But the company was expected

to request a hearing with Nasdaq over the delisting, which could delay

the move.

In December, Crown-Anderson

informed the SEC that it would file its annual report late for fiscal

year 2003, which ended in September, because it was having to refile its

performance report from 2002.

The company's annual audit

had uncovered errors in reporting the 2002 statements, which were amended

and resubmitted to the SEC Jan. 7, according to the Chronicle.

In late December, the company

informed the SEC of its intentions to refile the 2002 comprehensive and

quarterly reports, and said the 2003 documents would be submitted within

two weeks.

Crown Andersen said it is currently

preparing its annual report and seeks to complete the process as quickly

as possible. According to the Chronicle, it is the only required SEC filing

submitted late by the company in the past 12 months.

Crown Andersen, at 306 Dividend

Drive, designs, manufactures, sells and installs industrial air pollution

control and air handling systems and employs about 60 people in Peachtree

City. It had revenues of $22.10 million in 2002, a drop of 23 percent

from 2001. The value of its stock fell 71 percent in 2002, according to

Pricewaterhouse Coopers and Bloomberg News.

Due to the effort involved

in the restatement, the company was not able to file its annual report

on Form 10-KSB within the prescribed time period, reported Buisness Wire.

Crown Andersen is currently

preparing its annual report and seeks to complete this process as quickly

as possible. The company will file its annual report promptly upon its

completion. While no assurance can be given, Crown Andersen currently

expects to file its annual report with the SEC during the week of February

2, 2004, according to Business Wire.

In the meantime, the company

will consider whether it desires to request a hearing with Nasdaq concerning

Nasdaq's notification.

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