been~~a ~~reduced~~77.10% toequity ~~25,000~~interest ~~share~~ in ~~accordance~~the ~~with~~total ~~the~~issued ~~1:2,000~~and ~~reverse~~outstanding capital stock ~~split~~of ~~effected~~International ~~May 10~~Wood, ~~2013).~~in ~~The~~exchange ~~shares~~for ofthe ~~common~~issuance ~~stock~~by ~~issued~~the Company to ~~Mr.~~Gorski ~~Schcolnik~~of ~~will~~an beaggregate ~~cancelled~~160,000,000 ~~and~~shares ~~returned~~of torestricted ~~treasury~~common stock of the Corporation.

~~Biography~~Certain conditions precedent must be satisfied prior to closing of the Agreement which generally include, but are not limited to, the performance, satisfaction and compliance by all parties to the Agreement with their respective covenants, agreements and conditions required by the Agreement to be performed or complied with by or before the closing date. The anticipated closing date is July 26, 2013.

~~During~~As ~~the~~a ~~past~~result ~~fifteen~~of ~~years~~consummation of the Agreement, ~~Mr.~~International ~~Baruch~~Wood ~~has~~shall ~~been~~be ~~involved~~acquired inby ~~administrative,~~the ~~managerial~~Company and ~~financial~~become ~~capacities~~a ~~within~~majority-owned ~~the~~subsidiary ~~business~~of ~~industry.~~the MrCompany. ~~Baruch~~The ~~has~~Company ~~considerable~~shall ~~knowledge~~succeed inwithout ~~managing~~other ~~large~~transfer ~~work~~to ~~teams,~~all ~~organizational~~the ~~ability~~rights and ~~development~~property of ~~varied~~International ~~contacts~~Wood, ~~between~~including ~~business~~its ~~communities.~~wholly-owned Hesubsidiary, ~~has~~Norwest ~~the~~S.A. ~~ability~~("Norwest"). toAll ~~[plan~~debts ~~short~~ and ~~long~~liabilities ~~term~~of ~~within~~International ~~the~~Wood ~~global economy, problem analysis~~ and ~~conflict~~its ~~resolution.~~subsidiary HeNorwest ~~also~~shall ~~has~~be ~~superior~~assumed ~~communication~~by ~~and~~the ~~interpersonal skills and is proactive and focus oriented~~Company.

~~From~~SECTION ~~approximately~~9 ~~March~~– ~~2009~~FINANCIAL ~~through~~STATEMENTS ~~August~~AND 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.EXHIBITS

~~From~~Item ~~approximately 2005 through 2008, Mr~~9.01 ~~Baruch~~Financial ~~worked~~Statements ~~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.Exhibits

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.

~~Not applicable~~10.01 Agreement for the Exchange of Securities dated July 18, 2013 by and among Inelco Corporation, International Wood Corporation and Gorski Relapse Prevention Environments, Inc.

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.

	INELCO CORPORATION
DATE: June 5, 2013	By:	/s/ Yosef Baruch
DATE: July 24, 2013	By:	/s/ Yosef Baruch
	Name:	Yosef Baruch
		Name: Yosef Baruch
	Title:	Chief Executive Officer
		Title: Chief Executive Officer

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