HAUPPAUGE, N.Y., Feb. 6, 2012 /PRNewswire/ -- Eurotech, Ltd.
(EUOT.PK), specializing in creative problem solving for online
properties that utilize video streaming, distribution, and
networking, announces today the anticipated transfer by the
President and CEO of his control share block to a private company
which intends to renew and to broaden Eurotech's business plan. The
anticipated purchaser is conducting due diligence at this time. In
the event this transaction is consummated, there will be a change
in management. More details will be publicly disclosed as they
become available.
About Eurotech, Ltd. (EUOT)
Eurotech's strategic mission is to identify and creatively solve
the challenges facing today's businesses that utilize the internet
for online video streaming, distribution, and networking. Eurotech
Ltd. looks to seize new or existing, but previously unrecognized,
web-ideas, and manage these in a manner that ensures their
commercialization by bringing them to the forefront of their
industries. Eurotech strives not to duplicate existing models, but
go far beyond the expectations of the internet consumer, with
mind-blowing technology and new dimensions of interactivity, never
before experienced. Eurotech like everyone else, recognizes the
current, aggressive climb of the social media explosion and are at
the forefront of this rocketing trend.
Safe Harbor: This release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements contained in this release that are not
historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approvals for
anticipated actions.
Contact: Andrew
Muzii, 361-444-3876, info@eurotechnet.com
SOURCE Eurotech, Ltd.