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NEWS RELEASE
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FOR IMMEDIATE RELEASE
ENGlobal Corporation
CONTACT: Natalie S. Hairston
(281) 878-1000
ir@ENGlobal.com
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ENGLOBAL SIGNS THREE-YEAR SUBCONTRACTOR AGREEMENT WITH WORLEYPARSONS
HOUSTON, TX, APRIL 5, 2006 - ENGlobal Corporation (AMEX: ENG), a leading
provider of engineering and systems services, today announced that its
wholly-owned subsidiary, ENGlobal Engineering, Inc. ("EEI"), has been awarded a
three-year contract from WorleyParsons (ASX: WOR), a leading provider of
professional services to the energy, resource, and complex process industries,
to subcontract engineering, procurement and construction management services for
ExxonMobil in the Beaumont area.
Under the agreement, WorleyParsons and ENGlobal will provide ExxonMobil with
process design, detailed engineering, procurement, and construction management
services. EEI's Beaumont office will primarily support this project, with
approximately 100 people, utilizing resources from other offices on an as needed
basis. WorleyParsons and ENGlobal plan to use an integrated team approach and
work closely with ExxonMobil personnel.
"We look forward to working with WorleyParsons over the next three years, on
what we consider to be a strategic opportunity to work with ExxonMobil," said
Michael L. Burrow, P.E., ENGlobal's President and Chief Executive Officer. "By
teaming with WorleyParsons, ENGlobal is able to participate in the maintenance
and project work available at ExxonMobil, and build on our quality, long-term
relationship."
About ENGlobal Corporation
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ENGlobal Corporation provides engineering and systems services principally for
the petroleum refining, petrochemical, pipeline, production, and process
industries throughout the United States and internationally. ENGlobal's
multi-disciplinary engineering group develops projects from the initial planning
stage through detailed design, procurement, 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 1,800 employees in 14 offices and occupies over
300,000 square feet of office and manufacturing space. In 2005 and 2004, the
Company was named the #1 fastest growing engineering firm in the United States
by ZweigWhite and was ranked #2 in 2003. Further information about the Company
and its subsidiaries is available at www.ENGlobal.com.
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654 N. Sam Houston Parkway E. o Suite 400 o Houston, Texas 77060-5914
www.ENGlobal.com
ENGlobal Corporation Press Release
April 5, 2006
Page 2
Safe Harbor for Forward-Looking Statements
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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, and
the continued strong performance of the energy sector. 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. Among other matters, there can be no assurance that the
Company will provide significant services under its new contract or that the
provisions of those services will be profitable. In addition, reference is
hereby made to cautionary statements set forth in the Company's most recent
reports on Form 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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