Industry News | April 18, 2001

Checkers Stock Remains Listed On Nasdaq

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Checkers Drive-In Restaurants, Inc. (Nasdaq: CHKRW) reports that the Nasdaq Staff Determination announced yesterday applies only to its "CHKRW'' warrants and does not affect the continued listing of its common shares, "CHKR'', nor its other listed warrants," CHKRZ''.

Wendy Beck, Chief Financial Officer and Treasurer commented: "Our common shares and other warrants, of course will remain listed on the Nasdaq National Market; however, the Company has decided not to expend the funds and expenses required to request a hearing regarding the number of market makers for warrants expected to expire by their own terms in the next 30 to 90 days. We have been notified that there would be market makers available to have ''CHKRW" warrants listed on the O.T.C. Bulletin Board for the remaining time till their anticipated expiration.''

Daniel Dorsch, President and Chief Executive Officer commented: "This action has absolutely no effect on our proforma or projections for the operations of Checkers (R) or Rally's (R).'' .