Eurotech, Ltd. (EUOT)

[$treet $inatra]

EUOTD .0002 Eurotech, Ltd. Announces Contract with Kaltura

Dec 6, 2011 11:13:00 (ET)

HAUPPAUGE, N.Y., Dec. 6, 2011 /PRNewswire via COMTEX/ -- 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.

.01 TARGET ON THE CHART: