Exhibit 99.1
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NEWS RELEASE
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FOR IMMEDIATE RELEASE
ENGlobal (R)
CONTACT: Natalie S. Hairston
(281) 878-1000
ir@ENGlobal.com
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ENGLOBAL ANNOUNCES FORMATION OF GOVERNMENT AND INFRASTRUCTURE GROUP;
New Organizational Appointments
HOUSTON, TX, October 15, 2009 - ENGlobal (NASDAQ: ENG), a leading provider of
engineering and related project services, today announced the formation of a
Government and Infrastructure business unit. This initiative will target markets
that the Company believes have significant potential for ENGlobal's services,
such as providing design, installation and maintenance of various government,
public sector, and international facilities. The Government and Infrastructure
group will include the Company's technical services division that provides
automated fuel handling systems and instrumentation and control services to
branches of the U.S. military.
In support of this strategy, the following senior level appointments have been
announced:
Michael M. Patton, currently Senior Vice President-Business Development, has
been appointed President of the Government and Infrastructure group. In his new
role, Mike will oversee the newly formed business which will be responsible for
ENGlobal's domestic and international activities on behalf of government and
infrastructure clients. Mr. Patton has over 29 years of experience in all
aspects of multi-discipline engineering and construction projects for the oil
and gas, electrical power, military and municipal utility industries.
J. Michael Harrison, has assumed the role of Senior Vice President-Business
Development. Mr. Harrison will oversee company-wide sales and marketing
activities. Mr. Harrison has over twenty years engineering and construction
experience in the refining, petrochemical, pipeline and midstream oil/gas
processing industries, with such firms as Aker Kvaerner and Jacobs Engineering.
His past successes include selling capital project engineering services from $5
million to $500 million in total installed cost, developing and implementing
sales strategies, global account management, and international sales.
"I believe our new Government and Infrastructure business has tremendous
potential and I fully expect it to contribute to the future growth for the
Company. We have a great leader in Mike Patton, a person who is uniquely
qualified to make this new venture a success," said William A. Coskey, P.E.,
Chairman and CEO of ENGlobal Corporation. "In addition, we are very happy to
welcome Mike Harrison to the ENGlobal senior management team. His enthusiasm and
vast experience should serve us - and our clients - well. I have great respect
for Mike Patton and Mike Harrison and believe they will both excel in their
important new roles."
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654 N. Sam Houston Parkway E. * Suite 400 * Houston, Texas 77060
www.ENGlobal.com
ENGlobal Press Release
October 15, 2009
Page 2
About ENGlobal
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ENGlobal provides engineering, construction, automation, land and governmental
services principally to the energy sector throughout the United States and
internationally. The Company has over 2,200 employees in 19 offices and occupies
about 500,000 square feet of office and fabrication 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 six years. Further information about
the Company and its businesses is available at www.ENGlobal.com.
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) our ability to
respond appropriately to the current worldwide economic situation and the
resulting decrease in demand for our services and competitive pricing pressure;
(2); our ability to achieve our business strategy while effectively managing
costs and expenses; (3) our ability to successfully sell our services to the
government and to infrastructure clients; (4) our ability to collect accounts
receivable in a timely manner; (5) our ability to accurately estimate costs and
fees on fixed-price contracts; (6) the effect of changes in laws and regulations
with which the Company must comply and the associated costs of compliance with
such laws and regulations, either currently or in the future, as applicable; (7)
the effect of changes in the price of oil; (8) the effect of changes in
accounting policies and practices as may be adopted by regulatory agencies, as
well as by the FASB; (9) the effect on our competitive position within our
market area in view of, among other things, increasing consolidation currently
taking place among our competitors; and (10) our ability to increase or replace
our line of credit. 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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