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DATATRAK International, Inc. Announces Fourth Quarter and Full Year Results for 2008
Date:3/16/2009

have the agility to navigate through this difficult environment. We are confident that the strength of our team and offering will enable us to capitalize on the large opportunity that exists for DATATRAK once the market begins to recover."

    Accomplishments during the past 12 months include:
    -- Revamped management team including the appointment of Laurence P. Birch
       as Chairman of the Board and interim-CEO along with the promotion of
       Raymond J. Merk, the Company's CFO, to COO in addition to his CFO role.
    -- On February 19, 2008, DATATRAK announced the signing of its second
       global Enterprise Agreement, a three-year, $800,000 subscription
       license with a European pharmaceutical company.
    -- On February 28, 2008, the Company announced the signing of six Cardiac
       Safety Projects with COResearch, a business unit of Duke Medical
       Strategies, Inc., for contracts totaling $800,000.
    -- On June 17, 2008, DATATRAK announced the closure of its German office
       and the consolidation of the Company's Help Desk services into its
       Cleveland, Ohio office. The cost to fund DATATRAK's German office was
       approximately $10 million over the past three years.
    -- On October 1, 2008, DATATRAK announced the newest release of its
       DATATRAK eClinical(TM) product suite which includes significant
       incremental advancements including the ease with which extensively
       detailed information about clinical trials can be obtained.
    -- On December 18, 2008, DATATRAK announced the settlement of its
       litigation with certain former shareholders of ClickFind, Inc.
       resulting in the entire forgiveness of the $3 million balloon payment
       obligation originally due February 1, 2009.
    -- On March 2, 2009, DATATRAK announced the return of Chris Wilke as Vice
       President of Research and Development. In his role as DATATRAK's Vice
       President of R&
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SOURCE DATATRAK International, Inc.
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Related medicine news :

1. DATATRAK International, Inc. Announces the Return of Chris Wilke as Vice-President of R&D and the Issuance of a Patent
2. DATATRAK Announces Retirement of Chief Executive Officer
3. DATATRAK International, Inc. Receives Notice from NASDAQ
4. NTT DATA Launches First Self-Designed DATATRAK eClinical(TM) Project Into Production in Japan
5. DATATRAK International, Inc. Announces 2008 Third Quarter and Nine Month Operating Results
6. DATATRAK International Management to Host Conference Call on November 6, 2008 to Discuss Third Quarter and Nine Month Operating Results for 2008
7. DATATRAK International, Inc. Receives Notice From Nasdaq
8. Ease-of-Use and Intuitive Nature of the DATATRAK eClinical(TM) Platform Allows for Further Operational Efficiencies
9. DATATRAK Announces Restructured Senior Management Team
10. DATATRAK International Reports Fourth Quarter and Full Year Results for 2007
11. DATATRAK International Management to Host Conference Call on February 26, 2008 to Discuss Fourth Quarter and Full Year Operating Results for 2007
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