ENGINEERING.com Incorporated

ENGINEERING.com Incorporated

January 07, 2005 13:34 ET

ENGINEERING.com Announces Option to Purchase BlueSky Solutions LLC


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ENGINEERING.COM INCORPORATED

TSX VENTURE SYMBOL: EGN

JANUARY 7, 2005 - 13:34 ET

ENGINEERING.com Announces Option to Purchase BlueSky
Solutions LLC

TORONTO, ONTARIO--(CCNMatthews - Jan. 7, 2005) -

Acquisition would make ENGINEERING.com the owner of Alventive software

ENGINEERING.com Inc. (TSX VENTURE:EGN) today announced that it has
entered into an option agreement with BlueSky Solutions LLC to allow
ENGINEERING.com to purchase selected assets and hire the personnel of
BlueSky Solutions LLC. The optioned assets primarily include the
"Alventive" web-based engineering collaboration software and related
intellectual property and customer agreements. The Alventive software
represents the core of ENGINEERING.com's recently announced online
engineering Collaboration Suite software offering. If completed, the
acquisition of these selected assets would enable ENGINEERING.com to
direct the future development of Collaboration Suite and avoid future
royalty payments to BlueSky Solutions LLC. The option expires on June
30, 2005. There is no commitment on the part of ENGINEERING.com to
conclude this transaction.

"Since first seeing the Alventive solution in a competitive assessment,
we have been convinced that it represents the best core engineering
collaboration offering on the market. We have been very pleased with the
market response to Collaboration Suite thus far, so we intend to make a
diligent evaluation regarding purchasing this valuable asset," stated
John Hayes, President of ENGINEERING.com. "That evaluation will include
assessing the interest of prospective financial partners."

Chad Poole, President of BlueSky Solutions LLC, added, "We believe the
future of engineering collaboration is best addressed by bringing
engineers together with customers, suppliers, partners, and internal
stakeholders through a compelling online hosted solution.
ENGINEERING.com has demonstrated a commitment to being a market leader
in this space and we look forward to working with their team to realize
that vision."

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, being developed to become the ultimate resource tool for the
global engineering community. ENGINEERING.com offers deployed and hosted
engineering solutions to manufacturers and design consultants 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.

About BlueSky Solutions LLC

BlueSky's Alventive collaboration software solution provides the
visibility, orchestration and tracking required to manage the many tasks
and processes related to product introduction and development. Alventive
was founded in 1990 as Visionary Design Systems. In 2000, the Company
changed its name to Alventive, and launched a new company with ten years
product introduction experience, dedicated to collaboration solutions.
In 2003, BlueSky Solutions LLC acquired Alventive's Intellectual
Property and has been marching forward with the same vision, providing
real solutions to real problems.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    ENGINEERING.com Inc.
    John Hayes
    905.273.9991 ext. 280
    jhayes@engineering.com
    or
    BlueSky Solutions LLC
    Chad Poole
    724.744.2299
    cpoole@blueskyllc.us
    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.