Crown NorthCorp Reschedules Annual Meeting of Stockholders.

COLUMBUS, Ohio -- Crown NorthCorp, Inc. (OTCBB:ASET), a rated asset management and servicing firm, announced today that its 2005 Annual Meeting of Shareholders, originally scheduled for Friday, October 7, 2005, at 10:00 a.m. EDT, has been rescheduled to allow its stockholders sufficient time to receive and review Crown's Information Statement on Schedule 14-C relating to the Annual Meeting (the "Information Statement"). Crown filed its preliminary Information Statement with the Securities and Exchange Commission on September 6, 2005, and anticipates finalizing and mailing its definitive Information Statement and announcing a new date for its Annual Meeting shortly.

Crown provides comprehensive financial services to the real estate industry, operating through U. S. offices in Columbus, Ohio and Austin, Texas and European offices in London, Ipswich and Farnham in the United Kingdom; Frankfurt, Germany; Stockholm, Sweden; and affiliated operations in Brussels, Belgium. http://www.crownnorthcorp.com

This press release contains forward-looking statements including, without limitation, statements regarding Crown's efforts to implement future business plans. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described herein. These risks and uncertainties include, but are not limited to, developments in the capital markets, economic conditions, increased competition in the markets Crown serves and the company's financial capabilities. We refer you to the documents Crown files with the Securities and Exchange Commission from time to time which contain additional, important factors that could cause its results to differ from its current expectations and the forward-looking statements contained in this press release.