HAUPPAUGE, N.Y., Sept. 6, 2011 /PRNewswire/ -- Eurotech, Ltd. (EUOT.PK), specializing in creative problem solving for online properties that utilize video streaming, distribution, and networking, announces it has signed a long term consulting contract with V2 Solutions for its flagship site www.FilmRookie.com.
V2 has been helping product companies and technology startups to conceptualize and deliver cutting edge products for years. V2 Solutions provides end to end product engineering services right through the stages of product ideation through product maturity and upgrades and enables rapid development and release of products through their unique development methodology that accelerates time to market for products while keeping development costs to a minimum.
V2's breadth of technology expertise helps them act as a one stop provider for all of their clients product development needs. V2 works on most technology platforms and also have an independent QA services division to validate their deliverables prior to customer handover. V2 prides themselves on being able to service customers ranging from startups to established ISV's.
V2 is focused on quality. Their development processes are tuned to ensure that quality is built into products right from the time they start the engagement. V2 partners with domain experts to test products end to end with the right user stories to ensure that the product satisfies all the business needs that it was designed to satisfy. For more information, visit www.V2Solutions.com
Mr. Muzii stated: "We are pleased with the terms of our agreement and we look forward to a long term fruitful relationship with this world class organization. We are currently in the process of developing the next generation version of FilmRookie.com. We will also be integrating a new video player into the site which will enhance our users overall experience. We will be releasing more details shortly."
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.
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.