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.

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