DATATRAK International, Inc. to Release 2009 Second Quarter and First-Half Operating Results on August 17, 2009
13 Agosto 2009 - 4:58PM
PR Newswire (US)
CLEVELAND, Aug. 13 /PRNewswire-FirstCall/ -- DATATRAK
International, Inc. (Pink Sheets: DATA), a technology and services
company focused on global eClinical solutions for the clinical
trials industry, today announced it will be releasing its operating
results for the second quarter and first-half of 2009 on Monday,
August 17, 2009. In addition, DATATRAK's second quarter report as
filed with Pink OTC Markets will be available on August 17th at
http://www.pinksheets.com/ under the symbol: DATA. The Company has
elected to follow the Pink OTC Markets OTCQX Guidelines for
Providing Adequate Current Information, the highest tier and most
transparent level of disclosure available to the Company. In
addition, as previously announced on August 3, 2009, the Company
filed a Certificate and Notice of Termination of Registration on
Form 15 with the Securities and Exchange Commission (the "SEC")
today to effect (i) the voluntary deregistration of the Common
Shares and related preferred share purchase rights (collectively,
the "Securities") under Section 12(g) of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"); and (ii) the
suspension of its reporting obligations with respect to its Common
Shares under Section 15(d) of the Exchange Act. The Company was
eligible to deregister because there are fewer than 300 holders of
record of its Securities. Upon the filing of the Form 15, the
Company's obligations to file certain reports and forms with the
SEC, including annual reports on Form 10-K, quarterly reports on
Form 10-Q and current reports on Form 8-K, were immediately
suspended. The Company expects the deregistration of its Securities
to become effective 90 days after the filing of the Form 15. The
Company's Common Shares have been quoted on the Pink Sheets
Electronic Markets since June 4, 2009. The Company anticipates that
its Common Shares will continue to be quoted on the Pink Sheets
Electronic Markets after filing of the Form 15, but the Company can
make no assurance that any broker will continue to make a market in
the Common Shares. About DATATRAK International, Inc. DATATRAK
International, Inc. is a worldwide technology company focused on
the provision of multi-component eClinical solutions and related
services for the clinical trials industry. We operate under the
concept of DATATRAK ONE(TM), which encompasses our unique, single
platform technology. The singular architecture of our DATATRAK
eClinical(TM) product suite has been embraced by clients around the
globe for its ability to effectively manage clinical trials through
an integrated multi-component, comprehensive solution. The Company
delivers a complete portfolio of software products that were
created in order to accelerate clinical research data from
investigative sites to clinical trial sponsors and ultimately the
FDA, faster and more efficiently than manual methods or loosely
integrated technologies. DATATRAK's eClinical(TM) software suite
can be deployed worldwide through an ASP offering or in a licensed
Enterprise Transfer model that fully empowers its clients. The
DATATRAK software suite and its earlier versions have successfully
supported hundreds of international clinical trials involving
thousands of clinical research sites and encompassing tens of
thousands of patients in 59 countries. DATATRAK International,
Inc.'s product suite has been utilized in some aspect of the
clinical development of 16 drugs and one medical device that have
received regulatory approval from either the United States Food and
Drug Administration or counterpart European bodies. DATATRAK
International, Inc. has offices located in Cleveland, Ohio, and
Bryan, Texas. Visit the DATATRAK International, Inc. web site at
http://www.datatrak.net/. Except for the historical information
contained in this press release, the statements made in this
release are forward-looking statements. These forward-looking
statements are made based on management's expectations,
assumptions, estimates and current beliefs concerning the
operations, future results and prospects of the Company and are
subject to uncertainties and factors (including those specified
below) which are difficult to predict and, in many instances, are
beyond the control of the Company. Factors that may cause actual
results to differ materially from those in the forward-looking
statements include the limited operating history on which the
Company's performance can be evaluated; the ability of the Company
to continue to enhance its software products to meet customer and
market needs; fluctuations in the Company's quarterly results; the
viability of the Company's business strategy and its early stage of
development; the timing of clinical trial sponsor decisions to
conduct new clinical trials or cancel or delay ongoing trials; the
Company's dependence on major customers; government regulation
associated with clinical trials and the approval of new drugs; the
ability of the Company to compete in the emerging EDC market;
losses that potentially 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 costs associated with maintaining
and/or developing two product suites; 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 whether as a result of new
information, future events or otherwise. DATASOURCE: DATATRAK
International, Inc. CONTACT: Raymond J. Merk, Chief Financial
Officer and Chief Operating Officer of DATATRAK International,
Inc., +1-440-443-0082, Ext. 181 Web Site: http://www.datatrak.net/
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