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ENGlobal Announces Inclusion in the Russell 3000(R) Index.


HOUSTON -- ENGlobal Corporation (AMEX AMEX

See: American Stock Exchange
:ENG ENG electronystagmography.

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abbr.
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enzootic nasal granuloma.
), a leading provider of engineering and systems services, today announced that it has been named to the Russell 3000(R) Index. On July 3, 2006, Russell posted an updated membership listing of each of its indices at www.russell.com/US/Indexes. The newly reconstituted Russell U.S. indexes became effective June 30, 2006 at the close of the U.S. markets.

Russell's family of U.S. indexes was created more than 20 years ago to support its core business of understanding and evaluating investment managers. More than $3.8 trillion in assets are benchmarked to Russell indexes Russell Indexes

US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington.
. Investment managers who oversee these funds purchase shares of member stocks according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 that company's weighting in the particular index.

"Our inclusion in the Russell 3000 Index The Russell 3000 Index is a stock market index of US stocks.

The ticker is "RUA" or similar.

See Russell Indexes page for main discussion.

See also the iShares Russell 3000.
 is exciting news, and is another indication of the Company's tremendous growth in recent years," said, Michael L. Burrow, P.E., President and Chief Executive Officer of ENGlobal. "We expect that ENGlobal will gain added visibility in the public markets as a result of this recognition."

About Russell

Russell Investment Group Russell Investment Group is an investment firm with global reach, providing investment products and services to individuals and institutions in 44 countries. A pioneer in multi-manager investing, and the creator of Russell Indexes, Russell manages more than US$200 billion in assets , a global leader in multi-manager investment Multi-manager investment is an investment product that consists of multiple specialized funds. Each specialized fund may invest across different sectors and markets, or having managers investing in the same asset class but have different investment styles.  services, provides investment products and services in 44 countries. Russell manages more than $167 billion in assets and advises clients worldwide representing more than $2.4 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. More information is available at www.russell.com.

About ENGlobal Corporation

ENGlobal Corporation provides engineering and systems services principally to the petroleum refining, petrochemical, pipeline, production, and process industries throughout the United States and internationally. ENGlobal's multi-disciplinary engineering group develops projects from the initial planning stage through detailed design, procurement, and construction management. The systems group designs, fabricates, and supports control, instrumentation and analyzer systems utilized in various energy and process-related industries. The Company, with its subsidiaries, now employs over 2,100 employees in 18 offices and occupies over 400,000 square feet of office and manufacturing space. In 2005 and 2004, the Company was named the #1 fastest growing engineering firm in the United States and Canada by ZweigWhite and was ranked #2 in 2006 and 2003. Further information about the Company and its subsidiaries 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

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 continued strong performance of the energy sector. 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. There can be no assurance that inclusion on the Russell 3000 Index will result in added visibility for ENGlobal. 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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 6, 2006
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