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) October 20, 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 October 20, 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 Awarded Instrument Replacement Project; Contract Provides New
Jobs for Baton Rouge Office
HOUSTON--(BUSINESS WIRE)--Oct. 20, 2003--ENGlobal Corporation
(AMEX:ENG), a leading provider of engineering services and engineered
systems, today reported that its subsidiary, ENGlobal Engineering
Inc., has been awarded a contract to provide the engineering and
construction support for an instrument replacement project for the
ExxonMobil Baton Rouge Refinery. ENGlobal will have full
responsibility for the front end engineering, detailed engineering,
procurement and construction support for Phase 1 of a multiple-phase
project.
Under the new contract, ENGlobal will immediately begin the
front-end engineering of Phase 1 through its Baton Rouge engineering
office and staffing levels are expected to peak at over 25 people.
Completion of Phase 1 is expected sometime during the second quarter,
2005 with projected revenues of approximately $2 million. All phases,
which are expected to be executed over a several year period,
represent a potential contract value of over $10 million. With the
successful completion of Phase 1, the contract may be amended for each
subsequent phase based on performance.
Mike Burrow, chairman and CEO of ENGlobal, stated, "This project
represents a major milestone in our longstanding plan to rebuild our
Baton Rouge office to higher levels than before the current downturn
in Petrochemicals. A long-term contract, such as this, provides a base
load of work which gives management the confidence to move forward
with the aggressive execution of its business plan. Due to market
conditions, some excellent talent is available in Baton Rouge today.
While we have sufficient manpower to perform this work, this contract
will allow us to expand our staff, which, in turn, increases our
ability to better serve our customers in Baton Rouge. It will also
demonstrate the capabilities of our Baton Rouge office to continue
ENGlobal's reputation for providing outstanding quality performance on
major distributed control systems ("DCS") and instrumentation
upgrades."
About ENGlobal Corporation ("ENGlobal")
ENGlobal Corporation 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-disciplinary engineering and design
staff develops projects from the initial planning stage through
detailed design, procurement, and construction management. The
Engineered Systems Group develops, manufactures, installs, and
services 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 quarters ended March
31, 2003 and June 30, 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 October 20, 2003 /s/ Hulda L. Coskey
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Hulda L. Coskey, Chief Governance Officer and
Secretary