ENGlobal Awarded Reconstruction Project From Huntsman

HOUSTON, Jan. 31, 2013 (GLOBE NEWSWIRE) -- ENGlobal Corporation (NASDAQ: ENG), a leading provider of energy-related engineering and automation services, announced today that it has been awarded a project from Huntsman Performance Products ("Huntsman"), a division of Huntsman Corporation (NYSE: HUN), to provide engineering and project management services at Huntsman's manufacturing plant in Port Neches, Texas.

In April 2012, Huntsman announced its intent to add 250 million pounds per year of EO capacity to its existing one billion pounds annual capacity at the same plant.  ENGlobal expects to perform the engineering, design and project management of the reconstruction of an Ethylene Oxide (EO) Unit.
The Company will begin work on the project immediately with engineering scheduled to be completed in the second quarter of 2013.

Monteith, President of Huntsman Performance Products, said, "The expansion of our ethylene oxide capacity enables Huntsman to leverage the favorable North American ethane cost position, which will benefit our intermediate chemicals and has an attractive projected return on investment.  We are excited to join with ENGlobal to work on this expansion."

"We are pleased to receive this award from Huntsman, who is a long standing and valued client," said William A. Coskey, P.E., ENGlobal's President and Chief Executive Officer. "The award clearly affirms our industry expertise and capability in delivering a safe, quality project in all respects.  We are deeply committed to addressing our clients' unique project needs and production objectives."

Spring and Summer News and Events 2013

Rev 4.0

Below is an interesting story to read when you have some time to think and appreciate a sense of honor that goes beyond most codes of mankind. You will find that it is more than kindness by the results - a code of life. Follow the two links within the article for the real bonus.

 http://www.cnn.com/2013/03/09/living/higher-call-military-chivalry/index.html?hpt=hp_c1

As an addendum to the earlier post  San Antonio Theater Shooting Gun Control and Media many other more practical solutions are being utilized all over the world.


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 "So with all the kindness I can muster, I give this one piece of advice to the next pop star who is asked to sing the national anthem at a sporting event: save the vocal gymnastics and the physical gyrations for your concerts. Just sing this song the way you were taught to sing it in kindergarten -- straight up, no styling. Sing it with the constant awareness that there are soldiers, sailors, airmen and marines watching you from bases and outposts all over the world. Don't make them cringe with your self-centered ego gratification. Sing it as if you are standing before a row of 86-year-old WWII vets wearing their Purple Hearts, Silver Stars and flag pins on their cardigans and you want them to be proud of you for honoring them and the country they love -- not because you want them to think you are a superstar musician. They could see that from your costume, makeup and your entourage. Sing "The Star Spangled Banner" with the courtesy and humility that tells the audience that it is about America , not you."

Unknown Author

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To help the Lovelady family please see end of this link, thank you:

http://www.kfdm.com/shared/news/top-stories/stories/kfdm_vid_3456.shtml


This is one of the most difficult situations in life we now have to face. The world has changed in our lifetimes.  Trying to cover a situation that strikes home from the other side of the world is difficult with sketchy news. But not nearly as difficult as what family and friends are going through.  That is where the thoughts; prayers and efforts should go now in support. God bless the families affected wherever they are – God knows who they are.

In the long-term we need a strong government and military to help prevent and respond to suppress such behavior in the world. It is our responsibility as citizens to voice concerns and control government to meet those goals. To do this we need to remain strong and empowered as citizens.

We are Americans, we are Free.

