DATATRAK International Reports Fourth Quarter and Full Year Result... (ntially could be incurred frombreaches o...)

DATATRAK International Reports Fourth Quarter and Full Year Results for 2007

Date:2/26/2008

ntially could be incurred from breaches of contracts or loss of customer data; the inability to protect intellectual property rights or the infringement upon other's intellectual property rights; the Company's success in integrating its acquisition's operations into its own operations and the costs associated with maintaining and/or developing two product suites; the Company's ability to raise capital 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)

December 31, December 31,

2007 2006

Cash and investments $8,514,361 $5,022,847

Accounts receivable, net 1,070,688 2,226,317

Property & equipment, net 3,534,799 4,736,233

Deferred tax assets 1,399,000 1,858,800

Intangible assets, net 520,458 1,914,206

Goodwill 10,856,113 10,856,113

Other 577,792 605,666

Total assets $26,473,211 $27,220,182

Accounts payable and other current liabilities $5,651,883 $3,709,485

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SOURCE DATATRAK International, Inc.
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DATATRAK International Reports Fourth Quarter and Full Year Result...(ntially could be incurred frombreaches o...),Health