Crown Andersen Inc. Receives Nasdaq Marketplace Rule 4310 c 14 Letter.Business Editors PEACHTREE CITY, Ga.--(BUSINESS WIRE)--Jan. 26, 2004 Crown Andersen Inc. (Nasdaq: CRAN n. 1. A measure for fresh herrings, - as many as will fill a barrel. Cran a measure of fish, about 750 herrings, 1797. Noun 1. ), today announced, in conformance with Nasdaq's Marketplace Rule 4815(b), that it has received a letter from Nasdaq indicating that Crown Andersen does not comply with Marketplace Rule 4310(c)(14), which requires the company to provide Nasdaq with copies of all reports required to be filed with the Securities and Exchange Commission. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the letter, Crown Andersen's common stock will be delisted from The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. at the opening of business on January 26, 2004 unless the company requests a hearing in accordance with Marketplace Rule 4800 Series. As noted in Crown Andersen's Form 12b-25 filing with the SEC on December 30, 2003, the company discovered information that caused it to restate its financial statements for the year ended September 30, 2002. Crown Andersen filed the amended annual report for the year ended September 30, 2002 and the subsequent quarters of fiscal 2003 on January 7, 2004. Due to the effort involved in the restatement Restatement A revision in a company's earlier financial statements. Notes: The need for restating financial figures can result from fraud, misrepresentation, or a simple clerical error. , the company was not able to file its annual report on Form 10-KSB within the prescribed time period. 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. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , the company will consider whether it desires to request a hearing with Nasdaq concerning Nasdaq's notification. About Crown Andersen Crown Andersen Inc., through its subsidiaries, designs, manufactures, sells and installs a wide range of industrial air pollution control and air handling systems, product recovery equipment, and a complete line of medical, chemical and industrial waste treatment equipment and systems. Cautionary Statement Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements made in this press release, other than those containing historical information, are forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Such statements involve risks and uncertainties that may cause results to differ materially from those set forth in these statements. Crown Andersen cautions readers that results and events subject to forward-looking statements could differ materially from those in the forward-looking statements. |
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