eng_ex991
EXHIBIT 99.1
ENGLOBAL Selected to Join Russell
Microcap® Index
HOUSTON, TX, June 17, 2021
-- ENGlobal Corporation (NASDAQ:ENG), a leading provider
of innovative, engineered modular
solutions, today reported that
it has been selected to join the Russell Microcap® Index at
the conclusion of the 2021 Russell indexes annual reconstitution,
effective after the U.S. markets close on Friday, June 25, 2021,
according to a preliminary list of additions posted by Russell on
June 4, 2021.
Membership in the Russell Microcap® Index, which lasts for one
year, provides automatic inclusion in the appropriate growth and
value style indexes. FTSE Russell determines membership for its
Russell indexes primarily by market-capitalization rankings and
style attributes.
“We are pleased to have been selected for addition to the
Russell Microcap® Index,” said ENGlobal chief executive
Mark Hess. “We believe this addition validates the stability
of our business and our future business prospects, and will be an
added opportunity for us to heighten investor awareness as we work
to build shareholder value.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $10.6 trillion in
assets are benchmarked against Russell’s U.S. indexes.
Russell indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell Microcap® Index and the
Russell indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell
website.
About ENGlobal
ENGlobal (NASDAQ:ENG) is a leading provider of complete project
solutions for renewable and traditional energy throughout the
United States and internationally. ENGlobal operates through two
business segments: Commercial and Government Services. Further
information about the Company and its businesses is available at
www.ENGlobal.com.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act, as
amended, including those relating to the timing and completion of
the proposed offering and other statement that are predictive in
nature. These statements may be identified by the use of
forward-looking expressions, including, but not limited to,
"expect," "anticipate," "intend," "plan," "believe," "estimate,"
"potential," "predict," "project," "should," "would" and similar
expressions and the negatives of those terms. These statements
relate to future events and involve known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements to be materially different from any
results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include the risk factors
set forth in the Company's filings with the SEC, including, without
limitation, its Annual Report on Form 10-K for the year ended
December 26, 2020, and its subsequently filed Quarterly Reports on
Form 10-Q, and Current Reports on Form 8-K, as well as the risks
identified in the shelf registration statement and the prospectus
supplement relating to the offering. Prospective investors are
cautioned not to place undue reliance on such forward-looking
statements, which speak only as of the date of this press release.
The Company undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
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CONTACT:
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
Mark A. Hess
Phone: (281) 878-1000
E-mail: ir@ENGlobal.com