Parvus� Parent Company, Eurotech, Announces Plans for Public Offering on Italian Stock Exchange

SALT LAKE CITY, UTAH (USA) and Amaro, UD (Italy) � June 16, 2005 - Parvus Corporation today announced that equity shares of its parent company, Eurotech S.p.A., are expected to begin trading by the end of 2005 on the Italian stock exchange, within the high-growth techSTAR index. Leading the stock placement is Italian investment bank Mediobanco, under the supervision of Borsa Italiana S.p.A.

Eurotech is a provider of pervasive mobile computing technologies for transportation, defense and industrial applications. The Eurotech Group is made up of eight operating units across three continents.

Eurotech was founded in 1992 by Italian physicist Roberto Siagri. Under Siagri�s leadership, the company has steadily grown through organic growth and strategic acquisitions to become the leading global provider of pervasive (or ubiquitous) computing solutions, developing such technologies as compact intelligent computing devices embedded onboard vehicles and aircraft to large, high performance supercomputers that serve the scientific research community.

To facilitate the company�s Initial Public Offering (IPO), Eurotech has appointed the following advisors:

� Mediobanca (sponsor, global coordinator and responsible for the IPO placement)

� Interbanca (financial advisor)

� d'Urso Munari Gatti Studio Legale Associato (legal advisors)

� Vitali Romagnoli Piccardi e Associati (fiscal advisors)

� Community (communications consultants)

� Reconta Ernst & Young (auditors)

For more information about the Eurotech Group, visit http://www.eurotech.com.

About the Eurotech Group

The Eurotech Group is a global family of leading technology companies covering the most important and active market areas across three continents. With operations in Europe, North America and Asia, the Group serves the industrial, transportation, defense, security, aerospace, utilities, and research markets. The Eurotech Group includes Eurotech in Italy and Finland (www.eurotech.it and http://www.eurotech.fi), Parvus in the USA (www.parvus.com), Erim in France (www.erim.fr) as well as Neuricam (www.neuricam.com), Exadron (www.exadron.com), Ascensit (www.ascensit.com), and IPS (www.ipssistemi.it) in Italy.

ABOUT PARVUS

Since 1983, Parvus Corporation has been a strategic systems engineering and development partner for aerospace, defense, transportation, and industrial OEMs. Specializing in the rapid design and production of turnkey embedded computing solutions for harsh environments, Parvus leverages extensive expertise in systems integration and a complete line of rugged PC/104, PC/104-Plus, and PCI-104 computer modules to ensure high reliability and accelerate time-to-market for its customers.

Visit http://www.parvus.com or call 801.483.1533 for more information.

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