ENGlobal Corporation: A Stay Is Granted

HOUSTON, Oct. 31, 2012 (GLOBE NEWSWIRE) -- ENGlobal Corporation (Nasdaq:ENG), a leading provider of energy-related project delivery solutions, announced today that it has been granted additional time by its lender for the purpose of negotiating the terms of an extended waiver period. As previously announced, ENGlobal has hired a management consultant and is developing a plan to restore the Company's compliance with its credit facility. This extended period through the first quarter of 2013 would allow ENGlobal's management sufficient time to implement this plan.