ENGlobal Announces Houston and Beaumont Expansions.Company Signs Leases Totaling 133,000 Square Feet HOUSTON -- ENGlobal (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ENG ENG electronystagmography. ENG abbr. electronystagmography ENG enzootic nasal granuloma. ), a leading provider of engineering and related project services, today announced that it has finalized two leases totaling approximately 133,000 square feet for expansions to its engineering and automation facilities in Beaumont and Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . Terms of the transactions were not disclosed. The first lease is for a new 52,000-square-foot engineering and administration building located at 3155 Executive Blvd. in Beaumont's Executive Business Plaza. The facility is on the same site and replaces the building destroyed by Hurricane Rita Hurricane Rita was the fourth-most intense Atlantic hurricane ever recorded and the most intense tropical cyclone ever observed in the Gulf of Mexico. Rita caused $11.3 billion in damage on the U.S. Gulf Coast in September 2005. in September 2005. The Company, which is currently in the process of moving into the new building, now occupies a total of 134,000 square feet in Beaumont. The second lease is for approximately 81,000 square feet of new fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. space in Houston to support ENGlobal's automation segment. The new industrial space is located at 225 Portwall St. within the Portwall Distribution Center II and represents an expansion for the firm, which is moving from 63,000 square feet at a nearby location. The Company's automation group is slated to relocate to its new space in March 2009. "We are pleased to announce the expansions of our engineering and automation locations," said ENGlobal's Chairman and Chief Executive Officer, William A. Coskey, P.E. "The moves are necessary to support the Company's growth and its need for improved facilities. The Beaumont location illustrates our continuing commitment to employees and clients in and around the Golden Triangle Golden Triangle can refer to:
About ENGlobal ENGlobal provides engineering, construction, automation, land and regulatory services principally to the energy sector throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and internationally. The Company has over 2,700 employees in 20 offices and occupies over 500,000 square feet of office and fabrication space. ENGlobal has been named one of the fastest growing engineering firms in the United States and Canada by ZweigWhite in each of the last five years. Further information about the Company and its businesses is available at www.ENGlobal.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties including, but not limited to; (1) the Company's ability to achieve its business strategy while effectively managing costs and expenses; (2) the Company's ability to successfully and profitably integrate acquisitions; and (3) the successful financial performance of each business unit. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in ENGlobal's filings with the Securities and Exchange Commission. In addition, reference is hereby made to cautionary statements set forth in the Company's most recent reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q, and other SEC filings. Also, the information contained in this press release is subject to the risk factors identified in the Company's most recent Form 10-K. Click here to join our email list: http://www.b2i.us/irpass.asp?BzID=702&to=ea&s=0. |
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