TRX, Inc., which provides travel technology and data services, has announced that Nasdaq has approved its application to transfer its stock listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective Oct. 5, 2009. At that time, TRX common stock will continue to be traded on the Nasdaq Capital Market under the symbol "TRXI." The Nasdaq Capital Market is a continuous trading market that operates in the same manner as the Nasdaq Global Market, where TRX common stock will continue to trade through Oct. 2. TRX previously was notified by Nasdaq that it no longer satisfies certain continued listing requirements of the Nasdaq Global Market, namely maintaining at least $10 million in shareholders' equity, and maintaining at least a $1 per share bid price.

In response, the company submitted an application to list its shares on the Nasdaq Capital Market, which was approved on Oct. 1, 2009. Because the Capital Market has different continued listing requirements with respect to shareholders' equity, once the transfer is complete, TRX will no longer be out of compliance with the shareholders' equity continued listing requirement. TRX has until March 29, 2010, to regain compliance with the bid price standard, which will occur if the closing bid price of TRX's common stock is at least $1 for a minimum of 10 consecutive trading days. Additionally, TRX announced an increase of its Adjusted EBITDA guidance for 2009 by 10 percent, to $5.5 million. For more information, visit www.trx.com.