ENGlobal Receives Refinery Contract.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 professional services, today announced that a major refiner has awarded ENGlobal's engineering group a contract to assist with the modification of a fluid catalytic cracking (FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ) unit at a refinery in the Southeastern United States. The project scope includes engineering and procurement services for both the processing unit inside the battery limits (ISBL (language) ISBL - A mathematical query language. ) and ancillary systems outside the battery limits (OSBL OSBL Outside Battery Limits OSBL Outside Boundary Limits ), which together are estimated to generate approximately 100,000 manhours of work over the life of the project. The project is part of an ongoing modification program at the refinery, which is scheduled to be completed by the first quarter 2009. Both the ISBL and OSBL portions of the work will be executed concurrently and will utilize up to 90 employees in ENGlobal's Tulsa office on a time and materials labor and materials (time and materials) n. what some builders or repair people contract to provide and be paid for, rather than a fixed price or a percentage of the costs. basis. William A. Coskey, P.E., ENGlobal's Chairman and Chief Executive Officer, said, "We are very pleased that ENGlobal was awarded this contract. Having been selected for both the ISBL and OSBL work, ENGlobal is able to provide an increased level of services throughout the scope of the project. We would like to thank our client for their continued confidence in our abilities." About ENGlobal Corporation ENGlobal Corporation provides engineering, automation, construction, land and regulatory services principally to the energy sector throughout the United States and internationally. The Company now employs approximately 2,500 employees in 20 offices and occupies over 450,000 square feet of office and fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. 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 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; (3) the continued strong performance of the energy sector; and (4) the Company's ability to provide significant services under its new contract or that the provisions of those services will be profitable. 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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