EUROTECH, Ltd. Retains Davis Manafort, Inc. to Strategically Position Nuclear Encapsulation Product EKOR

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For Immediate Release

EUROTECH, Ltd. Retains Davis Manafort, Inc. to Strategically Position Nuclear Encapsulation Product EKOR

VIRGINIA, FAIRFAX, May. 22 -/E-Wire/-- EUROTECH, Ltd (Amex: EUO) has retained the Washington DC-based firm of Davis Manafort, Inc. as a key strategic consultant to

accelerate the radiation-resistant EKOR family of revolutionary encapsulating

materials to market. Davis Manafort has a successful track record in strategic

consulting to domestic and foreign companies seeking business in the United States.

Expertise to undertake this effort comes from years of meeting the varied requirements

of their Fortune 500 client companies -- lobbying, building grassroots coalitions,

winning contracts and building successful joint ventures -- in the United States and

throughout the world. Davis Manafort specializes in the development of market entry

strategies and joint ventures for U.S. companies. Davis Manafort also provides

strategic guidance to access U.S. government financial assistance including working

with the Export Import Bank and Overseas Private Investment Corporation.

The firm is known as a leader in national and presidential politics, survey research

and strategic communication programs. Veterans of U.S. presidential and foreign

electoral campaigns, the firm is active in the international arena providing advice on

issues of geopolitical and business importance. With more than 20 years of Washington

political experience, Davis Manafort is well acquainted with the internal workings of

the executive and legislative branches of the federal government. The strategic

consulting relationship between Eurotech and Davis Manafort is being used to hasten

the EKOR family of products into the nuclear waste marketplace as the solution to some

of the more challenging containment problems in the U.S. and abroad.

Paul Manafort, a principal in Davis Manafort, stated, "I look forward to working

with Eurotech and the EKOR Team. Together we will execute a business strategy to bring

Eurotech's portfolio of products to market, with initial focus on EKOR. The benefits

of the radiation-resistant EKOR will make immediate improvements in nuclear waste

industry methods of containment, transportation, storage and disposal.'

As part of the EKOR commercialization strategy, Paul Childress, who is General Manager of Eurotech's NEWS (Nuclear and Environmental Waste Solutions) Division was

promoted to Vice President of Eurotech. Childress will play a key role in the

operations and marketing effort in environmental remediation starting in the U.S. and

expanding to Europe and Asia. Childress, who is assuming most of the EKOR duties of

the departing Jeff Stephen, stated, "I have the right team members on board to

deliver EKOR and look forward to optimizing our efforts with the contributions of

recognized experts such as Paul Manafort and former DOE Assistant Secretary Leo

EUROTECH Ltd. works with scientists and research institutes in Russia, Israel and

other countries to develop and commercialize innovative technologies that have

widespread or critical application. For more information, visit www.eurotechltd.com on

Certain information and statement included in this release constitute "forward-looking statements' within the meaning of the Federal Privates Securities

Litigation Reform Act of 1995. Such forward-looking statements involve known and

unknown risks, uncertainties and other factors which may cause the actual results,

performance, or achievements of the company to be materially different from any future

results, performance, or achievements expressed or implied in such forward-looking

http://www.eurotechltd.com

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