ENGlobal Completes Acquisition of PCI; Rebranded as ENGlobal Power Group

Safe Harbor for Forward-Looking Statements Certain 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 including, but not limited to: (1) our ability to respond appropriately to...

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Bibliographic Details
Published inBusiness Wire
Format Newsletter
LanguageEnglish
Published New York Business Wire 17.08.2009
Subjects
Accounting policies
Acquisitions & mergers
Agreements
Appropriate technology
Asset acquisitions
Competition
Energy industry
Engineering firms
Regulatory agencies
United States > US
HOUSTON
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Summary:Safe Harbor for Forward-Looking Statements Certain 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 including, but not limited to: (1) our ability to respond appropriately to the current worldwide economic situation and the resulting decrease in demand for our services and competitive pricing pressure; (2) our ability to achieve our business strategy while effectively managing costs and expenses; (3) our ability to successfully integrate PCI's operations into ENGlobal's operations; (4) our ability to collect accounts receivable in a timely manner; (5) our ability to accurately estimate costs and fees on fixed-price contracts; (6) the effect of changes in laws and regulations with which the Company must comply and the associated costs of compliance with such laws and regulations, either currently or in the future, as applicable; (7) the effect of changes in the price of oil; (8) the effect of changes in accounting policies and practices as may be adopted by regulatory agencies, as well as by the FASB; (9) the effect on our competitive position within our market area in view of, among other things, increasing consolidation currently taking place among our competitors; and (10) our ability to increase or replace our line of credit.