ENGlobal Completes Acquisition of PCI; Rebranded as ENGlobal Power Group

William A. Coskey, P.E., Chairman and CEO of ENGlobal Corporation, said, "Our expectations are two-fold - initially, we intend to take full advantage of the many opportunities for cross-selling of services, with the ultimate goal being to expand the breadth of services being performed in our new Schaumburg, Illinois location. We are pleased to welcome PCI's management and employees to the ENGlobal family and look forward to the future success of ENGlobal Power Group."

About PCI

PCI Management and Consulting Company ("PCI") provides a full range of services to clients that produce and utilize energy and has extensive experience with a wide variety of energy technologies and fuel types. The Company develops a specific implementation plan for each client and project, taking into consideration the optimal engineering/design together with the appropriate technology and financing alternatives. More information about PCI, including project profiles, is available at www.pcienergy.com.

About ENGlobal

ENGlobal provides engineering, construction, automation, land and regulatory 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

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 integrate PCI's operations into ENGlobal's operations; (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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SOURCE: ENGlobal

ENGlobal 
Natalie S. Hairston, 281-878-1000 
ir@ENGlobal.com