netGuru Inc. Completes Sale of REI Business; Board to Recommend Use of Proceeds, Business Plan

netGuru, Inc. (Company) (Nasdaq:NGRU) announced the
completion of the sale of the assets and business of netGuru's
Research Engineers (REI) division to privately held Bentley Systems,
Inc. for $23.5 million.
   The Company expects to realize approximately $21.9 million in net
proceeds, of which $2.5 will be reserved for taxes and contractual
reserves, $3.4 million will be used to repay long-term debt, and
approximately $16.0 million will be used for general corporate
purposes.
   netGuru Chairman and Chief Executive Amrit Das commented: "After
transaction costs, taxes, repayments of debt, and establishing
contractual reserves, we anticipate adding approximately $16.0 million
to the Company's cash position.
   "netGuru's board of directors and management are evaluating
alternatives for using these funds as well as strategies for the
Company," Das continued. "We are discussing the possibilities and
expect to announce what netGuru's board of directors recommends as the
best direction for shareholders and the Company."

   About netGuru

   netGuru is an engineering services company offering engineering
business process outsourcing (EBPO) services for the architecture,
engineering, and construction (AEC) industry; document/project
collaboration software/solutions for A/E/C companies, enterprise
software providers, software integrators, and other businesses engaged
in document/project-centric operations; and technical services and
support. netGuru offices are located in the United States, Europe, and
India. For more information go to www.netguru.com.

   Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:

   With the exception of historical or factual information, the
matters discussed in this press release, including performance under
terms of sale, net proceeds, alternatives for the use of proceeds and
the Company's strategies, are forward-looking statements that involve
risks and uncertainties. Actual future results may differ. Factors
that could cause or contribute to such differences in results include,
but are not limited to, ability of the parties to perform under their
agreements, business and financial conditions, demand for the
Company's products and services, competition, and other factors
discussed in the "Risk Factors" Section of netGuru's Form 10-KSB for
the fiscal year ended March 31, 2005, and other filings made with the
U.S. Securities and Exchange Commission.