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

the verbal stage, but have not been signed. All contracts are subject to possible delays or cancellation or can change in scope in a positive or negative direction. Therefore, current backlog is not necessarily indicative of the Company's future quarterly or annual revenue. Historically, backlog has been a poor predictor of the Company's short-term revenue.

"Our third quarter results are an encouraging improvement and they are starting to show the Company's return to sound business fundamentals," stated Dr. Jeffrey A. Green, Chief Executive Officer of DATATRAK International, Inc. "We were able to attack our weak financial performance on two different fronts during the quarter, higher revenues and lower direct cost, resulting in a gross margin of 76%. If one backs out the German lease charge and legal costs associated with the litigation our net loss would only have been $(530,000). As a result of our restructuring efforts and positive changes we have made across the Company we have significantly lowered our breakeven point and now have strong leverage moving forward. Importantly, service levels to our customers remain high and we continue to win new business within the United States, European and Japanese clinical trial markets."

Green concluded, "NTT DATA in Japan has added their fourth client who has elected to utilize our eClinical platform. During the month of October we initiated our 18th cardiac safety study with COResearch, a Division of Duke Medical Strategies. DATATRAK continues to be a strong technology competitor within this global market and our management team is focused on continuing to rebuild value within the Company."

The Company will also host a conference call today at 4:30 p.m. ET. To participate via phone, participants are asked to dial 412-858-4600 a few minutes before 4:30 p.m. ET. The conference call will also be available via live web cast on DATATRAK International, Inc.'s web site by clicking the button labeled "Click h
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SOURCE DATATRAK International, Inc.
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