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

nd outcomes of the Company's exploration of potential opportunities directed at maximizing shareholder value; and general economic conditions such as the rate of employment, inflation, interest rates and the condition of capital markets. This list of factors is not all inclusive. In addition, the Company's success depends on the outcome of various strategic initiatives it has undertaken, all of which are based on assumptions made by the Company concerning trends in the clinical research market and the health care industry. The Company undertakes no obligation to update publicly or revise any forward-looking statement.

DATATRAK International, Inc. and Subsidiaries

Condensed Consolidated Balance Sheet Data

(Unaudited)

September 30, December 31,

2008 2007

Cash and investments $2,431,711 $8,514,361

Accounts receivable, net 1,801,491 1,070,688

Deferred tax asset 154,300 1,399,000

Property and equipment, net 952,086 3,534,799

Goodwill --- 10,856,113

Other intangible assets, net --- 520,458

Other 313,212 577,792

Total assets $5,652,800 $26,473,211

Accounts payable and other current

liabilities $6,638,774 $3,971,883

Long-term liabilities 2,074,113 5,931,962

Shareholders' equity (deficit) (3,060,087) 16,569,366

Total liabilities and

shareholders' equity (deficit) $5,652,800 $26,473,211


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SOURCE DATATRAK International, Inc.
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