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Technology Stocks : EUO - Eurotech, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: CAREYN who wrote (534)	4/14/1999 8:21:00 AM
From: Steve	Respond to of 565

(BSNS WIRE) Eurotech, Ltd. and KRH, Ltd Negotiating Consolidation Eurotech, Ltd. and KRH, Ltd Negotiating Consolidation Business Editors WASHINGTON--(BUSINESS WIRE)--April 13, 1999--Eurotech, Ltd. (OTC BB: EURO) and Kurchatov Research Ltd. (OTC BB: KRHL) announces that they have entered into preliminary discussions regarding a potential business combination between the two entities, including a possible acquisition of Kurchatov Research Holdings, Ltd., ("Kurchatov") by Eurotech, Ltd., ("Eurotech"). The potential benefits of any such combination include, among other things, increased product offerings and enhanced marketing abilities. Eurotech is a technology transfer company with strong scientific alliances in Russia and Israel. Kurchatov is also a technology transfer company, most of whose technologies emanate from Germany. The companies are presently operating in a strategic alliance offering technological solutions for the containment of nuclear waste. The Kurchatov management is presently in the process of completing its European fund raising activities as well as several acquisitions, which together will enable it to meet NASDAQ listing qualifications. The form of any business combination and the terms thereof will be dependent upon certain factors, including the dollar value of Kurchatov's assets. The parties will continue to negotiate the form and terms of a business combination in anticipation of entering into a letter of intent no later than April 30, 1999. --30--SF/ph* CONTACT: Eurotech Ltd., Washington Michael Thomas, 202/625-4382 KEYWORD: DISTRICT OF COLUMBIA NEW YORK INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com