Eurotech, Ltd. (EUOTD) Releases Revenue Projections for Sizzling Social Networking Site FilmRookie.com

Eurotech, Ltd. (EUOTD) Releases Revenue Projections for Sizzling Social Networking Site FilmRookie.com

HAUPPAUGE, N.Y., Dec. 1, 2011 /PRNewswire/ -- Eurotech, Ltd. (EUOTD.PK), specializing in creative problem solving for online properties that utilize video streaming, distribution, and networking, today announced gross revenue projections for its flagship site FilmRookie.com for the quarters ending March 31, 2012, June 30, 2012, September 30, 2012, and December 31, 2012.

Andrew Muzii, CEO stated: "FilmRookie.com is going to set the bar for monetizing original video content on the web with its 50:50 revenue sharing business model."

In recent months Eurotech, Ltd. has finalized the design and built out a fully operational platform with all of the core functionality which will give users a seamless flow from video creation to monetization. The system is currently being tested and undergoing market research to fine tune its PR campaign. As the company is gearing up for the much anticipated launch of its FilmRookie.com website, resources are currently at capacity however they anticipate transitioning at least half of the development team to the development of the mobile app by the end of the month.

FilmRookie.com's sales strategy will be a direct reflection of the company's aggressive marketing campaign and will seek to attract the often overlooked YouTube crowd, who have excellent content but are not making money on YouTube. Uniquely placed advertisements will generate a calculated revenue percentage based on the accrued number of overall monthly views and clicks to specific banner ads throughout the FilmRookie.com website.

Three Months Three Months Three Months Three Months
Ending Ending Ending Ending

March 31,2012 June 30, 2012 September 30, 2012 December 31, 2012

Total
Average
Videos
at
End
of
Period: 56,551 226,204 904,816 1,809,632

Gross
Revenue
at
End
of
Period: $113,102 $452,408 $1,809,632 $3,619,264

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, info@eurotechnet.com

SOURCE Eurotech, Ltd.

Eurotech, Ltd.

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