News

News Release 06-10-2008
Engineering Services Network, Inc. (Corporate Press Release)

ESN Among Top Virginia Companies listed Hispanic Business 500

Despite Bearish Market, Arlington's Engineering Services Network Raises Revenues, Climbs
Annual List of Hispanic-Owned Firms

ARLINGTON, VA (June 10, 2008) – Engineering Services Network Inc. (ESN), a trusted leader in engineering and technology solution, has climbed the 2008 Hispanic Business 500, one of only 18 Virginia companies to make the list.

ESN ranked No. 238 overall, up from No. 243 in 2007. The small, service-disabled veteran-owned (SDVO) company based in Arlington, is the 12th largest Virginia firm on the annual list. The list can be found at: http://www.hispanicbusiness.com/hb500/

“This is an exciting time of growth and opportunity at ESN, and we are honored that our achievements are recognized by the Hispanic Business 500,” ESN CEO and President Raymond F. Lopez Jr. said. “This honor really belongs to ESN’s employees and partners, who together make us a strong team dedicated to serving our nation and our men and women in uniform.”

ESN is an IT and business consulting company specializing in military and government contracts.

For 26 years, the HB 500 has been a barometer of the U.S. Hispanic economy. The annual directory of Hispanic-owned firms tells a story of consistently improving weather. Since first appearing with only 400 companies in 1983, its tally of revenues has increased seven-fold and only twice have the numbers dipped from the previous year.

Last year, market conditions proved especially bearish for U.S. Hispanic companies. Revenues for this year's HB 500 slid backward 0.6 percent to $36.1 billion, and more than 41 percent of CEOs cited market conditions as the top barriers to growth in 2007.

Despite the turbulent economic times, ESN has thrived and grown. Under Lopez’ leadership, ESN has grown from its first $25,000 task order in 1995 to a technology leader with more than $22 million in revenue in 2007, on track to earn more than $50 million by 2011.

Lopez served his country for more than 29 years before retiring from the Navy and becoming president and CEO of ESN. He has focused on building ESN to more than 170 employees and offices throughout the U.S. and worldwide.

“As a retired Navy Mustang, I am especially honored that ESN has been recognized as a veteran-owned company,” said Lopez, a graduate of the Defense Department Mentor-Protégé Program. “Small businesses with a strong foundation in the ethics and integrity of our military are the linchpin of providing solid, trustworthy service to the DoD and other federal customers.”

ESN’s customers include the U.S. Navy, U.S. Army, U.S. Air Force, U.S. Marine Corps, Military Sealift Command, Department of Health and Human Services and other federal agencies. Inc. magazine has named ESN one of the 5,000 fastest-growing private companies in the country – and among the top 100 fastest-growing defense contractors in the U.S

Based in Arlington, VA, ESN has regional and field offices throughout the U.S. and worldwide. Founded in 1995, ESN has achieved ISO 9001:2000 certification. ESN customers include the U.S. Navy, U.S. Army, U.S. Air Force, U.S. Marine Corps, Military Sealift Command, Department of Health and Human Services and other federal agencies. Visit us at esncc.com. ESN is a service-disabled, veteran-owned company

Media Inquiries:
Carol Castaneda
Castaneda Global Communications
1+703-369-0414
castaneda77@aol.com