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EGN Engineering.Com Incorporated

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Share Name Share Symbol Market Type
Engineering.Com Incorporated TSXV:EGN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

ENGINEERING.com Incorporated Announces Private Placement

03/02/2009 8:59pm

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Engineering.Com Incorporated (TSXV:EGN)
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ENGINEERING.com Incorporated (the "Company") (TSX VENTURE: EGN) wishes to announce a non-brokered private placement of approximately 7,374,124 Common Shares at a subscription price of $0.05 per share for gross proceeds of $368,706.20.

In accordance with the Rules of the TSX Venture Exchange, the Company also announces that the offering will be entirely subscribed for by Mr. Frank Baldesarra, Chairman of the Company. Prior to the completion of the offering, Mr. Baldesarra controls 11,516,637 Common Shares which represents approximately 39% of the total number of outstanding Common Shares. Upon completion of the offering, Mr. Baldesarra will control 18,890,761 Common Shares representing approximately 51.2% of the total number of outstanding Common Shares.

The proceeds from the offering will be used for general working capital purposes. The offering is subject to receipt of approval from the TSX Venture Exchange.

About ENGINEERING.com Incorporated

ENGINEERING.com Incorporated (TSX VENTURE: EGN) is the developer-owner of the www.ENGINEERING.com Web site and Internet-based software and business. ENGINEERING.com offers hosted and deployed engineering software and services to manufacturers, design consultants and engineering academia around the world. The ENGINEERING.com Incorporated head office is located in Mississauga, Ontario, Canada and can be reached toll-free at 1-877-997-9917, by facsimile at 905-273-6691 or through the Internet at www.ENGINEERING.com.

Shares Outstanding: 29,496,499

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts: ENGINEERING.com, Inc. John Hayes President & CFO (905) 273-9991, ext. 280 or Toll Free: 1-877-997-9917 (905) 273-6691 (FAX) Email: jhayes@engineering.com Website: www.engineering.com

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