Burrow Global Acquires/Merges Industrial Engineering Management

Burrow Global, LLC, a Multi-services Provider to Industrial Clients Worldwide, Acquires/Merges Industrial Engineering Management, Inc. hereafter referred to as (IEM)

Burrow strengthens upstream and midstream engineering services and adds full service Baton Rouge and Nassau Bay offices 

HOUSTON, TEXAS (January 3, 2013) Burrow Global, LLC (Burrow) has successfully concluded the friendly acquisition/merger of Baton Rouge, Louisiana and Nassau Bay, Texas based engineering firm, “Industrial Engineering Management, Inc. (IEM)”. A highly respected, multi-discipline firm that started operations in mid-2009, IEM specializes in process/conceptual design and FEL package preparation, plant automation, detailed engineering/design, and construction management. IEM, which currently employs over 90 full time technical employees, services primarily the upstream and midstream oil and gas markets and secondarily the refining and petrochemical industries.
This marriage adds depth of expertise and resources in a resource limited market to the upstream/midstream segments while expanding Burrow Global geographically through IEM's full services offices in Baton Rouge, Louisiana and Nassau Bay, Texas.

Under the terms, Burrow acquired assets and stock of IEM and IEM shareholders became shareholders of Burrow. The transaction recently finalized was effective December 31, 2012 with IEM which has been rebranded as “Industrial Engineering Management, LLC a Burrow Global Company” becoming a wholly owned subsidiary of Burrow Global, LLC. Burrow is a rapidly growing engineering, construction and industrial services company employing 960 people and servicing customers across the globe. With this acquisition, the company now operates from twelve domestic offices Beaumont, Houston, Deer Park, Pasadena, Nassau Bay, Port Arthur, Mont Belvieu, Crystal City, Henderson, and Yoakum Texas, Tulsa, Oklahoma, and Baton Rouge, Louisiana plus two fabrication facilities in Crystal City and Henderson, Texas. Burrow is a global player in the provision of engineering and construction services for industrial clients and specializes in process automation, industrial buildings, plant commissioning, start-up, operations and turnaround management.

“IEM has complementary strengths in process engineering and plant automation, two areas that are synergistic with Burrow and will substantially benefit our customers”, said Mike Burrow, P.E., CEO and Board Chairman of Burrow Global, LLC. “With this acquisition, we can now offer all our industrial clients substantially improved capabilities in front end engineering and plant automation covering most industrial process facilities; especially in the development and design of upstream and midstream facilities. The Baton Rouge office will provide the manpower and home office infrastructure needed to facilitate re-establishing Burrow’s presence in that familiar locale. We will use IEM’s strong, established, local foundation to grow our downstream service offering in Louisiana,” said Burrow.

“The depth of expertise in engineering, procurement, and construction already established by the Burrow companies is well known and I believe we will complement their capabilities, especially in the areas of upstream and midstream industrial facilities,” said Craig Borel, P. E., president and CEO of IEM. “Mike Burrow and I worked together for many years in a Baton Rouge engineering company that was acquired by a former Burrow Managed Company in the 1990’s. Our companies have also recently worked together on several midstream projects to the benefit of our clients. We share common values and goals and we know each other well, so it is a good fit. With Burrow’s size, we will be able to offer considerably more resources to our established clients as well as expand our global opportunities in the future.”

About Industrial Engineering Management, LLC a Burrow Global Company:
Industrial Engineering Management, LLC, is a diversified multi-disciplined, consulting engineering firm, established in 2009. IEM was owned, by Craig Borel, P. E, Samantha Wilds, Jennifer Crawford and Barry Boudreaux and operated as a Louisiana Corporation with offices in Baton Rouge, Louisiana and Nassau Bay, Texas. Industrial Engineering Management, LLC, has worked across the United States and abroad. IEM’s services include the full range of engineering, design, and procurement and construction management. IEM designs are appreciated by clients because of their simplistic approach and ease of maintenance. IEM, LLC started in 2009 with only 8 employees and through hard work, quality services and repeat business has grown to over 90 employees as of 2012 year end.

