ENGINEERING.com Incorporated
TSX VENTURE : EGN

ENGINEERING.com Incorporated

March 03, 2009 16:53 ET

ENGINEERING.com Incorporated Announces Private Placement

TORONTO, ONTARIO--(Marketwire - March 3, 2009) - ENGINEERING.com Incorporated (the "Company") (TSX VENTURE:EGN) has closed 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. The proceeds from the offering will be used for general working capital purposes.

In accordance with the Rules of the TSX Venture Exchange, the Company also announces that the offering was entirely subscribed for by Mr. Frank Baldesarra, Chairman of the Company. Prior to the completion of the offering, Mr. Baldesarra owned or controlled 11,516,637 Common Shares, which represented approximately 39% of the total number of outstanding Common Shares. As a result of the offering, Mr. Baldesarra now owns or controls 18,890,761 Common Shares, which represents approximately 51.2% of the total number of outstanding Common Shares. The Common Shares are subject to a hold period of four months and a day ending July 4, 2009.

No finder's fee was paid in connection with the offering. The TSX Venture Exchange issued its final acceptance of the offering on February 11, 2009, subject to standard filing requirements.

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: 36,870,623

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

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