Arosa Investment Management Vows to Work Productively with the Datatrak Board, Management and Other Constituencies

CHICAGO--()--Arosa Investment Management LLC, the beneficial owner of approximately 9.9% of the shares of Datatrak International, Inc. (OTC:DTRK) that initiated a proxy contest and obtained the most votes for Datatrak’s originally scheduled 2015 Annual Meeting, today vowed that its three director nominees, when elected, will work productively with the Datatrak board, management and other constituencies of the company.

Based on the results of the original shareholder vote and the proxies and feedback received from Datatrak shareholders to date, Arosa expects that its director nominees will again receive the most votes in the election “do-over” that Datatrak has called for December 30, 2015.

Despite Datatrak’s continued entrenchment actions in response to Arosa’s efforts and misleading lawsuit and annual meeting delay, which are detailed in our proxy materials, Arosa commits to shareholders that if its three director nominees are elected to the Datatrak board they will work productively with the continuing directors who we hope and expect will fulfill their duties to be truly “independent” of management.

Arosa has heard from many Datatrak constituencies during its proxy campaign, including employees, customers, potential business partners and former directors and employees of Datatrak. It is Arosa’s strong belief that Datatrak’s relationships with these constituencies will only be strengthened if our director nominees are added to the board. We believe that many Datatrak shareholders, employees and other constituencies welcome the prospect for new leadership and positive change at Datatrak.

Arosa believes it can assist Datatrak in repairing the many problems arising from the Datatrak board’s reckless and costly decisions of the past, such as its aggressive and expensive patent litigation against Medidata that led to Datatrak’s case being dismissed and its patent declared invalid. Arosa believes that Datatrak needs a new and more effective strategy for dealing with all constituencies, even the company’s competitors.

Arosa has nominated three individuals of high integrity for the board who will be committed to acting with honesty and in good faith at all times for the best interests of the company and all shareholders. Arosa believes shareholders will see a dramatic and positive impact on the Datatrak board from the election of our director nominees.

Every vote is important. Arosa believes it will again win the director election, but urges shareholders to cast every vote possible in favor of Arosa’s director nominees. Arosa appreciates shareholders’ time and effort in casting their votes during the condensed annual meeting timeframe during the holidays that Datatrak has imposed on shareholders.

If you need assistance in casting your BLUE proxy or voting instruction card in favor of Arosa’s director nominees, please contact our proxy advisor, Alliance Advisors, toll-free at 855-737-3183.


Alliance Advisors
Peter Casey, 973-873-7710
Toll-free number: 855-737-3183

Arosa Investment Management LLC