ENGlobal Tops Zweig's Hot Firm List for the Second Straight Year.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, for the second straight year, it has been named in The Zweig Letter "Hot 100" Firm Rankings as the fastest growing architecture, engineering, and planning (A/E/P) firm 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. . ENGlobal also topped the "Hot 100" list in 2004 and received a second place ranking in 2003. The "Hot 100" list is compiled by ZweigWhite, a national firm that provides 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 services for the A/E/P industry. ENGlobal will be honored, along with the other "Hot 100" A/E/P Firms, at the sixth annual Zweig Letter Hot Firm Conference and Celebration to be held in October 2005 in Chicago, Illinois. "ENGlobal is especially pleased to retain its number one ranking on Zweig's Hot Firm List," said William A. Coskey, P.E., Chairman of ENGlobal Corporation. "This repeat ranking gives us particular satisfaction in that it demonstrates that we have increasingly grown our business through internal initiatives as well as through mergers and acquisitions. We want to thank our valued clients for their continued support and especially want to recognize the over 1,500 ENGlobal employees for their hard work in helping us become one of the fastest growing companies in the United States." Mark Zweig, publisher of the Zweig Letter, said, "To be number one on the Hot Firm list for two years in a row, ENGlobal Corporation has to be proud. It takes a total commitment to growth - and there are always critics of it, both inside and outside of companies - to achieve this kind of success. The bottom line is high-growth architecture, engineering, planning, 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 consistently outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. the economy - and attract both the best clients and staff." About ZweigWhite ZweigWhite is a leading source of management consulting, information, and education for the design and construction industry. The Zweig Letter Hot Firm 2005 List is based equally on percentage growth and dollar growth in gross revenue from fiscal year 2001 to fiscal year 2004. 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, 2001, and had 2001 revenue of $1 million or greater, were eligible. Further information is available at http://www.thezweigletter.com. 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 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 1,500 employees in 13 offices and occupies over 300,000 square feet of office and manufacturing space. Investors Business Daily recently listed ENGlobal as one of the "10 Highest-Rated Stocks Under $10." 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 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. In addition, the information contained in this press release is subject to the risk factors identified in the Company's most recent Form 10-K. |
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