EGN Engineering.Com Incorporated

ENGINEERING.com Incorporated (TSX VENTURE: EGN), developer of the ENGINEERING.com online resource for engineers today announced its unaudited financial results for the first quarter ended March 31, 2011.

Beginning with the first quarter of 2011, Engineering.com reported its financial results in accordance with International Financial Reporting Standards (IFRS), as required for public companies in Canada. Previously, the Company reported its financial results under Canadian Generally Accepted Accounting Standards (GAAP). Financial results for the corresponding period in 2010 have been restated to reflect the adoption of IFRS.

ENGINEERING.com revenue was $355,559 for the three month ended March 31, 2011, compared to revenue of $317,771 for the first quarter in 2010. The net loss for the three months ended March 31, 2011, totaled ($67,524) and ($0.00) per Common Share compared with a net loss of ($120,906) and ($0.00) for the same period a year ago. The increase in revenue is the result of increasing software and internet advertising sales.

Operating loss (EBITDA) measured as earnings before interest, taxes, amortization and stock-based compensation, was ($58,398) or ($0.00) per Common Share for the first quarter of 2011 compared with a operating loss of ($67,718) or ($0.00) per Common Share for the three month period ended December 31, 2010. The operating expenses in the latest period were $255,662, down from $272,124 in the first quarter a year earlier. The reduction in operating expense is the result of lower administrative expenses.

"During the first quarter of 2011 we introduced new digital media offerings for our advertisers and audience," said John Hayes, President of ENGINEERING.com. "Advertisers are discovering that sponsored video series like the Product Design Show and Some Assembly Required represent a powerful way for them to connect with engineers."

As at March 31, 2011, the Company had a cash balance of $139,712 compared to a cash balance of $78,244 as at December 31, 2010. This cash balance is relatively small when compared to the Company's ongoing obligations and in light of continued operating losses. The Company is undertaking efforts to raise capital to fund the Company's operations, but cannot predict the outcome of these efforts at this time. Readers are referred to page 9 of the Company's 2010 Annual Management Discussion & Analysis under the heading, "Present Status and Risk Factors" as filed on April 28, 2011.

Effective August 25 2011 the Company listing on the TSX Venture exchange will move from Tier 1 to Tier 2.

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, 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 IFRS 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 IFRS 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. The Company's ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. 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 INC
Condensed Interim Statements of Financial Position
(In Canadian dollars, Unaudited)

                                      March 31,  December 31,    January 1,
                                           2011          2010          2010
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                                              $             $             $
ASSETS
CURRENT ASSETS
  Cash                                  139,712        78,244       106,118
  Accounts receivable                   201,468       316,302       291,761
  Prepaid expenses and deposits          11,672        13,895        30,391
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TOTAL CURRENT ASSETS                    352,852       408,441       428,270

PROPERTY AND EQUIPMENT                   17,949        20,727        27,916
INTANGIBLE ASSETS                       319,084       316,063       412,993
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  TOTAL ASSETS                          689,885       745,231       869,179
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LIABILITIES AND SHAREHOLDERS'
 EQUITY
CURRENT LIABILITIES
  Accounts payable and accrued
   liabilities                          487,592       489,015       707,147
  Deferred revenue                       73,438        65,640        46,614
  Promissory note - short-term                -             -        24,999
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  TOTAL LIABILITIES                     561,030       554,655       778,760

SHAREHOLDERS' EQUITY
  Share capital                      15,113,752    15,113,752    15,113,752
  Contributed surplus                   478,646       472,843       445,548
  Deficit                           (15,463,543)  (15,396,019)  (15,468,881)
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TOTAL SHAREHOLDERS' EQUITY              128,855       190,576        90,419
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TOTAL LIABILITIES AND
 SHAREHOLDERS' EQUITY                   689,885       745,231       869,179
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ENGINEERING.COM INC
Condensed Interim Statements of Loss Comprehensive Loss
(In Canadian dollars, Unaudited)

                                                  March 31,       March 31,
                                                       2011            2010
----------------------------------------------------------------------------
                                                          $               $

REVENUE                                             355,559         317,771
COST OF SALES                                       158,295         110,365
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GROSS PROFIT                                        197,264         207,406
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OPERATING EXPENSES
  Salaries and benefits                             138,898         134,018
  Marketing expenses                                 22,682          19,797
  Development costs                                  47,180          50,083
  General and administrative                         46,902          68,226
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                                                    255,662         272,124
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INCOME (LOSS) BEFORE UNDERNOTED ITEMS:              (58,398)        (64,718)
  Stock based compensation                           (5,802)         (6,615)
  Amortization expense                               (3,324)        (49,573)
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NET LOSS AND COMPREHENSIVE LOSS                     (67,524)       (120,906)
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Loss per share
  Basic                                                0.00            0.00
  Diluted                                              0.00            0.00

Weighted average number of Common Shares
 (basic and diluted)                             36,870,623      36,870,623
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ENGINEERING.COM INC
Condensed Statements of Changes in Shareholder's Equity
(In Canadian dollars, Unaudited)

                     Number of
                        Common      Share Contributed
                        Shares    Capital     Surplus     Deficit     Total
----------------------------------------------------------------------------
At January 1, 2010  38,870,623 15,113,752     445,548 (15,468,881)   90,419
----------------------------------------------------------------------------
Loss for the
 period                      -          -           -    (120,906) (120,906)
Stock based
 compensation                -          -       6,615           -     6,615
----------------------------------------------------------------------------
At March 31, 2010   38,870,623 15,113,752     452,163 (15,589,787)  (23,872)
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At December 31,
 2010               38,870,623 15,113,752     472,843 (15,396,019)  190,576
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Loss for the
 period                      -          -           -     (67,524)  (67,524)
Stock based
 compensation                -          -       5,803           -     5,803
----------------------------------------------------------------------------
----------------------------------------------------------------------------
At March 31, 2011   38,870,623 15,113,752     478,646 (15,463,543)  128,855
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----------------------------------------------------------------------------


ENGINEERING.COM INC
Condensed Interim Statements of Cash Flows
(In Canadian dollars, Unaudited)

                                                  March 31,       March 31,
                                                       2011            2010
----------------------------------------------------------------------------
                                                          $               $
OPERATING ACTIVITIES
  Net loss                                          (67,524)       (120,906)
  Add items not affecting cash:
    Stock based compensation                          5,802           6,615
    Amortization                                      3,324          49,573
  Changes in operating assets and
   liabilities other than cash                      123,433         121,074
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CASH FLOWS FROM OPERATING ACTIVITIES                 65,035          56,356
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FINANCING ACTIVITIES
  Promissory notes                                        -          (8,964)
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CASH FLOWS FROM FINANCING ACTIVITIES                      -          (8,964)
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INVESTING ACTIVITIES
  Additions to property and equipment                  (546)         (5,489)
  Additions to intangible assets                     (3,021)              -
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CASH FLOWS FROM INVESTING ACTIVITIES                 (3,567)         (5,489)
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INCREASE IN CASH                                     61,468          41,903

CASH, beginning of period                            78,244         106,118
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CASH, end of period                                 139,712         148,017
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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