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etrials Closes Record Profitable Fiscal Year With Significant Revenue and Product Growth; Company Doubles Backlog and Adds 17 New Clients.

MORRISVILLE, N.C., Feb. 8 /PRNewswire/ -- etrials Worldwide, Inc., a leading provider of eClinical software for the efficient collection, integration and review of data in the clinical trial process, today announced that the company has doubled trial backlog over the same quarter in 2003 and has increased year-to-date revenues by almost 60 percent to close a profitable 2004. etrials also added a record 17 new client companies and sponsors in 2004.

Contributing to the successful year were several new subscription licensing agreements with Quintiles Transnational Corp. and Cato Research as well as a 600 percent increase in electronic patient diary deployments. With over 90 trials currently running, etrials has more than doubled live trials in 2004. To date the company has completed over 450 total clinical trials.

etrials has experienced great success selling multiple product trials including three combination electronic patient diary/electronic data capture projects in the fourth quarter--two of which were projects with million dollar budgets. In total, the company has increased multi-technology trials by 200 percent in 2004 over 2003. etrials has also continued to improve its sales process and strategic approach to fully capitalize on the market adoption increase in all business areas including electronic data capture, electronic patient diaries and interactive voice response to target and penetrate the growing top-tier pharmaceutical and CRO markets.

"This quarter has set the stage for another amazing year in the industry. We have continued to grow with a profitable year including new partnerships with companies like Quintiles and Cato Research and have maintained rapid product development based on the ever-evolving needs of our clients--all evidence that our clients continue to see a strategic advantage by selecting a provider that offers multiple technologies as an easy-to-use, fully integrated package," said John Cline, etrials' CEO. "With this increase in demand for multi-technology trials we will continue to add to our product offerings with new tools like an integrated clinical trial management system and new functionalities and features for current tools."

About etrials Worldwide, Inc.

etrials has earned the loyalty of its healthcare partners by guiding them to simplify and accelerate the way they manage clinical trials, educate markets and collect pre- and post-approval data on drug efficacy and safety. etrials offers an efficient eClinical platform for integrating clinical data from a variety of sources and allowing secure, real-time reporting of results through Web-based interfaces. etrials also provides experienced clinical consultation services to companies seeking to migrate from paper-based to electronic methods, leading them through the critical processes involved in turning a technology into a solution. To date, our team of professionals has participated in over 450 clinical trials in more than 50 different countries, including 12 trials that were used to attain NDA/BLA status. etrials invites you to challenge the way you think about electronic clinical trials at http://www.etrials.com/ .

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. John Cline http://www.profnet.com/ud_public.jsp?userid=500964

CONTACT: Lorra Gosselin of etrials Worldwide, Inc., +1-919-653-3400, or pr@etrials.com

Web site: http://www.etrials.com/
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Publication:PR Newswire
Date:Feb 8, 2005
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