SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 14, 2003
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ENGLOBAL CORPORATION
(Exact name of registrant as specified in its chapter)
Nevada 001-14217 88-0322261
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
600 Century Plaza Drive, Building 140, Houston, Texas 77073-6033
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 281 821-3200
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(Former name or former address, if changed since last report)
Item 9. Regulation FD Disclosure
On July 14, 2003, ENGlobal Corporation issued a press release, a copy of which
is set forth below. In accordance with General Instructions B.2. Form 8-K, the
following information shall not be deemed "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific reference in such a
filing.
ENGlobal Opens Office in Freeport, Texas;
Purchases Selected Assets of Petro-Chem Engineering, Inc.
HOUSTON--(BUSINESS WIRE)--July 14, 2003--ENGlobal Corporation
(AMEX: ENG) announced today that its subsidiary, ENGlobal Engineering
Inc., has purchased selected assets from Petro-Chem Engineering Inc.
to facilitate the Company's strategic goal of expanding its presence
in Freeport, Texas and the surrounding area. The new office will
immediately serve as a management hub for performance of work
associated with a contract previously announced on June 16th of this
year by which ENGlobal Engineering will be providing on-site
engineering, design and support personnel to its client in Freeport,
Texas and Geismar, Louisiana.
In connection with the transaction, ENGlobal has hired
Petro-Chem's founder, Mr. Joe Urbanovsky along with a staff of
approximately fifty-five engineers, designers, inspectors and support
personnel who are currently engaged on contract projects with various
Freeport area clients. Mr. Urbanovsky will serve as General Manager of
the Freeport operation and brings with him over 35 years of experience
and knowledge in the industry and the Gulf Coast marketplace.
Additionally, ENGlobal has entered into a lease for 23,000 square feet
of office space, which will serve as the Company's Freeport office. By
agreement of both parties, financial terms were not disclosed.
"This transaction provides ENGlobal the opportunity to establish a
meaningful presence in the Freeport market and has allowed us to do so
with experienced and dedicated leadership and staff that have a
respected reputation for expertise and integrity," stated Mike Burrow,
Chairman and CEO of ENGlobal Corporation. "We look forward to quickly
integrating the Freeport office into our existing operations and
continue to aggressively pursue our growth strategy through further
transactions as they become available."
About ENGlobal Corporation "ENGlobal"
ENGlobal Corporation, a product of the merger between Industrial
Data Systems Corporation and Petrocon Engineering, Inc., provides
engineering services and engineered systems principally to the
petroleum refining, petrochemical, and pipeline and process industries
throughout the United States and across the globe. ENGlobal's
multi-discipline engineering and design staff develops projects from
the initial planning stage through detailed design, procurement, and
construction management. The Engineered Systems Group specializes in
control and instrumentation systems utilized in various energy and
processing related industries while its Technologies Division provides
services and products that support the advanced automation and
environmental technology fields. The Constant Power Division
fabricates industrial grade uninterruptible electrical power systems
and battery chargers. Further information about the Company and its
subsidiaries is available at www.englobal.com.
Safe Harbor for Forward-Looking Statements
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 Form 10-K for the
year ended December 31, 2002, Form 10-Q for the quarter ended March
31, 2003, current Forms 8-K, and other SEC filings.
CONTACT: ENGlobal Corporation, Houston
Hulda Coskey, 281-821-3200
Fax: 281-209-2409
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ENGlobal Corporation
Date July 14, 2003 /s/ Hulda L. Coskey
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Hulda L. Coskey, Chief Governance Officer
and Secretary