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driversshield.com Receives Notification of Delisting From Nasdaq

28 December 2000

driversshield.com Receives Notification of Delisting From Nasdaq

    PLAINVIEW, N.Y., Dec. 28 driversshield.com Corp.,
announced today that it has received notification from NASDAQ
that it has failed to maintain a minimum bid price of at least $1.00 for
30 consecutive trading days as required by the Marketplace Rules. Therefore,
in accordance with the Marketplace Rules, the Company will be provided
90 days, or until March 27, 2001 to regain compliance. If at any time before
March 27, 2001, the bid price of the Company's stock is at least $1.00 for a
minimum of 10 consecutive trading days, NASDAQ staff will determine if the
Company complies with the rules. However, if the Company is unable to
demonstrate compliance with the rules on or before March 27, 2001, NASDAQ
staff will provide the Company with written notification pursuant to the
Marketplace Rules that NASDAQ staff has determined to delist its common stock.
At that time the Company may request a review of NASDAQ staff's determination
pursuant to the Marketplace Rules.
    The Company's Board of Directors will meet before the end of January to
determine its ability to regain compliance.

    This announcement contains "forward-looking statements."  Words
"anticipate," "believe," "estimate," "expect" and other similar expressions as
they relate to the Company and its management are intended to identify such
forward looking statements. Although the Company and its management believe
that the statements contained in this announcement are reasonable, it can give
no assurances that such statements will prove correct. Factors that could
affect the occurrence of events or results discussed herein are included with
those mentioned in the Company's filings with the Securities and Exchange
Commission.