Eurotech Ltd. (EUOT) (EUOT)

[jmhollen]

Former Chairman and CEO of State Street Research Ralph F. Verni Joins EUROTECH, Ltd. Team

FAIRFAX, Va., Jan 3, 2002 (BUSINESS WIRE) -- EUROTECH, Ltd., (AMEX:EUO), is pleased to announce the engagement of Ralph F. Verni as consultant to management and its Board of Directors in corporate finance and business development.

Mr. Verni brings extensive investment industry experience to Eurotech with his distinguished career in the financial services industry. He served as Chairman, President and CEO of State Street Research for 8 years, commencing in 1992. State Street Research & Management Company is one of the Nation's oldest investment management organizations.

The Boston-based firm is a subsidiary of Metropolitan Life Insurance Company (NYSE: MET, quote, news, chart). Upon his departure in 2000, the firm managed over $56 billion in assets.

Prior to State Street Research, Mr. Verni was Executive Vice President and Chief Investment Officer of New England Life for over 10 years, and President and CEO of Nvest (formerly New England Investment Companies), its investment management holding company. He also spent 16 years in a variety of computer systems and investment management positions at The Equitable.

Mr. Verni is a Chartered Financial Analyst, who received a B.A. from Colgate University and an M.B.A. from Columbia University.

Eurotech's Chairman Chad A. Verdi stated, "The Company is now transitioning from a technology development company to a technology transfer company. We are very pleased with the engagement of Mr. Verni at this critical time to have his vast experience in finance and business on the Team." Mr. Verdi went on to say, "We will be making more additions to strengthen our management team and Board of Directors, as we move forward with our Company's portfolio of technologies."

For additional information about Eurotech and its technologies visit the Company website www.eurotechltd.com.

For More Information Contact Dawn Van Zant at [e-mail] or Call Toll Free 800/665-0411


Website: http:\\www.eurotechltd.com