Crown NorthCorp Schedules Annual Meeting of Stockholders.

COLUMBUS, Ohio -- Crown NorthCorp, Inc.(OTCBB:ASET), which provides a rated asset management and servicing firm, announced today that its 2005 Annual Meeting of Shareholders is scheduled for Friday, October 7, 2005. The Board of Directors has fixed the close of business on September 15, 2005, as the record date for the determination of shareholders entitled to notice of and to vote at the Annual Meeting.

Proposals to be considered at the Annual Meeting include:

(a) the election of six (6) members to Crown's board of directors;

    (b) the approval of a 1-for-100 reverse stock split and a 10-for-1
        forward stock split of the Crown's common stock
        (collectively, the "Stock Splits");

    (c) the approval of a Merger Agreement (the "Merger Agreement")
        for Crown's acquisition of all of the stock of Royal
        Investments Corp.; and

    (d) the approval of an increase in the number of authorized shares
        of Crown's common stock.

Although the Stock Splits and the Merger Agreement were previously announced, Crown is seeking formal stockholder approval at the Annual Meeting to ensure that those transactions satisfy the technical requirements of Delaware law. Holders of greater than 50% of Crown's outstanding common stock have indicated that they will vote their shares in favor of each of the actions to be taken at the Annual Meeting. Accordingly, Crown is not soliciting proxy authorizations or consents to take any of such actions.

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.