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Re: themuzicmen post# 20572

Tuesday, 10/21/2003 4:49:48 PM

Tuesday, October 21, 2003 4:49:48 PM

Post# of 275592
Hmmmmm, after-bell news on EEC...
=======================================
Environmental Elements Notified by American Stock Exchange Regarding Listing Standards

BALTIMORE, Oct. 21 /PRNewswire-FirstCall/ -- Environmental Elements
Corporation (Amex: EEC) has received notification from the American Stock
Exchange (the "Exchange") that EEC no longer complies with the Exchange's
continued listing standards as specified in Section 1003 (a)(i) of the Amex
Company Guide in that its stockholders' equity is less than $2 million and it
has sustained losses from continuing operations and/or net losses in two of
its three most recent fiscal years; Section 1003 (a)(ii) of the Amex Company
Guide in that its stockholders' equity is less than $4 million and it has
sustained losses from continuing operations and/or net losses in three of its
four most recent fiscal years; Section 1003 (a)(iii) of the Amex Company Guide
in that its stockholders' equity is less than $6 million and it has sustained
losses from continuing operations and/or net losses in five of its most recent
fiscal years; and, Section 1003(a)(iv) of the Amex Company Guide in that the
company has sustained losses which are so substantial in relation with its
overall operations or its existing financial resources, or its financial
condition has become so impaired that it appears questionable, in the opinion
of the Exchange, as to whether such company will be able to continue
operations and/or meet its obligations as they mature. The Company has
appealed this determination and intends to file a written submission detailing
its plans to regain compliance, however there can be no assurance that the
Company's request will be granted. In the event that their request is denied,
EEC expects that its securities will be eligible to trade through the Over the
Counter Bulletin Board(R) quotation service.
(Logo: http://www.newscom.com/cgi-bin/prnh/20011211/EECLOGO )

Environmental Elements Corporation is a solutions-oriented, global
provider of innovative technology for plant services, air pollution control
equipment and complementary products. The Company serves a broad range of
customers in the power generation, pulp and paper, waste-to-energy, rock
products, metals and petrochemical industries. Statements made in this press
release, other than those concerning historical information, should be
considered forward-looking and subject to various risks and uncertainties.

SOURCE Environmental Elements Corporation
-0- 10/21/2003
/CONTACT: Lawrence Rychlak, President & CFO, Environmental Elements
Corporation, +1-410-368-7007/
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20011211/EECLOGO
PRN Photo Desk, photodesk@prnewswire.com/
/Company News On-Call: http://www.prnewswire.com/comp/284933.html/
/Web site: http://www.eec1.com /
(EEC)

CO: Environmental Elements Corporation; American Stock Exchange
ST: Maryland
IN: ENV MNG PAP CHM


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