DRI Corporation Names Stalking Horse Bidder

DRI Corporation (OTCQB: TBUS), a digital communications technology leader in the global surface transportation and transit security markets, announced today that it has entered into a definitive agreement with an affiliate of Levine Leichtman Capital Partners (LLCP) in which LLCP will act as the stalking horse bidder in the sale of substantially all of DRI's businesses and assets under Section 363 of Chapter 11 of the U.S. Bankruptcy Code. DRI filed Chapter 11 on March 25, 2012 in order to facilitate a sale.

DRI's acquisition agreement with LLCP provides that in the event additional qualified prospective bidders desire to bid for DRI’s business, DRI will cooperate with the Bankruptcy Court to conduct an auction in accordance with procedures established by the Bankruptcy Court.

ABOUT THE COMPANY

DRI Corporation is a digital communications technology leader in the global surface transportation and transit security markets. We manufacture, sell and service Mobitec® and TwinVision® electronic information display systems and Digital Recorders® engineered systems. These proprietary systems and other related products and services help increase the mobility, flow, safety and security of public transportation agencies and their passengers. From our inception in 1983 through our fiscal year-end on Dec. 31, 2010, we’ve grown our product installations to include public transit fleets in more than 50 countries, our annual sales revenues to $87.3 million, and our global workforce to 275 people. We presently have operations and/or sales offices in Australia, Brazil, Germany, Singapore, Sweden and the United States, a joint venture in India, and corporate administrative offices in Dallas, Texas. We also are expanding into Russia. The next time you see a bus, think of us.SM For more information, visit www.digrec.com.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements concerning the Company’s ability to preserve value, continue operations, and fulfill its obligations to US lenders by utilizing the 363 sale process, as well as any statement, express or implied, concerning future events or expectations or which use words such as “suggest,” “expect,” “fully expect,” “expected,” “appears,” “believe,” “plan,” “anticipate,” “would,” “goal,” “potential,” “potentially,” “range,” “pursuit,” “run rate,” “stronger,” “preliminarily,” “guidance,” “may,” etc., is a forward-looking statement. These forward-looking statements are subject to risks and uncertainties, including risks and uncertainties relating to whether the Company will be able to preserve value, continue operations, and fulfill its obligations to US lenders by utilizing the 363 sale process, as well as other risks and uncertainties set forth in the Company’s Annual Report on Form 10-K as filed April 15, 2011 and Quarterly Reports on Form 10-Q as filed May 16, 2011, Aug. 15, 2011, and Nov. 21, 2011, particularly those identified in Risk Factors Affecting Our Business. There can be no assurance that any expectation, express or implied, in a forward-looking statement will prove correct or that the contemplated event or result will occur as anticipated.