HONG KONG, March 26 /Xinhua-PRNewswire-FirstCall/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that its subsidiary, Pact Environmental Equipment Co. Ltd., (Pact) presented its environmental equipment and locally-applied engineering solutions at Water, Energy Technology & Environment Exhibition (WETEX) 2008 which was held from March 11th to March 13th 2008, at the Dubai International Convention & Exhibition Centre in Dubai, UAE.
WETEX 2008 is organized by the Dubai Electricity and Water Authority (DEWA), it holds the convergence of decision-makers, representatives from government organizations, policy markers, trade associations and chambers of commerce from all over the world.
During the exhibition, PACT highlighted its innovative package sewage treatment plant COMPACT(TM) MBR (Membrane BioReactor) and MBBR (Moving Bed Biofilm Reactor) systems as well as PACT’s high efficiency belt filter presses, clarifiers, sludge scrapers and decanters. Among the PACT exhibits was a small scale representation of a wastewater treatment plant installed in Kuwait that incorporates components manufactured at PACT. The MBR is of particular interest in the Middle East due to scarcity of fresh water and demand for recycled water generated by the MBR.
The exhibition met PACT’s goals in introducing PACT to thousands of prospects in the Middle East, North Africa and other visitors from Europe, USA and Asia who have presence in the Gulf states. Several serious inquiries were generated and currently being processed by PACT’s proposal department.
About Pact:
PACT, based in Shanghai, is a global provider of environmental solutions for industrial and municipal clients, focusing on water and wastewater treatment. Pact’s capabilities cover design, manufacturing, sourcing, installation and servicing of water/wastewater treatment, water desalination plants and equipment.
Certain statements in this news release regarding the Company’s expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company’s offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company’s own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2006.
CONTACT:
Euro Tech Holdings Company Limited, Hong Kong
T.C. Leung, Chairman and CEO, or Jerry Wong, CFO
Tel: +852-2814-0311
Fax: +852-2873-4887
Website: http://www.euro-tech.com
Pact's Website: http://www.pact-mfg.com
http://www.pactchina.com