About Burrow Global, LLC:
Burrow Global, LLC is a full service engineering, procurement, construction and facility services firm with specialties in process design and plant automation, turnaround management, and plant commissioning and start-ups. Founded in November of 2009 by CEO and Board Chairman Michael L. Burrow, P.E., Burrow Global is a privately held firm that has exhibited substantial organic growth since 2010 by using strategic acquisitions to position the company to address the needs of its valued clients. With a clear vision for continuous performance improvement and a global priority for safety in execution, Burrow Global Companies have grown to include twelve domestic offices, two shops and almost 1000 employees. The group of companies expects to exceed $150 million in revenues for 2012 and with this acquisition has a revenue run rate exceeding $200 million annually.

http://www.burrowglobal.com

ENGlobal Corporation: Closes the Midstream Deal

ENGlobal Completes Divestiture of Midstream Inspection Division

Houston, TX, Jan. 3, 2013 (GLOBE NEWSWIRE) -- ENGlobal Corporation (NASDAQ: ENG), a leading provider of energy-related engineering and automation services, announced today that it has closed the previously announced agreement to divest its Midstream Inspection division to Furmanite America, Inc. ("FAI") a subsidiary of Furmanite Corporation.  As announced in December 2012, the total value of the transaction to ENGlobal was approximately $6.5 million, consisting of cash at closing, retained working capital, and a promissory note issued with a parent company guarantee.
ENGlobal intends to use the net proceeds from this transaction to reduce outstanding debt.  The closing of this transaction completes ENGlobal's previously announced intent to divest its Field Solutions segment, which included both its Land/Right of Way and Midstream Inspection divisions, as a means of reducing outstanding bank indebtedness.

Opinion: Kind of a repeat but glad they got it closed.

San Antonio Theater Shooting - Gun Control and Media

Rev. 3.0

San Antonio Theater Shooting



On Sunday December 17, 2012, 2 days after the Connecticut shooting, a man went to a restaurant in San Antonio to kill his ex-girlfriend. After he shot her, most of the people in the restaurant fled next door to a theater. The gunman followed them and entered the theater so he could shoot more people. He started shooting and people in the theater started running and screaming. It was like the Aurora, CO theater story plus now a restaurant!

Now aren’t you wondering why this wasn't a lead story in the national media along with the recent school shooting?
There is a reason for this.

There was an off duty county deputy at the theater. SHE pulled out her gun and shot the man 4 times before he had a chance to kill anyone. So, since this story makes the point that the best thing to stop a bad person with a gun is a good person with a gun, the media is treating it like it never happened.

Only the local media covered it. The city is giving her a medal next week.

Analysis

Don't you find this interesting? The media wants to support the liberal idea of gun control being the only method to deal with these problems and will neglect an event when it ends in a manner that shows a better alternative. Bad people and bad things are going to happen no matter what. It is better to be prepared for those moments and prevent further losses.

Was the Connecticut shooting the worse school mass murder? No - not by any means. Check this out:

http://en.wikipedia.org/wiki/Bath_School_disaster

This perpetrator used dynamite and pyrotol to kill 38 school kids, 6 adults and injured 58 other people. No gun used at all. Look what Timothy McVeigh did with simple fertilizer. No guns used at all.

Gun control will not stop nutcases. There are 250-300 million guns in the US. Those guns give us the largest standing militia in the world and the key to our security as a nation. They are not going to be collected - ever. Minnesota has so many hunters it rates as about the 8th largest "Army" in the world. Even the Japanese considered invading America briefly and decided to attack Pearl Harbor instead. They thought invasion would be suicide or as Admiral Isoroku Yamamoto said, "You cannot invade the mainland United States. There would be a rifle behind every blade of grass." I wonder now why so many entertain gun control considering our second amendment was a great deterrent to the US being invaded during WWII. Does gun control really work? Just ask Hitler, Stalin, Mao Tse-tung, Castro, Qaddafi, Pol Pot, Idi Amin and Kim Jong-il. Gun control is how they took over their own countries.

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government."

Both of the above quotes are by Thomas Jefferson. He and others founded this country. I believe him.

