Frank Baldesarra Acquires Controlling Interest in ENGINEERING.com
30 September 2008 - 7:21AM
Marketwired
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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