Eurotech, Ltd. Announces Contract with Kaltura

HAUPPAUGE, N.Y., Dec. 6, 2011 /PRNewswire/ -- Eurotech, Ltd. (EUOTD.PK), specializing in creative problem solving for online properties that utilize video streaming, distribution, and networking, announces it has signed a contract with Kaltura to handle media storage and streaming to its flagship site www.FilmRookie.com.  

Kaltura specializes in rich media streaming, hosting, transcoding, analytics, and ad serving. Kaltura (http://corp.kaltura.com/) products include video players, video editors (including a collaborative video editor), a content management system, a WordPress plugin, a Drupal module, a Mediawiki extension, and Ruby and PHP frameworks. In essence, Kaltura's open-source video management platform enables organizations to deploy applications that involve video creation, ingestion, publishing, management, syndication, engagement, monetization and analysis.

Mr. Muzii stated: "We are happy to announce this contract. We feel this will be a long term strategic partnership for FilmRookie. This move keeps us in line with our core philosophy of only partnering with the best to ensure we have a world class site, which will become a household name."

This solution will continue to evolve with our future FilmRookie.com needs. Mobile application solutions including HTML 5 support will ensure our media is shared to as many users as possible.  Kaltura has proven to be an industry leader for other major companies such as ABC News, HBO, and Best Buy to name a few.

About Kaltura

Kaltura is a software company based in New York which was founded in 2006.

On December 21, 2007, Kaltura won the People's Choice award (over 250,000 users participated in voting) in the Video Sharing category for the Mashable Open Web Awards. Also in 2007, Kaltura began a partnership with the New York Public Library, whose team was headed by Joshua Greenberg. In 2008, Kaltura was selected as one of the "Global 250 Winners" by AlwaysOn. Kaltura CEO and cofounder Ron Yekutiel was photographed for the article "The Suit, Vers. 3.0" in Esquire Magazine's July 2008 edition.

Kaltura's technology allows publishers and content owners to publish, manage, monetize and analyze their video and other rich-media content. The main components of Kaltura's online video platform are based on open-source software, enabling any site to add advanced video and rich-media capabilities.

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 is 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, [email protected]

SOURCE Eurotech, Ltd.