NEW ORLEANS, LOUISIANA -- Avondale Industries, Inc. (NASDAQ/NMS-AVDL), today announced that because of current market conditions, the Trustees for the Avondale Employee Stock Ownership Plan (ESOP) have requested the Company to withdraw a Registration Statement with the Securities and Exchange Commission relating to the proposed offering of 3.0 million shares of the Company’s common stock. The Registration Statement had previously been filed last month covering 2,950,000 shares to be sold by the Company’s ESOP and the remainder to be offered by the Company. Avondale Industries, Inc., headquartered in metro New Orleans, designs, builds and overhauls both military and commercial vessels.