HAUPPAUGE, N.Y., Sept. 16, 2011 /PRNewswire/ -- Eurotech, Ltd.
(EUOT.PK), specializing in creative problem solving for online
properties that utilize video streaming, distribution, and
networking, announces today that is has begun initial discussions
for its new Apple iPhone & Android App. for FilmRookie.
This announcement comes just weeks after CEO Andrew Muzii finalized the purchase of
FilmRookie.com and the FilmRookie brand. Eurotech has its sights
set on transforming FilmRookie into a household name, one which
management feels "will be a fun and creative way for users to make
some extra cash."
The underlying technology takes the actual videos uploaded by
users, attaches a small advertisement to it, tracks the number of
views, and calculates the amount of ad revenue generated by each
user. The sites simple premise is to allow anybody with a camera
the ability to monetize their footage.
Mr. Muzii stated: "What we are going for here with the addition
of a new app is a seamless process from shooting a video to getting
paid for the ad revenue it generates. If you look at the history of
the most successful viral videos, ones with tens of millions of
hits are the ones captured in the moment. From the kid in the back
of the car all woozy after the dentist to simple pranks, we can be
their cash register. We are designing this mobile app to share
these once in a lifetime moments caught on camera in a way which
rewards the users like never before. The app will allow them to get
their video up with a traceable advertisement almost
instantaneously so that they are able to monetize the hits right
from the start."
The company plans to begin developing the app. this quarter.
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.
About 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.
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.