Article: Hanover Compressor Company to File Extension on its 2003 Form 10-K.

Energy Editors/Business Editors

HOUSTON--(BUSINESS WIRE)--March 16, 2004

Hanover Compressor Company (NYSE:HC), today announced that it intends to file a Form 12b-25 with the SEC, which provides a 15-day extension with respect to the filing of its annual report on Form 10-K for the year ended December 31, 2003.

In August 2003, the Company exercised an option to acquire the remaining 49% interest in its subsidiary, Belleli Energy S.r.l., for approximately $15.0 million in order to gain control of Belleli. During the fourth quarter of 2003, Hanover completed its purchase price allocation and performed its annual impairment review of goodwill. ...

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