DataTrak International, Inc. (DTRK)

[JohnCM]

Highlights for the first quarter 2013 include:

First quarter revenues increased to $2.6 million – a 22% increase year-over-year
Gross profit margin for the fiscal year remained stable at 81%
Backlog at March 31, 2013 totaled approximately $18.8 million – a 35% year-over-year increase and the highest balance in 7 years
Cash balance at March 31, 2013 of $2.9 million

In addition, shareholders approved the re-election of Mr. Laurence P. Birch and Mr. Timothy G. Biro to the Board of Directors, ratified the selection of BDO USA, LLP as DATATRAK's independent auditor for 2013 and approved a proposal to grant the Company's Board of Directors the authority to effect a reverse stock split of the Company's outstanding common shares, without par value. Immediately following the meeting, the Company implemented a one-for-twelve reverse split of the Company's common shares. The reverse split will become effective at the close of business on June 3, 2013, and thereafter the Company's common shares will begin trading on the OTCQX Markets on a split-adjusted basis. The Company encourages shareholders to refer to its proxy materials filed with the OTCQX Market on April 8, 2013 for more information about the reverse stock split.