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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 WHITE CLIFFS PIPELINE PROJECT AWARD
HOUSTON, TX, JULY 30, 2007 - ENGlobal Corporation (AMEX: ENG), a leading
provider of engineering and professional services, today announced that its
wholly-owned subsidiary, ENGlobal Engineering, Inc. ("EEI"), has been awarded a
contract by SemCrude, L.P. ("SemCrude") to provide project management,
engineering, design, procurement and construction management services for the
construction of the 72,000 barrel per day crude oil White Cliffs Pipeline from
Platteville, Colorado to Cushing, Oklahoma. SemCrude, the crude oil subsidiary
of privately-held SemGroup, L.P., is headquartered in Tulsa, Oklahoma and
provides field services and terminal-to-market transportation services along the
Gulf Coast and Mid-Continent area. The value of the cost reimbursable project is
estimated at approximately $8 million.
Under the contract, ENGlobal expects to perform a variety of professional
services for the 500+ mile pipeline that will include work on four pump
stations, storage facilities, metering and support systems installations. The
scope of the project also includes finalizing the pipeline route and developing
the route survey. ENGlobal began work on the project in late February and will
prepare the majority of the deliverables from its Tulsa and Denver, Colorado
offices.
"We would like to thank SemCrude and SemGroup for their confidence in ENGlobal's
work product," said William A. Coskey, P.E., ENGlobal's Chairman and Chief
Executive Officer. "ENGlobal has enjoyed a great working relationship with
SemGroup in the past and now we look forward to expanding our role with
SemCrude."
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 450,000 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.
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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 30, 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 perform projects and
integrate acquisitions; and (3) 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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