ENGlobal Corporation Tops Zweig's `Hot 100' List.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 has been recognized as the fastest-growing architecture/engineering firm by a leading industry organization. Zweig White, an architecture/engineering/ construction (A/E/C A/E/C Architect/Engineer/Contractor ) industry management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm, ranked ENGlobal at the top of its list of the 100 fastest-growing companies in the industry in its Zweig Letter publication http://events.zweigwhite.com/hotfirm2004/2004_winners.htm. In 2003, ENGlobal received a second place ranking on the "Hot 100" list. ENGlobal will be honored, along with the other "Hot 100" A/E/C Firms, at the fifth annual Zweig Letter Hot Firm Conference and Celebration being held Oct. 27-29 in Boston. This annual event features keynote presentations by industry executives who gather to share their strategies for success. "ENGlobal is proud to move to the number one position on this important benchmark list," said Michael L. Burrow, P.E., chairman and chief executive officer of ENGlobal Corporation. "We continue to gain market share and to build the critical level of capabilities needed to compete for larger projects with higher margins. I would like to recognize the professionalism and dedication of our employees as being especially important to reaching this major milestone." Mark Zweig, president and chief executive officer of ZweigWhite, says, "The firms that made this year's Hot Firm List should be proud. They've achieved what many of their competitors could not. It's really great to see the management of these companies is still committed to growth despite the uncertain economy of the past three years. And to be number one on the list, as ENGlobal achieved in 2004, is a tremendous accomplishment. It is a real reflection of their firmwide commitment to their clients and their passion for the engineering business." ZweigWhite is a leading source of management consulting, information and education for the design and construction industry. The Zweig Letter Hot Firm 2004 List is based equally on percentage growth and dollar growth in gross revenue from fiscal year 2000 to fiscal year 2003. The list is limited to firms based in the U.S. deriving the majority of their revenue from the practice of architecture, engineering, planning, environmental consulting Environmental consulting is often a form of compliance consulting, in which the consultant ensures that the client maintains an appropriate measure of compliance with environmental regulations. or allied disciplines. Only firms that were in business as of Jan. 1, 2000, and had 2000 revenue of $1 million or greater, were eligible. 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 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. , pipeline, production and process industries 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. 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 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. 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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