TORONTO, ONTARIO--(Marketwire - May 25, 2012) - 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, 2012.

ENGINEERING.com revenue was $581,965 for the three month ended March 31, 2012, compared to revenue of $355,559 for the first quarter in 2011. Revenue in the first quarter included a sale of third party software to a single customer for approximately $170,000.

Operating income (EBITDA) measured as earnings before interest, taxes, amortization and stock-based compensation, was $2,634 or $0.00 per Common Share for the first quarter of 2012 compared with an operating loss of ($58,398) or $0.00 per Common Share for the three month period ended March 31, 2011. The operating expenses in the latest quarter were $300,924, up from $255,662 in the first quarter a year earlier.

"During the first quarter of 2012 the Company launched a 3D Printing section to give industry analysts and bloggers a valuable platform for disseminating technical information," said John Hayes, President of ENGINEERING.com. "This section and others like it will attract viewers and advertisers to important topic areas."

As at March 31, 2012, the Company had a cash balance of $327,057 compared to a cash balance of $259,014 as at December 31, 2011.

About ENGINEERING.com Incorporated

ENGINEERING.com Incorporated (TSX VENTURE:EGN) inspires, informs and entertains a worldwide audience of engineers through the www.ENGINEERING.com web site and other distribution channels. ENGINEERING.com offers marketing services to manufacturers, technology inventors 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 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. 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.

STATEMENTS OF FINANCIAL POSITION
Expressed in Canadian Dollars
			March 31, 2012			March 31, 2011
ASSETS
CURRENT ASSETS
	Cash	$	327,057		$	139,712
	Accounts Receivable		420,064			201,468
	Prepaids Expenses and Deposits		45,671			11,672
TOTAL CURRENT ASSETS			792,792			352,852
NON-CURRENT ASSETS
	Property and Equipment		13,623			17,949
	Intangible Assets		328,313			319,084
TOTAL NON-CURRENT ASSETS			341,936			337,033
TOTAL ASSETS		$	1,134,728		$	689,885
LIABILITIES AND SHAREHOLDER'S EQUITY
CURRENT LIABILITIES
	Accounts Payable & Accrued Liabilities	$	623,565		$	487,592
	Deferred Revenue		165,098			73,438
TOTAL LIABILITIES			788,663			561,030
SHAREHOLDER'S EQUITY
	Share Capital		15,450,966			15,113,752
	Contributed Surplus		503,947			478,646
	Deficit		(15,608,848	)		(15,463,543	)
TOTAL SHAREHOLDERS EQUITY			346,065			128,855
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY		$	1,134,728		$	689,885

STATEMENTS OF CHANGE IN SHAREHOLDERS' EQUITY
Expressed in Canadian Dollars
	Number of Common Shares	Share Capital		Contributed Surplus			Deficit			Total
At December 31, 2010	36,870,623	$	15,113,752	$	472,843	$	(15,396,019	)	$	190,576
Net Income for the period							(67,524	)		(67,524	)
Stock Based Compensation					5,802					5,802
At March 31, 2011	36,870,623		15,113,752		478,645		(15,463,543	)		128,854
At December 31, 2011	43,870,623	$	15,450,966	$	497,899	$	(15,602,800	)	$	346,065
Net Loss for the period							(6,048	)		(6,048	)
Stock Based Compensation					6,048					6,048
At March 31, 2012	43,870,623	$	15,450,966	$	503,947	$	(15,608,848	)	$	346,065

STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
Expressed in Canadian Dollars
			March 31, 2012			March 31, 2011
REVENUE		$	581,965		$	355,559
COST OF SALES			278,677			158,295
GROSS PROFIT			303,288			197,264
OPERATING EXPENSES
	Salaries and Benefits		171,494			138,898
	Marketing Expenses		22,839			22,682
	Development Costs		46,282			47,180
	General and Administrative		60,309			46,902
TOTAL OPERATING EXPENSES			300,924			255,662
INCOME (LOSS) BEFORE UNDERNOTED ITEMS:			2,364			(58,398	)
	Stock Based Compensation		(6,048	)		(5,802	)
	Amortization Expense		(2,364	)		(3,324	)
NET INCOME (LOSS) & COMPREHENSIVE INCOME		$	(6,048	)	$	(67,524	)
Earnings (Loss) Per Share
	Basic	$	0.00		$	0.00
	Diluted	$	0.00		$	0.00
Weighted Average Number of Common Shares (Basic and Diluted)			43,870,623			36,870,623

STATEMENTS OF CASH FLOWS
Expressed in Canadian Dollars
			March 31, 2012			March 31, 2011
OPERATING ACTIVITIES
Net Income (Loss)		$	(6,048	)	$	(67,524	)
Add items not affecting cash
	Stock based compensation		6,048			5,802
	Amortization		2,364			3,324
	Changes in Operating Assets and Liabilities Other than Cash		73,142			123,433
CASH FLOWS FROM OPERATING ACTIVITIES			75,506			65,035
INVESTING ACTIVITIES
	Additions to Property and Equipment		(4,169	)		(546	)
	Additions to Intangible Assets		(3,294	)		(3,021	)
CASH FLOWS FROM INVESTING ACTIVITIES			(7,463	)		(3,567	)
INCREASE (DECREASE) IN CASH			68,043			61,468
CASH, Beginning of period			259,014			78,244
CASH, End of period		$	327,057		$	139,712