Crown Andersen Inc. Announces Results for Third Quarter of Fiscal 2000.

Business Editors

ATLANTA--(BUSINESS WIRE)--Aug. 10, 2000

Crown Andersen Inc. (NASDAQ:CRAN), the Peachtree City, Georgia-based supplier of engineered products and systems for environmental control and waste processing, today announced its consolidated results for the first nine months and the third quarter of fiscal 2000 (ended June 30, 2000).

For the nine months of fiscal 2000, the Company reported consolidated net income of $63,306 or $0.03 per share on revenues of $16,311,270. By comparison, the Company reported a net loss of $120,846 or $0.07 per share on revenues of $13,392,837 for the first nine months of fiscal 1999. For the third quarter ended June 30, 2000, the Company reported a consolidated net loss of $148,811 or $0.08 per share on revenues of $5,715,443. This compares with a consolidated net loss of $184,490 or $0.10 per share on revenues of $4,248,853 in 1999. Foreign sales (including export sales by Andersen and sales by Montair) accounted for 25.2% of total revenues in the current nine month period compared with 26.3% in the same period of 1999.

Revenues and earnings from Crown Andersen's Griffin subsidiary in Syracuse, New York and the Montair operation in the Netherlands were up substantially from 1999 and accounted for most of the improvement in the nine month period. Based on backlogs at each operation and on the nine month results, the Company expects a profitable fourth quarter and will be profitable for fiscal year 2000.

For a comparison of current quarter results with prior periods, see table below:

                    NINE MONTHS ENDED             THREE MONTHS ENDED
                    JUNE 30                       JUNE 30
                     2000           1999           2000           1999
                                  ========                     ========

REVENUES        $16,311,270   $13,392,837    $5,715,443    $ 4,248,853
                -----------   -----------    -----------   -----------
Income (loss)
 before taxes       116,106      (199,546)     (237,311)      (297,890)
Income taxes
 (benefit)           52,800       (78,700)      (88,500)      (113,400)
                -----------   -----------    -----------   -----------
NET INCOME
 (LOSS)           $  63,306    $ (120,846)   $ (148,811)    $ (184,490)
                ===========   ===========    ===========   ===========
EARNINGS (LOSS)
 PER SHARE:
  Basic               $0.03        $(0.07)       $(0.08)        $(0.10)
  Diluted             $0.03        $(0.07)       $(0.08)        $(0.10)

Average shares
 outstanding:
  Basic           1,836,556      1,749,369     1,838,614     1,832,939
  Diluted         1,836,556      1,749,369     1,838,614     1,832,939

Forward-Looking Statements.

This press release contains certain forward-looking statements. The Company's results may differ materially from those in the forward-looking statements. Forward-looking statements are based on management's current views and assumptions, and involve risks and uncertainties that significantly affect expected results. For example, operating results may be affected by several external factors. Such factors include, but are not limited to, changes in the regulatory environment, general conditions in the environmental industry, the Company's competitive position, and economic conditions in international markets.