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DATATRAK International, Inc. Receives Notice From Nasdaq
Date:6/18/2008

CLEVELAND, June 18 /PRNewswire-FirstCall/ -- DATATRAK International, Inc. (Nasdaq: DATA), a technology and services company focused on global eClinical solutions for the clinical trials industry, today announced that it received a letter on June 16, 2008, from The Nasdaq Stock Market ("Nasdaq"), notifying the Company that for the 30 consecutive business days prior to June 10, 2008, the bid price of the Company's common shares had closed below the minimum $1.00 per share requirement for continued inclusion under Marketplace Rule 4310(c)(4) (the "Minimum Bid Price Rule"). The letter stated that, in accordance with Marketplace Rule 4310(c)(8)(D), the Company will be provided 180 calendar days, or until December 8, 2008, to regain compliance with the Minimum Bid Price Rule provided the Company is also in compliance with all other listing requirements. For the time being, the Company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "DATA."

If, at any time before December 8, 2008, the bid price of the Company's common shares closes at $1.00 per share or more for a minimum of 10 consecutive business days (and under certain circumstances, more than 10 trading days), Nasdaq will provide written notification that it has achieved compliance with the Minimum Bid Price Rule. If the Company does not regain compliance with the Minimum Bid Price Rule by December 8, 2008, Nasdaq will determine whether the Company meets the Nasdaq Capital Market initial listing criteria as set forth in Marketplace Rule 4310(c), except for the bid price requirement. If it meets the initial listing criteria, Nasdaq will notify the Company that it has been granted an additional 180 calendar day compliance period. If the Company is not
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SOURCE DATATRAK International, Inc.
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