DRI Corporation (fka TBUSQ)

[ErnieBilco]

DRI Corporation Announces Plans to Voluntarily Delist From NASDAQ


Company Plans to Transition to OTCQB(TM) Marketplace for Continued Orderly Trading
DALLAS, Dec 16, 2011 (BUSINESS WIRE) -- --Action Initiated to Reduce Expenses
DRI Corporation (NASDAQ: TBUS), a digital communications technology leader in the global surface transportation and transit security markets, announced today that the Company has notified The NASDAQ Stock Market, Inc. ("NASDAQ") of its plans to file a Form 25 with the U.S. Securities and Exchange Commission ("SEC") to effect the voluntary delisting of its common stock from the NASDAQ Capital Market(R).

David L. Turney, Chairman of the Board of Directors and Chief Executive Officer, said: "Although NASDAQ has granted us a second 180-day grace period in which to achieve compliance with NASDAQ's continued listing requirement under Listing Rule 5550(a)(2), we have determined that, in an effort to reduce expenses, it is in the best interest of the Company to voluntarily delist from the NASDAQ Capital Market(R). The Company is making arrangements for the common stock to be quoted on the OTCQB(TM) Marketplace, and plans for such quotation to be effective on or about Jan. 6, 2012, as the Form 25 becomes effective. The OTCQB(TM) Marketplace is a market tier for over-the-counter-traded companies that are registered and reporting with the SEC. The transition to the OTCQB(TM) Marketplace is expected to save expenses and should allow for a continued orderly trading market for the Company's common stock as we continue to pursue strategic alternatives."

TRANSITION OVERVIEW

The transition of the Company's common stock to the OTCQB(TM) Marketplace is not expected to change, effect or impact:

-- The Company's obligation to file periodic and other reports with the SEC under applicable federal securities laws;

-- Our shareholders' ability to eventually trade the Company's common stock on the OTCQB(TM) Marketplace; or

-- The Company's selection of transfer agent and registrar, American Stock Transfer & Trust Company, LLC; 59 Maiden Lane; New York, NY 10038; phone: [phone]; fax: [phone]; website: http://www.amstock.com.