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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 CORPORATION ANNOUNCES CONTRACT AWARD
HOUSTON, TX, JULY 26, 2007 - ENGlobal Corporation (AMEX: ENG), a leading
provider of engineering and professional services, today announced that its
wholly owned subsidiary, ENGlobal Engineering, Inc., has been selected by
Houston-based DKRW Advanced Fuels, LLC, a subsidiary of DKRW Energy, LLC, to act
as an engineering representative for a planned 13,100 barrel per day
coal-to-liquids (CTL) plant.
ENGlobal is one of several specialty engineering firms contracted to provide
front end engineering and design services for the CTL facility near the town of
Medicine Bow, Wyoming. The contract involves a broad range of logistics,
engineering, and technical services relating to activities in and around the
plant. It is anticipated that this project, estimated to have a total cost of $2
billion, will be complete by early 2011. ENGlobal's Houston and Tulsa offices
are expected to perform engineering and related services on a time and materials
basis. The total contract value was not disclosed due to contractual covenants.
About DKRW Advanced Fuels LLC
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DKRW Advanced Fuels is a development-state hydrocarbon conversion company,
focused on the commercial development, construction, ownership and operation of
facilities designed to convert lower-value hydrocarbons into products that
traditionally have been produced by crude oil. By utilizing proven coal
gasification and liquefaction technologies, the company plans to convert more
abundant resources, primarily solid hydrocarbons such as coal, into
competitively priced products, including ultra-low sulfur diesel fuel. The
company's initial project is a coal-to-liquids facility at the mouth of the
Saddleback Hills Mine in Carbon County, Wyoming. It is also pursuing projects in
other parts of the U.S. and exploring international opportunities. DKRW Advanced
Fuels is a subsidiary of DKRW Energy LLC. Other shareholders include Arch Coal
(NYSE: ACI), the second largest coal producer in the U.S., and Och-Ziff Capital
Management, a New York-based private equity firm. More information on DKRW
Advanced Fuels is available on the internet at www.dkrwaf.com.
About ENGlobal Corporation
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ENGlobal Corporation provides engineering, automation systems, field inspection,
and land management and regulatory services principally to the petroleum
refining, petrochemical, pipeline, production, and process industries throughout
the United States and internationally. The Company, with its subsidiaries, now
employs over 2,400 employees in 18 offices and occupies over 400,000 square feet
of office and manufacturing space. In 2004 and 2005, the Company was named the
#1 fastest growing engineering firm in the United States and Canada by
ZweigWhite and was ranked #2 in 2006 and 2003. Further information about the
Company and its subsidiaries is available at www.ENGlobal.com.
~ more ~
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654 N. Sam Houston Parkway E. o Suite 400 o Houston, Texas 77060
www.ENGlobal.com
ENGlobal Corporation Press Release
July 26, 2007
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: (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 profitability of the DKRW project; and (4) 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. 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. Also, 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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