TRX, Inc., which provides travel technology, process automation, consulting services and data services, has decided to voluntarily delist from the NASDAQ Capital Market. Last week, the staff of the NASDAQ Stock Market notified TRX that it no longer complies with a listing rule requiring TRX to have a minimum of $2.5 million in stockholders' equity. And, it also continues to be out of compliance with the $1 minimum bid price requirement, which cure period expires on March 29, 2010.

After considering a number of factors, including the expenditure of resources necessary to seek to regain compliance with NASDAQ 's Listing Rules within NASDAQ's timeframe and then attempting to maintain its NASDAQ listing, the company has decided not to undertake potentially expensive and dilutive efforts to regain compliance with NASDAQ's minimum equity rule or minimum bid price rule, which may or may not be successful. Rather, the company has decided to voluntarily delist from the NASDAQ Capital Market. Accordingly, a Form 25 will be filed with the Securities and Exchange Commission on March 22, trading of the company's common stock will be suspended on the NASDAQ Capital Market at the opening of business on March 30, 2010, for failure to meet the $1 minimum bid price requirement, and the company's common stock will be removed from listing and quotation on the NASDAQ Capital Market effective April 1, 2010. The company anticipates its Common Stock will be quoted on the OTC Bulletin Board and/or the Pink OTC Markets Inc., but cannot give assurance that its common stock will be available to be quoted on one or both markets before or after trading in the company's common stock on the NASDAQ Capital Market has ended. For more information, visit www.trx.com.