ENGlobal Ranks Second on Zweig's `Hot 100' List And Reports Other Industry Rankings.Business Editors HOUSTON--(BUSINESS WIRE)--Aug. 7, 2003 ENGlobal Corporation (AMEX AMEX See: American Stock Exchange :ENG ENG electronystagmography. ENG abbr. electronystagmography ENG enzootic nasal granuloma. ), a leading provider of engineering services and engineered systems, announced today that it has been recognized as the second 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 Number 2 in its list of the top 100 "Hot Firms" in its Zweig Letter publication (http://events.zweigwhite.com/hotfirm2003/2003_winners.htm). This is the first year ENGlobal has received a ranking on this list. The Company will be honored, along with the other Hot 100 A/E/C Firms, at the fourth annual Zweig Letter Hot Firm Conference and Celebration being held October 23-24 in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] . In other recent rankings: ENGlobal was named by The Houston Chronicle as Number 1 in revenue growth in its listing of the fastest growing public companies in the area, and placed eighteenth in Engineering News Record's list of petroleum design firms. ENGlobal, together with its CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and COO, will also be featured in an upcoming issue of American Executive magazine, highlighting their management styles and successes. Mike Burrow, chairman and CEO stated, "We at ENGlobal are honored to receive these and other recognitions, as they all highlight our outstanding track record for growth. The mission for our Company going forward is to continue producing profitable results while executing on our aggressive growth strategy." About ZweigWhite ZweigWhite is the leading source of management consulting, information, and education for the design and construction industry. Its weekly newsletter, The Zweig Letter, is the voice of reason for architecture, engineering, and 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. firms. The Zweig Letter Hot Firm 2003 List is based equally on percentage growth and dollar growth in gross revenue from fiscal year 1999 to fiscal year 2002. 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, or allied disciplines. Only firms that were in business as of January 1, 1999, and had 1999 revenue of $1 million or greater, were eligible. About ENGlobal Corporation "ENGlobal" ENGlobal Corporation provides engineering services and engineered systems principally to the petroleum refining, petrochemical, and pipeline 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 across the globe. ENGlobal's multi-discipline engineering and design staff develops projects from the initial planning stage through detailed design, procurement, and construction management. The Engineered Systems Group develops, manufactures, installs, and services control and instrumentation systems utilized in various energy and processing related industries while its Technologies Division provides services and products that support the advanced automation and environmental technology fields. The Constant Power Division fabricates industrial grade uninterruptible electrical power systems and battery chargers. 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, 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 December 31, 2002, Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2003, current Forms 8-K, and other SEC filings. |
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