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 7, 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 June 30, 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 Cogeneration Expansion Contract; Project Man-hours
Expected to Exceed Three-Hundred Thousand
HOUSTON--(BUSINESS WIRE)--June 30, 2003--ENGlobal Corporation
(AMEX:ENG) announced today that its subsidiary, ENGlobal Engineering
Inc., has been awarded a multi-year contract to supply all refinery
upgrade work on a 465 megawatt Cogeneration power project for one of
its long-time clients, a major energy supplier. ENGlobal will have
full responsibility for the detailed engineering, procurement and
construction management for all work performed within the boundaries
of the refinery located in the Gulf Coast region.
Under the new contract, ENGlobal will immediately begin the
detailed engineering phase that follows the front-end loading (FEL)
phase of the project, which was recently concluded under a separate
contract. The Company expects project man-hours to be approximately
300 thousand through completion, representing revenues of
approximately $17 million. Management of the project will be provided
through ENGlobal's Beaumont engineering office and staffing levels are
expected to peak at over 100 people with startup targeted for
mid-2005. A large portion of the workforce will come directly from the
Beaumont and surrounding area.
"We, at ENGlobal, are pleased to continue our work on this
important project," stated Michael L. Burrow, P.E., chairman and CEO
of ENGlobal. "Our staff takes pride in routinely executing jobs under
budget and ahead of schedule. We are honored to be rewarded for these
efforts and eager to deliver on our uncompromising commitment of
quality and safety."
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 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 Dec. 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 7, 2003 /s/ Hulda L. Coskey
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Hulda L. Coskey, Chief Governance Officer and
Secretary