The financial statements of Evans, Inc. (the "Registrant") will not
be completed by May 30, 1997, the last day for filing of its annual
report on Form 10K for the year ended March 1, 1997.
The registrant is in negotiations with its lender for modifications
to certain terms of its loan agreement. These modifications will have
a material effect on the Registrants's financial statement disclosures
for the year ended March 1, 1997. Due to the time required to produce
financial data and other needed information, the Registrant was unable
to complete the formal loan modifications before the due date of the
annual report on Form 10K.
