Not really a lot more that I can tell you about it besides it coming off a Stowa watch
Jup.I don't think that Eulit would have made a watch- but I also believe that the bracelet is, as Reggie says, by Eulit. According to Mikrolisk, Eulit-Werk was located in Peiting, Germany, and manufactured bands/bracelets (that's what the German word Armbaender means, doesn't it?).
Mikrolisk - The horological trade mark index