EGN Engineering.Com Incorporated

ENGINEERING.com Incorporated (TSX VENTURE: EGN), developer of the ENGINEERING.com online resource and business for engineers today announced its financial results for the second quarter of 2009.

ENGINEERING.com revenue was $329,396 for the three months ended June 30, 2009, compared to revenue of $317,050 for the second quarter of 2008. The net loss for the three months ended June 30, 2009, totaled ($145,478) and ($0.00) per Common Share compared with a net loss of ($162,536) and ($0.01) for the same period a year ago. The increase in overall revenue is the net effect of an increase in Internet advertising revenues and a decline in related party revenue.

Operating losses measured as earnings before interest, taxes, amortization and stock-based compensation, was ($87,257) or $0.00 per Common Share for the second quarter of 2009 compared with an operating loss of ($97,180) or ($0.00) per Common Share for the three months ended June 30, 2008. The operating expenses in the latest period were $308,594, down from $323,380 in the second quarter a year earlier.

"During the second quarter our Internet advertising revenue more than tripled compared to the same period last year," said John Hayes, President of ENGINEERING.com. "We also experienced rapid increases in the number of visitors, page views and registration for services on our websites."

As at June 30, 2009, the Company had a cash balance of $383,412 compared to a cash balance of $389,057 as at June 30, 2008.

About ENGINEERING.com Incorporated

ENGINEERING.com Incorporated (TSX VENTURE: EGN) is the leading network for the engineering community, offering free and fee-based services and software to manufacturers, design consultants and engineering professionals 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.

EBITDA

Operating Income (EBITDA) is defined by the Company as operating income before interest expense, income taxes, amortization stock-based compensation, asset dispositions and provision for discontinued operations. The Company has included information concerning EBITDA because it believes that EBITDA is used by certain investors as one measure of the Company's financial performance. EBITDA is not a measure of financial performance under Canadian generally accepted accounting principles and is not necessarily comparable to similarly titled measures used by other companies. EBITDA should not be construed as an alternative to net income or to cash flows from operating activities (as determined in accordance with Canadian generally accepted accounting principles) as a measure of liquidity.

Forward Looking Statements

This press release may contain forward-looking statements based on management's current projections, beliefs and opinions at the date of this press release. Actual results could differ materially from those anticipated in these statements. ENGINEERING.com Incorporated undertakes no responsibility to update forward-looking statements if circumstances or management's projections, beliefs or opinions change.

The contents of this News Release have been reviewed and approved by the Audit Committee and the Board of Directors.

Engineering.Com
Balance Sheet

                                               Unaudited            Audited
                                           June 30, 2009  December 31, 2008
ASSETS
Current Assets
--------------
 Cash                                            383,412            311,988
 Accounts Receivable                             120,127            189,109
 Prepaid Expenses and Deposits                    40,746             29,707
                                         -----------------------------------
  Total Current Assets                           544,285            530,804
                                         -----------------------------------

 Capital Assets, net                              27,152             29,865
 Intangible Assets, net                          502,261            591,528
                                         -----------------------------------
  TOTAL ASSETS                                 1,073,698          1,152,197
                                         -----------------------------------
                                         -----------------------------------

LIABILITIES AND SHAREHOLDERS EQUITY
LIABILITIES
Current Liabilities
-------------------
 Accounts Payable & Accrued Liabilities          697,963            787,594
 Deferred Income                                  92,033             84,247
 Promissory notes - short-term                    55,575             58,464
                                         -----------------------------------
  Total current liabilities                      845,571            930,305
                                         -----------------------------------

 Promissory notes - long-term                          -             28,971
                                         -----------------------------------
  TOTAL LIABILITIES                              845,571            959,276
                                         -----------------------------------
                                         -----------------------------------

SHAREHOLDERS EQUITY
 Share Capital                                15,113,752         14,759,008
 Contributed Surplus                             413,059            392,411
 Deficit                                     (15,298,684)       (14,958,498)
                                         -----------------------------------
  TOTAL SHAREHOLDERS EQUITY                      228,127            192,921
                                         -----------------------------------

                                         -----------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY      1,073,698          1,152,197
                                         -----------------------------------
                                         -----------------------------------


Engineering.Com
Statements of Operations and Deficit
(Unaudited)                                 Three months       Three months
                                                   ended              ended
                                           June 30, 2009      June 30, 2008

REVENUE                                          329,396            317,050
COST OF SALES                                    108,059             90,850
                                         -----------------------------------
GROSS PROFIT                                     221,337            226,200

GROSS PROFIT %                                      67.2%              71.3%

EXPENSES (INCOME)
 Salaries & benefits                             133,931            160,318
 Marketing expenses                               22,579             13,950
 Development costs                                67,166             55,934
 General & Administrative                         84,918             93,178
                                         -----------------------------------
                                                 308,594            323,380
                                         -----------------------------------

 Operating Income (Loss) (EBITDA)
  before under noted items:                      (87,257)           (97,180)

 Stock based compensation                         (9,061)           (16,611)
 Amortization Expense                            (49,160)           (48,745)
                                         -----------------------------------
                                                 (58,221)           (65,356)
                                         -----------------------------------

                                         -----------------------------------
 NET LOSS                                       (145,478)          (162,536)
                                         -----------------------------------
                                         -----------------------------------

 BASIC AND DILUTED LOSS PER SHARE                  (0.00)             (0.01)

 Weighted Average Number of Common Shares
  (basic and diluted)                         36,870,623         29,496,499

Consolidated Statements of Deficit
                                         -----------------------------------
 DEFICIT, beginning of period                (15,153,206)       (14,543,603)
                                         -----------------------------------
 Net Loss                                       (145,478)          (162,536)
 DEFICIT, end of period                      (15,298,684)       (14,706,139)
                                         -----------------------------------
                                         -----------------------------------


Engineering.Com Inc.

Cash Flow Statements
(Unaudited)
                                            Three months       Three months
                                                   ended              ended
                                           June 30, 2009      June 30, 2008

OPERATING ACTIVITIES

 Net Loss                                       (145,478)          (162,536)
 ADD - Items not affecting cash
  Stock based compensation                         9,061             16,611
  Amortization                                    49,160             48,745
 Changes in operating assets and
  liabilities other than cash                     56,292            227,929
                                         -----------------------------------
  CASH FLOWS FROM OPERATING ACTIVITIES           (30,965)           130,749
                                         -----------------------------------

FINANCING ACTIVITIES

 Promissory notes                                (19,863)           (12,969)
 Proceeds of share issuance                       (2,962)                 -
                                         -----------------------------------
  CASH FLOWS FROM FINANCING ACTIVITIES           (22,825)           (12,969)
                                         -----------------------------------

INVESTING ACTIVITIES

  Fixed Assets                                    (3,271)            (3,523)
                                         -----------------------------------
  CASH FLOWS FROM INVESTING ACTIVITIES            (3,271)            (3,523)

Net increase (decrease) in cash                  (57,061)           114,257

CASH, beginning of period                        440,473            274,800

                                         -----------------------------------
CASH, end of period                              383,412            389,057
                                         -----------------------------------
                                         -----------------------------------

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

Contacts: ENGINEERING.com Incorporated John Hayes President & CFO 905-273-9991, ext. 280 or Toll Free: 1-877-997-9917 jhayes@engineering.com www.engineering.com