I am continuously incensed with the media’s deliberate attempts to spin the news in a biased manner while creating their own narrative for liberal agenda.

Do liberals really think this is going to work?

A Reminder In History How The Media Play Politics

General VoNguyen Giap.

General Giap was a brilliant, highly respected leader of the North Vietnam military. The following quote is from his memoirs currently found in the Vietnam war memorial in Hanoi:   “What we still don't understand is why you Americans stopped the bombing of Hanoi. You had us on the ropes. If you had pressed us a little harder, just for another day or two, we were ready to surrender! It was the same at the battle of TET. You defeated us!

We knew it, and we thought you knew it. But we were elated to notice your media was helping us. They were causing more disruption in America than we could in the battlefields. We were ready to surrender. You had won!”

General Giap has published his memoirs and confirmed what most Americans knew. The Vietnam war was not lost in Vietnam — it was lost at home. The same slippery slope, sponsored by the U.S. media, is currently underway. It exposes the enormous power of a Biased Media to cut out the heart and will of the American public.

A truism worthy of note: . . . Do not fear the enemy, for they can take only your life. Fear the media, for they will distort your grasp of reality and destroy your honor.

Here is another good article displaying the same sentiment. It is written by Jennifer Cruz about a defensive shooting the took place in Lumberton, TX.

http://www.examiner.com/article/texas-woman-shoots-wanted-serial-robber-possible-rapist-story-ignored-by-msm

Pilot out.

ENGlobal Corporation: Needs More Time To Close A Deal

Houston, TX, Dec. 19, 2012 (GLOBE NEWSWIRE) -- ENGlobal Corporation (NASDAQ: ENG), a leading provider of energy-related engineering and automation solutions, announced today that it entered into a "Second Amendment to Revolving Credit and Security Agreement, Waiver and Forbearance Extension" with its lender.  The extension will be in place through April 30, 2013 and requires ENGlobal's compliance with certain terms and conditions.  This extended period is expected to allow ENGlobal's management sufficient time to see the results of the implementation of its business improvement plan.  As previously reported, ENGlobal hired a management consultant and subsequently developed a plan to restore the Company's compliance with the revolving credit facility.

Opinion: Key phrase, "...requires ENGlobal's compliance with certain terms and conditions."

ENGlobal Corporation: Reduces Operations

ENGlobal Announces Agreement to Sell its Midstream Inspection Division to Furmanite

Houston, TX, Dec. 11, 2012 (GLOBE NEWSWIRE) -- ENGlobal Corporation (NASDAQ: ENG), a leading provider of energy-related engineering and automation services, announced today that it has reached an agreement on terms under which ENGlobal's Midstream Inspection division will be divested to Furmanite America, Inc. ("FAI") a subsidiary of Furmanite Corporation.  The total value of the transaction to ENGlobal is expected to be approximately $6.5 million, consisting of cash at closing, retained working capital, and a promissory note issued with a parent company guarantee.

ENGlobal intends to use the net proceeds from this transaction to reduce outstanding debt.  The transaction is expected to close at year-end, subject to lender approval and the completion of customary conditions.

"Once closed, this sale ensures that 100% of management's attention can be applied to ENGlobal's Engineering and Automation segments," said William A. Coskey, P.E., Founder, Chairman and Chief Executive Officer. "Since August, ENGlobal has been focused on divesting our Field Solutions segment, leading improvement initiatives, and implementing an organizational restructuring that has resulted in a more efficient company."

ENGlobal announced its plan to explore divestiture options of its Field Solutions segment, which included both its Land/Right of Way and Midstream Inspection divisions, in September 2012.  The Company will complete the divestiture within both the timeline and the estimated value attributed to the segment by ENGlobal.

Opinion:

I think it is a good move; getting the house cleaning done for the 'next step'. Ensuring that 100% of management's attention on anything also sounds good to me; on core segments that can be sold - even better.

Good luck to everyone.