Crown Andersen Reports `Very Positive' Results for Fiscal Year 2001.

Business Editors

PEACHTREE CITY, Ga.--(BUSINESS WIRE)--Dec. 21, 2001

Crown Andersen Inc., (NASDAQ: CRAN), the Peachtree City, Georgia-based supplier of engineered products and systems for environmental protection, waste management and product recovery, today announced record

Revenues of $28.91 million were 41% greater than in fiscal year 2000 and exceeded previous record annual revenues in fiscal year 1992 by 15%. Net income of $905,198 or $0.49 per share was $1.17 million ($0.63 per share) greater than the fiscal 2000 loss of $262,735. Fourth quarter fiscal 2001 net income was the highest ever reported by the Company. All subsidiary companies were profitable for the year and firm order backlogs for shipment in fiscal 2002 were about $13 million at September 30, 2001. The Company also reported that it was in final negotiations with three customers for large orders that are expected in January 2002.

A comparison of fiscal 2001 results with fiscal 2000 is provided below.

                          Twelve Months Ended       Three Months Ended
                              September 30             September 30
                          --------------------------------------------
                          2001          2000        2001          2000
                          ----          ----        ----          ----

REVENUES               $28,914,205  $20,473,404  $8,275,526  $4,162,134
                        ----------   ----------   ---------   ---------
Income (loss) before
 taxes                   1,526,898     (308,035)    701,139    (424,209)
Income taxes (benefit)     621,700     ( 45,300)    308,400    ( 98,168)
                        ----------   ----------   ---------   ---------
NET INCOME (LOSS)      $   905,198  $  (262,735) $  392,739  $ (326,041)
                        ==========   ==========   =========   =========

Average shares outstanding:
  Basic                  1,845,248    1,837,070   1,855,217   1,838,614
  Diluted                2,062,314    1,837,070   2,067,862   1,838,614

EARNINGS (LOSS) PER SHARE:
  Basic                $      0.49   $    (0.14) $     0.21  $    (0.18)
  Diluted              $      0.44   $    (0.14) $     0.19  $    (0.18)

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 effect 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.

FOR FURTHER INFORMATION CONTACT: RANDALL MORGAN, CHIEF FINANCIAL OFFICER OR JAN BISCHOFF, SHAREHOLDER RELATIONS CROWN ANDERSEN INC., 306 DIVIDEND DRIVE, PEACHTREE CITY, GEORGIA 30269