EXHIBIT 99.8

                         MANAGEMENT CHANGES AT EUROTECH
             TODD J. BROMS NAMED PRESIDENT & CHIEF EXECUTIVE OFFICER
                                       AND
          DON V. HAHNFELDT AND CHAD A. VERDI ASSUME DUTIES AS CHAIRMAN
                  AND VICE CHAIRMAN OF THE BOARD OF DIRECTORS


FAIRFAX, Va.--(BUSINESS WIRE)--March 1, 2002--Eurotech, Ltd. (AMEX:EUO-news),
www.eurotechltd.com, announced today the appointment of Todd J. Broms as
President and Chief Executive Officer. Most recently, Mr. Broms served as a
consultant to Eurotech, primarily advising the Chairman and Chief Executive
Officer in matters including strategic corporate development and implementation,
means to improve the company's financial condition, the recent private placement
commitment for $2,500,000 Series A 3% Convertible Preferred Stock, corporate
governance matters, operations and the commercialization of technologies, and
contract review and negotiation. He now assumes all day-to-day operating
responsibilities for the Company.

Mr. Broms has over twenty-five years of experience in middle market merchant
banking, corporate finance and advisory services, and real estate investment
banking. He serves or served as President of Broms & Company LLC, Broms Capital
LLC and it's predecessor, Nelson Broms Company, Inc. during which period he
successfully arranged and structured senior and senior stretch financing
commitments aggregating $685 million.

Eurotech is further pleased to announce that the Board of Directors has
appointed Don V. Hahnfeldt to serve as the Company's Chairman, while Chad A.
Verdi will continue to serve the Company in the newly created post of Vice
Chairman. Mr. Hahnfeldt served as Eurotech's president and CEO since July 1999,
and Mr. Verdi served as the Chairman since January 2000. Mr. Verdi, said, "Mr.
Broms has established an extraordinary record of accomplishment over his 30 year
career. We expect he will develop a talented management team at Eurotech and
that his leadership will contribute toward the successful commercialization of
our technologies. His financial acumen should also help us to build a
financially sound company."

Commenting on the recent accomplishments and current status of the company, Mr.
Verdi said, "Over the last twenty-seven months the Company has raised about 23
million dollars, acquired controlling interests in its key technologies, moved
from the OTC Bulletin Board market onto the American Stock Exchange, and
eliminated essentially all of its long term debt. We are now at a stage where
the talent of Mr. Broms in the lead role can take our company to next level."
Todd J. Broms said, "Having known and worked closely with Eurotech's team, I am
pleased to take the leading management position to help accelerate Eurotech
toward its full potential. We have recently made substantial progress to enhance
the financial security of our company given our recent conversion of $3 million
principal amount of Convertible Debentures in full satisfaction of that debt and
our successful completion of a private placement equity commitment for
$2,500,000 shares of Series A 3% Convertible Preferred Stock. I am dedicated to
creating a stream of revenues from the strategic commercialization of our unique
technologies and pursuing new business opportunities to increase shareholder
value."



ABOUT EUROTECH, LTD.
Eurotech develops and markets emerging chemical and electronic technologies
designed to improve the environmental and security sectors. We work with
scientists, engineers and research institutes to identify products and processes
that have unique or superior characteristics. Our portfolio of technologically
advanced products include (i) proprietary materials created to specifically
solve the serious problems of how nuclear and hazardous waste are cost
effectively contained, (ii) advanced performance materials for use in industrial
products such as coatings and paints, and (iii) automatic detection of
explosives and illicit materials for use in Homeland Security.

More information about Eurotech, its technologies and current investor
information may be obtained by visiting the Company's web site at
WWW.EUROTECHLTD.COM.