Navigation Links
DATATRAK International, Inc. Announces 2008 Third Quarter and Nine Month Operating Results
Date:11/6/2008

tiations with each lessor. Further, severance charges of $47,000 were recorded during the quarter relating to the elimination of six positions.

In addition, the Company's financial results for the third quarter of 2008 were negatively impacted by ongoing legal costs of approximately $234,000 associated with the previously disclosed disputes between DATATRAK and certain of the former shareholders of ClickFind, Inc. related to the 2006 Merger Agreement (the "Merger Agreement") between DATATRAK and ClickFind. On September 11, 2008, the Company filed a lawsuit against certain of the former ClickFind shareholders including a former executive officer and other current employees of the Company who are also holders of the ClickFind Notes (the "Indemnifying Shareholders"), claiming willful and fraudulent failure to disclose material information in connection with the acquisition of ClickFind. On October 10, 2008, the Indemnifying Shareholders filed their answer and counterclaim with the court to the claims presented by the Company in its lawsuit. For the nine months ended September 30, 2008, legal costs associated with these disputes was approximately $526,000.

As permitted by the Merger Agreement, the Company has provided notice of offset against the remaining $3,000,000 ClickFind Notes obligation to the Indemnifying Shareholders as partial satisfaction of the Company's claims for indemnification against the Indemnifying Shareholders. In addition, pursuant to the terms of the Merger Agreement, the Company also believes it is entitled to reimbursement of the legal fees and costs incurred related to these matters of approximately $544,000. Consequently, the Company withheld the May 1, 2008, August 1, 2008 and November 1, 2008 interest payments, totaling approximately $147,000. The Indemnifying Shareholders have disputed both the Company's right to indemnification and its right to offset the interest payments and the ClickFind Notes. As such, the attached condens
'/>"/>

SOURCE DATATRAK International, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9

Related medicine news :

