Checkers Stock And Warrants To Remain Listed On Nasdaq

Apr 18, 2001, 01:00 ET from Checkers Drive-In Restaurants, Inc.

    CLEARWATER, Fla., April 18 /PRNewswire/ -- Checkers Drive-In Restaurants,
 Inc. (Nasdaq:   CHKRW) today reported 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)."
     For more information on Checkers Drive-In Restaurants, Inc., please visit
 their web site at www.checkers.com.
     Statements in this release which are not historical facts are "forward-
 looking" statements and "Safe Harbor" statements under the Private Securities
 Litigation Reform Act of 1995 that involve risks and/or uncertainties.
 
 

SOURCE Checkers Drive-In Restaurants, Inc.
    CLEARWATER, Fla., April 18 /PRNewswire/ -- Checkers Drive-In Restaurants,
 Inc. (Nasdaq:   CHKRW) today reported 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)."
     For more information on Checkers Drive-In Restaurants, Inc., please visit
 their web site at www.checkers.com.
     Statements in this release which are not historical facts are "forward-
 looking" statements and "Safe Harbor" statements under the Private Securities
 Litigation Reform Act of 1995 that involve risks and/or uncertainties.
 
 SOURCE  Checkers Drive-In Restaurants, Inc.