TORONTO, ONTARIO--(Marketwire - Nov. 7, 2012) - ENGINEERING.com Incorporated (TSX VENTURE:EGN), developer of the ENGINEERING.com online resource for engineers today announced its unaudited financial results for the third quarter ended September 30, 2012.

Revenue was $383,485 for the three months ended September 30, 2012, compared to revenue of $437,982 for the third quarter of 2011. The net loss for the three months ended September 30, 2012, totaled ($63,634) and ($0.00) per Common Share compared to a net loss of ($25,919) and ($0.00) for the same period a year ago.

Operating loss (EBITDA) measured as earnings before interest, taxes, amortization and stock-based compensation, was ($56,780) or $0.00 per Common Share for the third quarter of 2012 compared with an operating loss of ($19,709) or $0.00 per Common Share for the three month period ended September 30, 2011. The operating expenses in the latest quarter were $263,408, compared to $260,350 in the third quarter a year earlier.

"During the third quarter, PLM industry expert Chad Jackson signed on as the Managing Editor of our new Engineering Software micro-site", said John Hayes, President of ENGINEERING.com. "Jackson also teamed up with leading analyst Jim Brown to create a new video series called Tech4PD. ENGINEERING.com is using this content to attract the high-value engineering audience that our advertisers crave."

As at September 30, 2012, the Company had a cash balance of $312,017 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, mobile and social distribution channels. ENGINEERING.com offers marketing services to manufacturers, technology inventors and engineering academia. 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 International Financial Reporting Standards 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 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.

STATEMENTS OF FINANCIAL POSITION
Expressed in Canadian Dollars
As at September 30, 2012
(With comparative amounts as at December 31, 2011)
		September 30, 2012			December 31, 2011
ASSETS
CURRENT ASSETS
	Cash	$	312,017		$	259,014
	Accounts receivable		198,589			351,537
	Prepaids expenses and deposits		37,054			21,383
TOTAL CURRENT ASSETS			547,660			631,934
NON-CURRENT ASSETS
	Property and equipment		10,311			11,818
	Intangible assets		330,615			325,020
TOTAL NON-CURRENT ASSETS			340,926			336,838
TOTAL ASSETS		$	888,586		$	968,772
LIABILITIES AND SHAREHOLDER'S EQUITY
CURRENT LIABILITIES
	Accounts payable & accrued liabilities	$	460,765		$	465,785
	Deferred revenue		156,098			156,922
TOTAL LIABILITIES			616,863			622,707
SHAREHOLDER'S EQUITY
	Share capital		15,450,966			15,450,966
	Contributed surplus		514,184			497,899
	Deficit		(15,693,427	)		(15,602,800	)
TOTAL SHAREHOLDERS EQUITY			271,723			346,065
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY		$	888,586		$	968,772

NOTICE: The Company's auditors have not audited or reviewed these financial statements.

The accompanying notes are an integral part of these statements.

STATEMENTS OF CHANGE IN SHAREHOLDERS' EQUITY
Expressed in Canadian Dollars
For the period ended September 30, 2012
(With comparative balances for the period ended September 30, 2011)
		Number of Common Shares		Share Capital			Contributed Surplus			Deficit				Total
At January 1, 2011		36,870,623		$	15,113,752		$	472,843		$	(15,396,019	)		$	190,576
Share Issuance		7,000,000		$	337,214										337,214
Net loss for the period											(168,903	)			(168,903	)
Stock based compensation								14,493							14,493
At September 30, 2011		43,870,623			15,450,966			487,336			(15,564,922	)			373,380
At December 31, 2011		43,870,623		$	15,450,966		$	497,899		$	(15,602,800	)		$	346,065
Net loss for the period											(90,627	)			(90,627	)
Stock based compensation								16,285							16,285
At September 30, 2012		43,870,623		$	15,450,966		$	514,184		$	(15,693,427	)		$	271,723

NOTICE: The Company's auditors have not audited or reviewed these financial statements.

The accompanying notes are an integral part of these statements.

STATEMENTS OF INCOME (LOSS)
AND COMPREHENSIVE INCOME (LOSS)
Expressed in Canadian Dollars
For the period ended September 30, 2012
(With comparative amounts for the period September 30, 2011)
		Three months ended						Nine months ended
		2012			2011			2012			2011
REVENUE		$	383,485		$	437,982		$	1,437,075		$	1,164,223
COST OF SALES			176,857			197,341			647,031			518,131
GROSS PROFIT			206,628			240,641			790,044			646,092
OPERATING EXPENSES
	Salaries and benefits		139,927			141,617			458,145			418,600
	Marketing expenses		22,093			22,731			71,756			66,902
	Development costs		49,481			47,007			144,186			144,133
	General and administrative		51,907			48,995			183,490			161,777
TOTAL OPERATING EXPENSES			263,408			260,350			857,577			791,412
INCOME (LOSS) BEFORE UNDERNOTED ITEMS:			(56,780	)		(19,709	)		(67,533	)		(145,320	)
	Stock based compensation		(4,591	)		(3,490	)		(16,285	)		(14,493	)
	Amortization expense		(2,263	)		(2,720	)		(6,809	)		(9,090	)
NET INCOME (LOSS) & COMPREHENSIVE INCOME		$	(63,634	)	$	(25,919	)	$	(90,627	)	$	(168,903	)
Earnings (Loss) Per Share
	Basic	$	0.00		$	0.00		$	0.00		$	0.00
	Diluted	$	0.00		$	0.00		$	0.00		$	0.00
Weighted average number of common shares
(Basic and Diluted)			43,870,623			40,446,710			43,870,623			38,075,751

NOTICE: The Company's auditors have not audited or reviewed these financial statements.

The accompanying notes are an integral part of these statements.

STATEMENTS OF CASH FLOWS
Expressed in Canadian Dollars
For the period ended September 30, 2012
(With comparative amounts for the period September 30, 2011)
			Three months ended								Nine months ended
			2012				2011				2012				2011
OPERATING ACTIVITIES
Net Income (Loss)			$	(63,634	)		$	(25,919	)		$	(90,627	)		$	(168,903	)
Add items not affecting cash
	Stock based compensation			4,591				3,490				16,285				14,493
	Amortization			2,263				2,721				6,809				9,090
	Changes in operating assets and liabilities other than cash			(40,987	)			47,974				131,432				131,315
CASH FLOWS FROM OPERATING ACTIVITIES				(97,767	)			28,266				63,899				(14,005	)
FINANCING ACTIVITIES
	Proceeds of Share Issuance			-				337,214				-				337,214
CASH FLOWS FROM FINANCING ACTIVITIES				-				337,214				-				337,214
INVESTING ACTIVITIES
	Additions to property and equipment			(1,133	)			(951	)			(5,301	)			(1,984	)
	Additions to intangible assets			(527	)			(2,091	)			(5,595	)			(6,396	)
CASH FLOWS FROM INVESTING ACTIVITIES				(1,660	)			(3,042	)			(10,896	)			(8,380	)
INCREASE (DECREASE) IN CASH				(99,427	)			362,438				53,003				314,829
CASH, Beginning of period				411,444				30,635				259,014				78,244
CASH, End of period			$	312,017			$	393,073			$	312,017			$	393,073

NOTICE: The Company's auditors have not audited or reviewed these financial statements.

The accompanying notes are an integral part of these statements.