Eurotech, Ltd. Announces Purchase of FilmRookie.com

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, [email protected]

SOURCE Eurotech, Ltd.