HAUPPAUGE, N.Y., Aug. 24, 2011 /PRNewswire/ -- Eurotech, Ltd.
(EUOT.PK), specializing in creative problem solving for online
properties that utilize video streaming, distribution, and
networking, announces its first acquisition of 2011 with the
purchase of FilmRookie.com.
FilmRookie is the first video network of its kind which pays
users for their uploaded video content. The social networking site
connects makers and sharers of internet video with advertisers, and
rewards them for doing what they do best. FilmRookie.com is also a
video sharing community where members can have a full personal
profile and unlimited channels of their own to share. Members of
the network simply upload a video to FilmRookie, where an
advertisement gets attached and tracked using the unique tracking
technology. The site will keep track of the number of views each
video and its attached advertisement receives on a monthly basis.
Any advertising revenue generated by the video is split 50:50
between the creator of the video and FilmRookie.com and is paid out
to the PayPal account which the user links to their profile.
"This is a very exciting step for the company. I have had my eye
on this online property for quite some time," stated Eurotech CEO
Andrew Muzii.
FilmRookie.com, originally conceived back in 2006, was ahead of
its time. First popping onto the internet scene when YouTube was in
its infancy, FilmRookie.com was just not feasible at the time due
to limitations on integration of video uploading and ad tracking
technology.
Mr. Muzii continued, "I was actually involved with
FilmRookie.com in its early days when it was owned by Camera Crew,
even before Camera Crew was purchased by Encounter Technologies.
The concept was always amazing however I knew it was just not
ready. With the rapid growth of online video technology and the
continued innovation that has occurred since the site was
originally developed, FilmRookie.com is poised to be a major
contender in the social networking space. Video uploading and
sharing is more seamless than ever when crossing over between the
numerous browsers, both on computers and mobile devices, and we
fully intend to roll out a much more improved and fluid user
experience for FilmRookie.com users."
The scheduled re-launch date of FilmRookie.com will be announced
in the coming weeks.
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.
Contact: Andrew Muzii,
361-444-3876, info@eurotechnet.com
SOURCE Eurotech, Ltd.