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 2010.

ENGINEERING.com revenue was $412,667 for the three months ended June 30, 2010, compared to revenue of $329,396 for the second quarter of 2009. The increase in overall revenue is the result of revenue growth in the Internet advertising business. The net loss for the three months ended June 30, 2010, totaled ($112,767) and ($0.00) per Common Share compared with a net loss of ($145,478) and ($0.00) for the same period a year ago.

Operating losses (EBITDA) measured as earnings before interest, taxes, amortization and stock-based compensation, was ($58,402) or $0.00 per Common Share for the second quarter of 2010 compared with an operating loss of ($87,257) or ($0.00) per Common Share for the three months ended June 30, 2009. The operating expenses in the latest period were $285,875, down from $308,594 in the second quarter a year earlier.

"During the second quarter our Internet advertising revenue grew by 88% compared to the same period last year. Unfortunately, software revenues and gross profit margins were under pressure during that time," said John Hayes, President of ENGINEERING.com. "We also experienced increasing numbers of visitors, pages viewed and member registrations."

As at June 30, 2010, the Company had a cash balance of $197,445 compared to a cash balance of $383,412 as at June 30, 2009.

About ENGINEERING.com Incorporated

ENGINEERING.com Incorporated (TSX VENTURE: EGN) is the developer-owner of the www.ENGINEERING.com Web site and Internet-based business. ENGINEERING.com offers engineering content 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.

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,   December 31,
                                                        2010           2009
ASSETS
Current Assets
 Cash                                                197,445        106,118
 Accounts Receivable                                 277,311        291,761
 Prepaid Expenses and Deposits                        24,707         30,391
                                                ------------   ------------
  Total Current Assets                               499,463        428,270
                                                ------------   ------------

 Capital Assets, net                                  23,429         27,916
 Intangible Assets, net                              328,346        412,993
                                                ------------   ------------
  TOTAL ASSETS                                       851,238        869,179
                                                ------------   ------------
                                                ------------   ------------

LIABILITIES AND SHAREHOLDERS EQUITY
LIABILITIES
 Accounts Payable & Accrued Liabilities              913,445        707,147
 Deferred Income                                      64,161         46,614
 Promissory notes - short-term                         4,031         24,999
                                                ------------   ------------
  TOTAL LIABILITIES                                  981,637        778,760
                                                ------------   ------------
                                                ------------   ------------

SHAREHOLDERS EQUITY
 Share Capital                                    15,113,752     15,113,752
 Contributed Surplus                                 430,439        417,959
 Deficit                                         (15,674,590)   (15,441,292)
                                                ------------   ------------
  TOTAL SHAREHOLDERS EQUITY                         (130,399)        90,419
                                                ------------   ------------

                                                ------------   ------------
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY            851,238        869,179
                                                ------------   ------------
                                                ------------   ------------



Engineering.Com
Statements of Operations and Deficit
                                                        Three         Three
(Unaudited)                                            months        months
                                                        ended         ended
                                                     June 30,      June 30,
                                                         2010          2009

REVENUE                                               412,667       329,396
COST OF SALES                                         185,194       108,059
                                                  -----------   -----------
GROSS PROFIT                                          227,473       221,337

GROSS PROFIT %                                           55.1%         67.2%

EXPENSES (INCOME)
 Salaries & benefits                                  145,179       133,931
 Marketing expenses                                    28,702        22,579
 Development costs                                     56,154        67,166
 General & Administrative                              55,840        84,918
                                                  -----------   -----------
                                                      285,875       308,594
                                                  -----------   -----------

Operating Income (Loss) (EBITDA) before under
 noted items:                                         (58,402)      (87,257)

Stock based compensation                               (6,239)       (9,061)
Amortization Expense                                  (48,126)      (49,160)
                                                  -----------   -----------
                                                      (54,365)      (58,221)
                                                  -----------   -----------

                                                  -----------   -----------
NET LOSS                                             (112,767)     (145,478)
                                                  -----------   -----------
                                                  -----------   -----------

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

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

Consolidated Statements of Deficit
                                                  -----------   -----------
 DEFICIT, beginning of period                     (15,561,823)  (15,153,206)
                                                  -----------   -----------
 Net Loss                                            (112,767)     (145,478)
 DEFICIT, end of period                           (15,674,590)  (15,298,684)
                                                  -----------   -----------
                                                  -----------   -----------



Engineering.Com Inc.
Cash Flow Statements
(Unaudited)
                                                          Three       Three
                                                         Months      Months
                                                          Ended       Ended
                                                       June 30,    June 30,
                                                           2010        2009
OPERATING ACTIVITIES

Net Loss                                               (112,767)   (145,478)
ADD - Items not affecting cash
 Stock based compensation                                 6,239       9,061
 Amortization                                            48,126      49,160
Changes in operating assets and liabilities other
 than cash                                              122,906      56,292
                                                      ---------   ---------
 CASH FLOWS FROM OPERATING ACTIVITIES                    64,504     (30,965)
                                                      ---------   ---------

FINANCING ACTIVITIES

 Promissory notes                                       (12,004)    (19,863)
 Proceeds of share issuance                                  --      (2,962)
                                                      ---------   ---------
  CASH FLOWS FROM FINANCING ACTIVITIES                  (12,004)    (22,825)
                                                      ---------   ---------

INVESTING ACTIVITIES

 Fixed Assets                                            (3,076)     (3,271)
                                                      ---------   ---------
 CASH FLOWS FROM INVESTING ACTIVITIES                    (3,076)     (3,271)
                                                      ---------   ---------

Net increase (decrease) in cash                          49,424     (57,061)

CASH, beginning of period                               148,021     440,473

                                                      ---------   ---------
CASH, end of period                                     197,445     383,412
                                                      ---------   ---------
                                                      ---------   ---------

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