Daily Journal Corporation Receives Second Notice Regarding Non-Compliance With NASDAQ Listing Rules

Daily Journal Corporation Receives Second Notice Regarding Non-Compliance With
NASDAQ Listing Rules

LOS ANGELES, Feb. 13, 2014 (GLOBE NEWSWIRE) -- Daily Journal Corporation
(Nasdaq:DJCO) announced today that, due to the delayed filing of its quarterly
report on Form 10-Q for the fiscal quarter ended December 31, 2013, the
Company received, as expected, a notification letter from The NASDAQ Stock
Market stating that the Company is not in compliance with NASDAQ Stock Market
Rule 5250(c)(1), which requires the timely filing of all required periodic
financial reports with the Securities and Exchange Commission ("SEC"). The
NASDAQ letter was issued in accordance with standard NASDAQ procedures. The
Company previously received a notification letter from NASDAQ regarding the
Company's non-compliance with Rule 5250(c)(1) following its failure to timely
file its Form 10-K for the fiscal year ended September 30, 2013.

As previously announced in the Company's current report on Form 8-K filed with
the SEC on February 11, 2014, Ernst & Young, LLP, the Company's registered
independent public accounting firm, has not yet completed its audit of the
Company's financial statements for fiscal 2013 or its audit of the Company's
internal control over financial reporting. At this point, the Company is still
awaiting the completion of the audits.

The Company has until March 17, 2014 to submit to NASDAQ a plan to regain
compliance with the NASDAQ rule. The Company intends to submit a plan by that
deadline. If NASDAQ accepts the Company's plan, NASDAQ may grant the Company
up to 180 days from the prescribed due date for the filing of the fiscal 2013
10-K, or until June 30, 2014, to regain compliance. In any event, the Company
intends to file the 10-K for fiscal 2013 and the 10-Q for the first quarter of
fiscal 2014 with the SEC, and to regain compliance with the NASDAQ rule, as
soon as possible after Ernst & Young, LLP completes the audits and its review
of the first quarter results.

Daily Journal Corporation publishes newspapers and web sites covering
California and Arizona, as well as the California Lawyer magazine, and
produces several specialized information services. Sustain Technologies, Inc.,
New Dawn Technologies, Inc. and ISD Technologies, Inc. are wholly-owned
subsidiaries and supply case management software systems and related products
to courts and other justice agencies.

This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Certain statements contained in
this press release are "forward-looking" statements that involve risks and
uncertainties that may cause actual future events or results to differ
materially from those described in the forward-looking statements. Words such
as "expects," "intends," "anticipates," "should," "believes," "will," "plans,"
"estimates," "may," variations of such words and similar expressions are
intended to identify such forward-looking statements. We disclaim any
intention or obligation to revise any forward-looking statements whether as a
result of new information, future developments, or otherwise. Although we
believe that the expectations reflected in such forward-looking statements are
reasonable, we can give no assurance that such expectations will prove to have
been correct. Additional information concerning factors that could cause
actual results to differ materially from those in the forward-looking
statements is contained from time to time in documents we file with the SEC.

CONTACT: Tu To
         (213) 229-5436
 
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