EXHIBIT 99.1

DAILY JOURNAL CORPORATION
355 South Grand Avenue, 34th Floor
Los Angeles, California 90071-1560

DAILY JOURNAL CORPORATION INVESTS IN CHOICE INFORMATION SYSTEMS, INC.

For Immediate Release
Wednesday, January 27, 1999

LOS ANGELES - Daily Journal Corporation (Nasdaq:DJCO) has invested a total of
$6.67 million  (a) to purchase 80% of the capital stock of CHOICE Information
Systems, Inc. from CHOICE and certain of its shareholders, (b) to cause CHOICE
to purchase substantially all of the assets of QUINDECA Corporation, the
consulting and implementation arm of CHOICE, and (c) to leave approximately $4
million in working capital at CHOICE immediately following  these transactions.
In addition, CHOICE has entered into employment agreements with the principal
owners of CHOICE and QUINDECA, and these officers will continue to own 20% of
CHOICE.

CHOICE provides the SUSTAIN(R) family of products which consist of technologies
and applications to enable justice agencies to automate their operations. The
latest product released from CHOICE is the SUSTAIN(R) eCourt(TM) system which is
an electronic commerce platform for the justice community and allows users to
file cases electronically and publish information on-line. CHOICE has
installations in nine states and three countries, and many of its clients have
more than a decade of experience with the SUSTAIN(R) product line. In December
1997, Microsoft Corporation announced a strategic alliance with CHOICE to
promote electronic commerce in the justice community using the SUSTAIN(R)
eCourt(TM) product.

CHOICE installations include the Napa Superior Court and Los Angeles Superior
Court in California and the Gwinnett County Court in Georgia, all of which
license the SUSTAIN(R) Justice Edition(TM) and the SUSTAIN(R) eCourt(TM)
products. In addition, the Metropolitan Toronto Court in Canada has been
pioneering the use of the SUSTAIN(R) eCourt(TM) product for more than 18 months.
This project has resulted in the ability for lawyers to conduct business
electronically with the Court and to create an "electronic court record". In
November 1998, the Santa Barbara County Trial Courts in California became the
newest licensee of SUSTAIN(R).

Daily Journal is primarily a gatherer and distributor of information through its
publications, including the Los Angeles Daily Journal, the San Francisco Daily
Journal, California Lawyer magazine, and specialized information services.

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