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PRESS RELEASE

For additional information, contact:
Debra Andersen, Emergent OnLine.
1-703-709-9210 or pr@go-eol.com
For company information: 1-877-WINFRAM

Eurotech Awards Three-Year Outsourcing Contract to Emergent OnLine

Leading Application Service Provider and Platinum Citrix Solutions Consultant Hosts Entire Suite of Applications for Eurotech Ltd.

Reston, Virginia - September 28, 2000
Emergent OnLine, the premier Application Service Provider and leading Citrix (Citrix Systems, Inc., Nasdaq: CTXS) Platinum consulting integrator, announced today that it received an award from Eurotech (Eurotech Ltd., AMEX: EUO), a leading technology holding a marketing company, for application management, hosting and deployment services. The three-year contract enables Eurotech employees to get online access to centrally hosted and managed business-critical applications, including financials, contact management, Microsoft Office productivity and email applications.

“We are pleased to be selected by Eurotech," said Paul Ghostine, co-founder and CEO of Emergent. “Our proprietary AppPortal™ technology enables us to seamlessly deliver any set of applications to virtually any computing device without intrusive client-side installations.”

“Emergent’s expertise in hosting, managing, and delivering our business-critical applications is crucial to our operation,” said Jon W. Dowie, Chief Financial Officer with Eurotech. “EOL’s dedicated server-based hosting services are fundamental to our security and confidentiality needs.”

Under the terms of the three-year agreement, Eurotech will outsource the application hosting and management services, eliminating their need to acquire and implement a costly server and networking infrastructure, and add dedicated IT staff. EOL’s services will reduce Eurotech’s total cost of ownership while providing them with a guaranteed and predictable fee-for-service solution.

About Eurotech
As a leading technology holding and marketing company, EUROTECH, Ltd. (AMEX: EUO) works with scientists and research institutes in Russia, Israel and other countries to develop and commercialize innovative technologies that have widespread or critical application. Eurotech is traded on the American Stock Exchange and the Frankfurt Exchange as EUO. For more information visit our website at www.eurotechltd.com.


About Emergent OnLine
Emergent OnLine, the premier Application Service Provider and Platinum Citrix consulting integrator, provides a variety of strategic solutions aimed at enabling clients to leverage best of breed technologies, resulting in an increased focus on their core competencies. Providing its consultative integration, application hosting, management, and implementation services to such high-powered clients as Nextel, Teligent, Concert, Global One, and RCN, Emergent's focus is to hone technology and transform innovation into a strategic competitive advantage.

The company's lines of service, each with an array of specialized practices, reflect the demands of today's intensely competitive, technology- reliant global marketplace. As a leading Application Service Provider and Platinum Citrix consulting integrator, Emergent also operates a Citrix Authorized Learning Center (CALC) in Northern Virginia. For the latest information about Emergent's services, visit www.go-eol.com or call 1-877-WINFRAM.

 

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