Eurotech Ltd (PK:EUOT)

Business Focus: Plastics

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Sector: Basic Materials	Industry: Commodity Chemicals

Company Contact

Address:	8665 Sudley Road #608 MANASSAS VA 20110
Tel:	N/A
Website:	N/A
IR:	N/A

Key People

Carey Naddell Chairman of the Board, President, Chief Executive Officer	Randolph A. Graves Chief Financial Officer, Vice President, Secretary, Director	Paul Childress Vice President, Nuclear and Environmental Division
Teofil Grochowski Director of Business Development

Business Overview

Eurotech, Ltd. is a development-stage technology transfer, holding, marketing and management company formed to commercialize new or existing, but previously unrecognized, technologies, with a particular emphasis on technologies developed by prominent research institutes and individual researchers in the United States, former Soviet Union and in Israel, and to license those technologies for business and other commercial applications principally in the United States, Western and Central Europe, Ukraine and Russia. Since its formation, the Company has acquired development and marketing rights to a number of technologies by purchase, assignments and licensing arrangements. Eurotech's business is divided into three divisions: Nuclear and Environmental Technology Solutions, Security and Safeguards (which is conducted through its Markland Technologies, Inc. subsidiary) and Advanced Performance Materials.

Financial Overview

For the three months ended 31 March 2003, Eurotech Ltd revenues increased from $56K to $323K. Net loss applicable to common stockholders decreased 4% to $2.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Debt Conversion decrease from $390K (expense) to $0K, Consulting Fees decrease of 79% to $82K (expense).

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