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).”

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