Nasdaq will discontinue its

stock listing for Peachtree City-based Crown Andersen (CRAN) starting

Monday because of further delays in sumitting 2003 reports required by

the� Securities and Exchange Commission, the Atlanta Business Chronicle

is reporting.

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.