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 third quarter of 2010.

ENGINEERING.com revenue was $312,503 for the three months ended September 30, 2010, compared to revenue of $364,081 for the third quarter of 2009. The decline in revenue was focused on the educational software product line as many schools in the United States suffered the impact of declining budgets. The impact was exacerbated by the strength of the Canadian dollar relative to the American dollar compared to a year ago. Mitigating these declines was the increase in Internet-based revenue which grew by 90% from the comparable period in 2009 to $137,129 in the third quarter of 2010. The net loss for the three months ended September 30, 2010, totaled ($131,123) and $0.00 per Common Share compared with a net loss of ($98,545) and $0.00 for the same period a year ago.

Operating profit (EBITDA) measured as earnings before interest, taxes, amortization and stock-based compensation, was a loss of ($108,750) or $0.00 per Common Share for the third quarter of 2010 compared with an operating loss of ($45,114) or $0.00 per Common Share for the three months ended September 30, 2009. The operating expenses in the latest period were $288,868 compared to $292,738 for the third quarter a year earlier.

"The Company continued to focus its growth efforts on Internet advertising and related services during the third quarter" said John Hayes, President of ENGINEERING.com. "This focus drove growth in paid advertising impressions by 105% when compared to the third quarter last year".

As at September 30, 2010, the Company had a cash balance of $148,014 compared to a cash balance of $199,570 as at September 30, 2009. This cash balance is relatively small when compared to the Company's ongoing obligations as described on pages 6 and 7 of the Company's Second Quarter 2010 Management Discussion & Analysis under the heading, "Present Status and Risk Factors" as filed on September 15, 2010.

About ENGINEERING.com Incorporated

ENGINEERING.com Incorporated (TSX VENTURE: EGN) is the developer-owner of the www.ENGINEERING.com Web site and business. ENGINEERING.com offers marketing and lead generation 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.

EBITDA

EBITDA is defined by the Company as operating income before interest expense, income taxes, amortization, stock- based compensation and asset dispositions. 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 operating 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.

Balance Sheet
                                               (unaudited)         (audited)
                                                    As at             As at
                                       September 30, 2010     Dec. 31, 2009
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                                                        $                 $
ASSETS
CURRENT ASSETS
Cash                                              148,014           106,118
Accounts receivable                               184,663           291,761
Prepaid expenses and deposits                      21,324            30,391
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TOTAL CURRENT ASSETS                              354,001           428,270

CAPITAL ASSETS                                     22,397            27,916
INTANGIBLE ASSETS                                 314,962           412,993
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TOTAL ASSETS                                      691,360           869,179
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LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable and accrued
 liabilities                                      899,203           707,147
Deferred revenue                                   50,070            46,614
Promissory notes                                       --            24,999
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TOTAL LIABILITIES                                 949,273           778,760
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SHAREHOLDERS' EQUITY
Share capital                                  15,113,752        15,113,752
Contributed surplus                               434,047           417,959
Deficit                                       (15,805,712)      (15,441,292)
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TOTAL SHAREHOLDERS' EQUITY                       (257,913)           90,419
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TOTAL LIABILITIES AND SHAREHOLDERS'
 EQUITY                                           691,360           869,179
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STATEMENT OF OPERATIONS AND DEFICIT
(unaudited)

                     Three Months  Three Months   Nine Months   Nine Months
                      Ended Sept.   Ended Sept.   Ended Sept.   Ended Sept.
                         30, 2010      30, 2009      30, 2010      30, 2009
                     -------------------------------------------------------
                                $             $             $             $

REVENUE                   312,503       364,081     1,042,941       944,403
COST OF SALES             132,385       116,457       427,942       306,994
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GROSS PROFIT              180,118       247,624       614,999       637,409
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OPERATING EXPENSES
Salaries and
 benefits                 125,799       121,338       404,997       400,553
Marketing expenses         27,856        22,444        76,356        68,102
Development costs          50,151        73,676       156,388       207,539
General and
 administrative            85,062        74,280       209,127       227,561
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                          288,868       292,738       846,686       903,755
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INCOME (LOSS) BEFORE
 UNDERNOTED ITEMS        (108,750)      (45,114)     (231,869)     (266,346)


Stock based
 compensation              (3,608)       (3,844)      (16,087)      (24,492)
Depreciation expense      (18,765)      (49,587)     (116,464)     (147,893)
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NET LOSS                 (131,123)      (98,545)     (364,421)     (438,731)
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Basic and diluted
 loss per share -
 Total                      (0.00)        (0.00)        (0.01)        (0.01)

WEIGHTED AVERAGE
 NUMBER OF
COMMON SHARES (basic
 and diluted)          36,870,623    36,870,623    36,870,623    36,870,623
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Statements of
 Deficit
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Deficit, beginning
 of Period            (15,674,589)  (15,298,684)  (15,441,292)  (14,958,498)
Net loss                 (131,123)      (98,545)     (364,420)     (438,731)
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DEFICIT, end of
 period               (15,805,712)  (15,397,229)  (15,805,712)  (15,397,229)
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STATEMENT OF CASH FLOWS
(unaudited)


                                 Three        Three        Nine        Nine
                                Months       Months      Months      Months
                                 Ended        Ended       Ended       Ended
                              Sept. 30    Sept. 30,   Sept. 30,   Sept. 30,
                                  2010         2009        2010        2009
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                                     $            $           $           $
OPERATING ACTIVITIES
Net loss                      (131,123)     (98,545)   (364,421)   (438,731)
Add items not affecting
 cash:
Stock based compensation         3,608        3,844      16,087      24,492
Depreciation and
 amortization                   18,765       49,587     116,464     147,893
Changes in operating assets
 and liabilities other than
 cash                           67,698     (115,185)    311,678    (139,087)
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CASH USED IN OPERATING
 ACTIVITIES                    (41,052)    (160,229)     79,808    (405,433)
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FINANCING ACTIVITIES
Proceeds of share issuance          --           --          --     354,744
Promissory notes
                                (4,031)     (17,259)    (24,999)    (49,119)
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CASH PROVIDED BY (USED IN)
 FINANCING ACTIVITIES           (4,031)     (17,259)    (24,999)    305,625
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INVESTING ACTIVITIES
Fixed assets                    (4,348)      (6,284)    (12,914)    (12,610)
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CASH PROVIDED BY (USED IN)
 INVESTING ACTIVITIES           (4,348)      (6,284)    (12,914)    (12,610)
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INCREASE (DECREASE) IN CASH    (49,431)    (183,842)     41,896    (112,418)
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CASH, beginning of period      197,445      383,412     106,118     311,988
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CASH, end of period            148,014      199,570     148,014     199,570
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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. 3280 or Toll Free: 1-877-997-9917 905-273-6691 (FAX) jhayes@engineering.com www.engineering.com