Dataram Reports Fiscal 2007 Third Quarter Financial Results

                 DATARAM CORPORATION AND SUBSIDIARIES
                CONDENSED CONSOLIDATED BALANCE SHEETS
                            (In thousands)
                             (Unaudited)


                                                January 31,  April 30,
                                                    2007        2006
                                                -----------  ---------

ASSETS
Current assets
   Cash and cash equivalents                      $ 13,881   $ 14,044
   Trade receivables, net                            4,309      4,893
   Inventories                                       2,539      2,189
   Deferred income taxes                             1,365      1,365
   Note receivable                                   1,537      1,537
   Other current assets                                285         80
                                                -----------  ---------
      Total current assets                          23,916     24,108

Deferred income taxes                                  685      1,176

Property and equipment, net                            831        847

Other assets                                           105        105
                                                -----------  ---------

Total assets                                      $ 25,537   $ 26,236
                                                ===========  =========


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
   Accounts payable                               $  1,180   $  2,057
   Accrued liabilities                                 625        653
                                                -----------  ---------
      Total current liabilities                      1,805      2,710


Stockholders' equity                                23,732     23,526
                                                -----------  ---------

Total liabilities and stockholders' equity        $ 25,537   $ 26,236
                                                ===========  =========


Contact:

Dataram
Mark Maddocks, 609-799-0071
Vice President-Finance, CFO
Email Contact
or
Investors:
Grannus Financial Advisors, Inc.
Joe Zappulla, 212-681-4100
Email Contact



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