1. DATATRAK International Management to Host Conference Call on November 6, 2008 to Discuss Third Quarter and Nine Month Operating Results for 2008
2. DATATRAK International, Inc. Receives Notice From Nasdaq
3. Ease-of-Use and Intuitive Nature of the DATATRAK eClinical(TM) Platform Allows for Further Operational Efficiencies
4. DATATRAK Announces Restructured Senior Management Team
5. DATATRAK International Reports Fourth Quarter and Full Year Results for 2007
6. DATATRAK International Management to Host Conference Call on February 26, 2008 to Discuss Fourth Quarter and Full Year Operating Results for 2007
7. DATATRAK Closes Second Multi-Year Enterprise Agreement with European Clinical Trial Sponsor
8. DATATRAK to Present at the Roth Capital Partners 20th Annual Orange County Stock Conference
9. DATATRAK International Launches Innovative, Interactive Educational Webcast Series
10. DATATRAK International, Inc. Announces 2007 Third Quarter and Nine Month Operating Results
11. DATATRAK International Management To Host Conference Call on November 8, 2007 To Discuss Third Quarter and Nine Month Operating Results for 2007
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/21/2014)... Spring, Md. (PRWEB) August 21, 2014 ... to Houston with an Education Forum for PH ... disease. , Who:    The Pulmonary Hypertension Association ... works to find ways to prevent and cure ... lungs that affects the functioning of the heart ...
(Date:8/21/2014)... -- Researchers have pinpointed the environmental source of fungal ... California for decades. It literally grows on trees. , ... a 13-year-old girl, who spent the summer gathering soil ... hit by infections of the fungus named Cryptococcus ... , which encompasses a number of species including ...
(Date:8/21/2014)... 2014 (HealthDay News) -- Black mothers are less likely ... one possible reason why: Hospitals in neighborhoods with many ... in areas with more white residents, a U.S. government ... much less common in medical centers where the black ... Centers for Disease Control and Prevention reported Thursday. ...
(Date:8/21/2014)... seniors, dimming vision may be tied to poorer survival, new ... aged 65 to 84, who were assessed when they enrolled ... later. Vision loss over time was associated with an ... period, the researchers reported. Although the study couldn,t prove ... University in West Lafayette, Ind., offered up some theories on ...
(Date:8/21/2014)... (PRWEB) August 21, 2014 Transvaginal ... Bard, Inc. continue to move forward in the ... Southern District of West Virginia, Bernstein Liebhard LLP ... August 14th, the Court has established new stipulated ... special handling, division, storage and preservation. (In re ...
Breaking Medicine News(10 mins):Health News:Pulmonary Hypertension Association Goes On the Road to Houston With an Education Forum for PH Patients and Families to Help Fight Rare Lung Disease 2Health News:Pulmonary Hypertension Association Goes On the Road to Houston With an Education Forum for PH Patients and Families to Help Fight Rare Lung Disease 3Health News:Fungus deadly to AIDS patients found to grow on trees 2Health News:Racial Disparities in Breast-Feeding May Start With Hospitals, Study Suggests 2Health News:Failing Vision Tied to Shorter Lifespans for Seniors 2Health News:Transvaginal Mesh Lawsuits Move Forward in Federal C.R. Bard Litigation with Issuance of New Pretrial Order, Bernstein Liebhard LLP Reports 2Health News:Transvaginal Mesh Lawsuits Move Forward in Federal C.R. Bard Litigation with Issuance of New Pretrial Order, Bernstein Liebhard LLP Reports 3
... , YOUNGTOWN, Ariz., Dec. 3 The ... it has acquired SunView Care Center, an operating skilled nursing ... to Arizona,s Sun City retirement community. The acquisition was effective ... , "We are pleased to be adding a new facility ...
... DC The study of tobacco has been the life-long ... director of the Lombardi Comprehensive Cancer Center at Georgetown University ... of Cancer Epidemiology, Biomarkers & Prevention ( CEBP ... researchers the world over. The December issue of ...
... , ... new market research report is available in its catalogue: ... , http://www.reportlinker.com/p0166820/Sterilization-Technologies-The-US-Market.html , Details the North ... in 2008, and forecasts the market,s compound annual growth ...
... , NEW YORK, Dec. 2 ... available in its catalogue: , Point of Care Diagnostics ... and analysis of the point of care (POC) diagnostics industry ... diagnostics industry , Covers federal regulation of POC testing ...
... , SEOUL, South Korea, Dec. 2 ... Seoul, Korea Telecom (KT), MacroEye and Qualcomm Incorporated (Nasdaq: ... expansion of a project that provides mobile devices, services and ... supplies mobile handsets and devices to caregivers and senior citizens ...
... for advanced cases, study finds , WEDNESDAY, Dec. 2 ... rates for advanced lung cancer patients in the United ... , Researchers analyzed data on more than 100,000 patients ... between 1990 and 2005. The patient information was in ...
Cached Medicine News:Health News:The Ensign Group Acquires Arizona Skilled Nursing Facility 2Health News:Lombardi's Shields leads special journal focused on tobacco research 2Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 2Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 3Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 4Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 5Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 6Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 7Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 8Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 9Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 10Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 11Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 12Health News:Reportlinker Adds Sterilization Technologies: The U.S. Market 13Health News:Reportlinker Adds Point of Care Diagnostics 2Health News:Reportlinker Adds Point of Care Diagnostics 3Health News:Reportlinker Adds Point of Care Diagnostics 4Health News:Reportlinker Adds Point of Care Diagnostics 5Health News:Reportlinker Adds Point of Care Diagnostics 6Health News:Reportlinker Adds Point of Care Diagnostics 7Health News:Reportlinker Adds Point of Care Diagnostics 8Health News:Reportlinker Adds Point of Care Diagnostics 9Health News:Reportlinker Adds Point of Care Diagnostics 10Health News:Reportlinker Adds Point of Care Diagnostics 11Health News:Reportlinker Adds Point of Care Diagnostics 12Health News:Qualcomm, City of Seoul, Korea Telecom and MacroEye Leverage the Power of 3G to Connect Low Income and Disabled Senior Citizens to Caregivers 2Health News:Qualcomm, City of Seoul, Korea Telecom and MacroEye Leverage the Power of 3G to Connect Low Income and Disabled Senior Citizens to Caregivers 3Health News:Qualcomm, City of Seoul, Korea Telecom and MacroEye Leverage the Power of 3G to Connect Low Income and Disabled Senior Citizens to Caregivers 4Health News:Gains Made in Lung Cancer Survival 2
(Date:8/21/2014)... , Aug. 21, 2014 /CNW/ - Bedrocan Cannabis Corp., ... independent members to its Board of Directors, enhancing ... of the company, a leading licensed producer of ... Internationally, Bedrocan has 13 years, experience in producing ... seven countries, including Canada. As ...
(Date:8/21/2014)... MENLO PARK, Calif. , Aug. 21, 2014 /PRNewswire/ ... company in the emerging field of regenerative medicine, announced ... ("Nat") Ricciardi to the Company,s newly expanded Board of ... now comprises eight directors, three of whom are independent. ... years of experience working with emerging growth companies. He ...
(Date:8/20/2014)... 2014  The National Association of Drug Diversion ... by the real-time, pseudoephedrine (PSE) blocking system in ... Exchange (NPLEx), automatically blocks unlawful PSE sales and ... and make arrests. Data released by NPLEx shows ... blocked the sale of more than 23,478 boxes of ...
Breaking Medicine Technology:Senior Life Sciences Executives Join Bedrocan as Independent Directors 2Senior Life Sciences Executives Join Bedrocan as Independent Directors 3Asterias Biotherapeutics Appoints Two Independent Directors and Announces Completion of Series A Common Stock Distribution 2Asterias Biotherapeutics Appoints Two Independent Directors and Announces Completion of Series A Common Stock Distribution 3Asterias Biotherapeutics Appoints Two Independent Directors and Announces Completion of Series A Common Stock Distribution 4Kentucky's Stop-Sale System Achieves Significant Results In Battle Against Meth 2
... Microlite ventilated microcentrifuge combines powerful, quiet performance with ... microcentrifuge that gives you maximum value...MORE for LESS., ... up to 17,000 xg at speeds of 13,500 ... (0.5 mL) microtubes., More Features , ...
... speed of 10,000 rpm , G force ... single- and double-stranded DNA , 3 operation ... 12-position rotor holds 0.5-ml microcentrifuge tubes , ... Replaceable rotor , Safety Features , ...
... accommodate the deep-well Plate Rotor 2 x 96 ... 5600 x g for centrifuging QIAGEN 96-well plates. ... rotors are available from Sigma Laborzentrifugen GmbH for ... tubes, as well as 1.5 ml and 2.0 ...
... up to 25,000 x g for quick and efficient ... of use. The Model 5417 C is designed for ... room and can accommodate a variety of microcentrifuge rotors ... Spin up to 16,400 rpm; 25,000 x g ...
Medicine Products: