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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 -

Frank Baldesarra Acquires Controlling Interest in ENGINEERING.com

29/09/2008 10:21pm

Marketwired


Engineering.Com Incorporated (TSXV:EGN)
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Pursuant to the early warning requirements of applicable Canadian securities laws, Mr. Frank Baldesarra, CEO of ENGINEERING.com (TSX VENTURE: EGN) announced that he acquired today 8,150,000 common shares of Engineering.com Incorporated (the "Company"), comprising approximately 27.6% of the issued and outstanding common shares of the Company. Including these shares, Mr. Baldesarra owns 8,604,500 shares in the Company. Together with other family members Mr. Baldesarra now owns or controls approximately 15,206,800, or 52% of the issued and outstanding shares of ENGINEERING.com.

Commenting on his purchase, Mr. Baldesarra noted, "ENGINEERING.com has been successful in aggressively growing its online presence over the past several quarters. The company is well on its way to becoming one of the most valuable destinations for engineers on the Internet."

The common shares acquired September 26th by Mr. Baldesarra were acquired in a single transaction pursuant to a private transaction between Mr. Baldesarra and a third party. The acquisition was not completed over the TSX Venture Exchange.

These purchases were made for investment purposes. Mr. Baldesarra may alone, or together with joint actors, further purchase, hold, vote, trade, dispose of or otherwise deal in the common shares of the Company at times, and in such manner, as deemed advisable.

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.

The TSX Venture Exchange Inc. 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 ENGINEERING.com, Inc. 40 Village Centre Place, Mississauga, ON Canada L4Z 1V9 Website: www.engineering.com

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