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8-K - CURRENT REPORT - ENGLOBAL CORP | eng_8k.htm |
Exhibit 99.1
ENGlobal Regains Nasdaq Compliance
Houston, June 3, 2020 -- ENGlobal (NASDAQ:ENG), a leading provider of engineered modular
solutions, today announced that it has received official
notification from The Nasdaq Stock Market that the company has
regained compliance with the minimum bid price requirement for
continued listing on the NASDAQ Capital Market.
This
notification, dated June 2, 2020, stated that for the last 10
consecutive business days, from May 15 to June 1, 2020, the closing
bid price of the company's common stock has been at $1.00 per share
or greater. Accordingly, the company has regained compliance with
Nasdaq Listing Rule 5550(a)(2) and this matter is now
closed.
About ENGlobal
ENGlobal
(Nasdaq:ENG) is a provider of engineering and automation services
primarily to the energy sector throughout the United States and
internationally. ENGlobal operates through two business segments:
Automation and Engineering. ENGlobal's Automation segment provides
services related to the design, fabrication and implementation of
distributed control, instrumentation and process analytical
systems. The Engineering segment provides consulting services for
the development, management and execution of projects requiring
professional engineering, construction management, and related
support services. Within ENGlobal's Automation segment, ENGlobal
Government Services, Inc. provides engineering, design,
installation, operations, and maintenance of various government,
public sector, and international facilities, specializing in
turnkey automation and instrumentation systems for the U.S. Defense
industry worldwide. Further information about the Company and its
businesses is available at www.ENGlobal.com.
Safe Harbor for Forward-Looking Statements
The statements above regarding the Company's expectations, its
operations and certain other 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 For a discussion of risks and uncertainties, which
could cause actual results to differ from those contained in the
forward-looking statements, see ENGlobal's filings with the
Securities and Exchange Commission, including the Company's most
recent reports on Form 10-K and 10-Q, and other SEC
filings.
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CONTACT:
Mark
A. Hess
Phone:
(281) 878-1000
E-mail: ir@ENGlobal.com
Market
Makers - Investor Relations
Jimmy
Caplan
512-329-9505
Email: jimmycaplan@me.com
Market
Makers - Media Relations
Rick
Eisenberg
212-496-6828
Email: eiscom@msn.com