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

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

LOS ANGELES, May 20, 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 March 31, 2014, 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 notification letters 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 and its
failure to timely file its Form 10-Q for the fiscal quarter ended December 31,
2013.

As previously announced, 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. The Company is awaiting the
completion of the audits.

NASDAQ has granted the Company until June 30, 2014 to regain compliance with
the NASDAQ rule. The Company currently believes that it will be able to file
its late annual report and quarterly reports by that deadline.

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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