eng_ex991
ENGlobal Regains Nasdaq Compliance
Houston, December 7, 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 December 4, 2020, stated that for the last
10 consecutive business days, from November 19 to December 3, 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