Business Editors
HOUSTON--(BUSINESS WIRE)--Sept. 10, 2002
Analyst coverage was initiated on ENGlobal Corporation (AMEX:ENG), a leading provider of engineering services and engineered systems, on Sept. 4. The initial 16-page independent research report was issued by Robert Davis
In additional news, on Wednesday, Sept. 4, the Company rang the opening bell at the American Stock Exchange in celebration of its new name and trading symbol. Present at the bell ringing ceremony were Mike Burrow, chairman and CEO, Bill Coskey, president and COO, Bob Raiford, CFO, and Hulda Coskey, CGO. Replays of the bell ringing ceremony can be viewed at www.amex.com -- At the Amex -- News & Events -- Events.
About ENGlobal Corporation "ENGlobal"
ENGlobal Corporation (formerly known as Industrial Data Systems Corporation) is a leading provider of engineering services and engineered systems principally to the pipeline and process industries throughout the United States and internationally. ENGlobal's multi-disciplined engineering staff develops projects from the initial planning stage through the detailed design, procurement, and construction management stages. Manufactured products include automation and control systems, conditioned power systems and HVAC equipment. ENGlobal is the parent of nine wholly-owned operating subsidiaries: Petrocon Engineering Inc., IDS Engineering Inc., RPM Engineering Inc., Petrocon Construction Resources Inc., Petrocon Systems Inc., Triangle Engineers and Constructors Inc., Petrocon Engineering of Louisiana Inc., Constant Power Manufacturing Inc. and Thermal Corporation. Further information about the Company and its subsidiaries is available at http://www.englobal.com.
About JM Dutton & Associates
Dutton & Associates is an investment research firm offering independent, fundamental research on public companies. Dutton & Associates provides economically bias-free, continuing analyst coverage of enrolled companies, and its research has wide distribution.
Disclaimer
JM Dutton & Associates is the only analyst known by the Company to have published research reports on the Company. The Company's announcement of such research does not indicate endorsement or approval of any of the analysts' evaluations, ratings, opinions, or projections.
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 IDS' 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, 2001, Form 10-Q for the quarters ended March 31 and June 30, 2002, current Forms 8-K, and other SEC filings.