ENGlobal Corporation Named to the Engineering News-Record Ranking of `Top 500 Design Firms' for Tenth Straight Year; ENR Marks Its 130th Anniversary.HOUSTON -- ENGlobal Corporation (AMEX AMEX See: American Stock Exchange :ENG ENG electronystagmography. ENG abbr. electronystagmography ENG enzootic nasal granuloma. ), a leading provider of engineering services, today announced that it was recently recognized as one of the top engineering companies in 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. by Engineering News-Record Engineering News-Record (widely known as ENR) is a weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide. It has been published since 1874. It is owned by The McGraw-Hill Companies. ("ENR ENR Enrolled (bill, resolution, etc. passed by both houses of Congress and re-typed) ENR Engineering News Record EnR Énergies Renouvelables (French) enr Enregistrement (French) ") in the publication's 40th annual "Top 500 Design Firms" 2004 survey (http://enr.construction.com/people/topLists/topDesignFirm/ topdesign_51-100.asp). Overall, ENGlobal placed 59 out of 500 firms having the highest revenue gained from design services performed during 2003 and was one of the 15 highest-ranked publicly traded engineering companies. ENGlobal was ranked 82 of 500 in 2003, compared to its 123rd position in 2002. Between 2002 and 2003, ENGlobal advanced 17 places to become the 29th largest "pure" design firm on the ENR list. In addition, ENR ranked the Company as number 13 out of the 25 largest engineering firms serving the petroleum industry. This reflects a significant improvement from its 2002 placement of number 17. ENGlobal was also ranked as number four in the ranking of the largest 15 pipeline engineering companies, number 12 in the ranking of the top 15 refinery and petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. plant engineering companies and number 19 in the ranking of the top 20 industrial process/petroleum engineering companies. For all categories, companies are ranked 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. revenue for services performed in the applicable year. The following are ENGlobal's awards:
2004 Rank 2003 Rank List List Description
--------- --------- ---- ----------------
59 82 Top 500 Design Firms Overall
29 46 Top 100 Pure Designers Overall
13 17 Top 25 Petroleum Industry Sector
4 11 Top 15 Pipeline Project Type
12 12 Top 15 Refineries &
Petrochemical Plant Project Type
18 19 Top 20 Industrial Process/
Petroleum Project Type
9 (a) Top 10 Cogeneration Project Type
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(a) Not previously ranked.
"For the tenth straight year, our inclusion in the Engineering News-Record ranking as one of the top 500 design firms validates our goal of offering high-quality work and on-time delivery at competitive rates. Our 59th position proves that we continue to be highly regarded by our clients among all engineering companies in the United States," said Michael L. Burrow, P.E., chairman and chief executive officer of ENGlobal Corporation. "Our consistent rise in the ENR ranking over the last three years demonstrates ENGlobal's balanced, steady approach to growing our company over the long term." "The construction marketplace is in the throes throe n. 1. A severe pang or spasm of pain, as in childbirth. See Synonyms at pain. 2. throes A condition of agonizing struggle or trouble: a country in the throes of economic collapse. of major change, and we believe that readers such as the leaders of engineering companies, come to ENR for a clear and broad view of this $49-billion segment," said Janice Tuchman, editor-in-chief of Engineering News-Record. "What always impresses me is how the lists are widely used by firms for benchmarking their own companies and by owners for finding firms to consider for their projects." ENR provides annual rankings of the largest U.S.-based architectural and engineering firms in eight major industry sectors and over 50 project types. In order to be considered for the list, companies must be general contractors A general contractor is an organization or individual that contracts with another organization or individual (the owner) for the construction of a building, road or any other execution of work or facility. , engineering, architectural or environmental design firms, construction management or program management firms and based in the U.S. Since 1874, ENR and its predecessor publications have been considered by many to be the definitive source of technical and business intelligence for top construction professionals. Backed by the resources of McGraw-Hill Construction, ENR provides fast-breaking news, trends and developments strategically focused to help readers seize the latest new business opportunities. About ENGlobal Corporation ENGlobal Corporation provides engineering services and systems principally to the petroleum refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar , petrochemical, pipeline, production and process industries throughout the United States and internationally. ENGlobal's multi-disciplinary engineering services group develops projects from the initial planning stage through detailed design, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and construction management. The systems group develops, manufactures, installs and services control and instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. systems utilized in various energy and process-related industries, and provides services and products that support the advanced automation and environmental technology fields. The Company, with its subsidiaries, now employs over 1,000 employees and occupies over 250,000 square feet of office and manufacturing space. In 2004, the Company was named the fastest-growing engineering firm in the United States by ZweigWhite. 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 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, the Company's ability to achieve its business strategy while effectively managing costs and expenses. 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. Reference is hereby made to cautionary statements set forth in the Company's 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. for the year ended Dec. 31, 2003, Form 10-Q's for the quarters ended March 31, 2004, June 30, 2003 and Sept. 30, 2003, current Forms 8-K, and other SEC filings. Among other matters, there can be no assurance that the Company will be able to sustain its growth or that its operations will continue to be profitable. In addition, the information contained in this press release is also subject to the risk factors identified in the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2003. |
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