NGRU Netguru

netGuru, Inc. (Company) (Nasdaq:NGRU) shareholders approved the sale of Research Engineers, Inc. (REI) to privately held Bentley Systems, Inc., the leading provider of software and solutions for the architecture, engineering, and construction (AEC) market, for $23.5 million. Under terms of the sale, which is expected to be completed before November 30, 2005, Bentley will acquire the worldwide operations of REI, including the STAAD product line, customer agreements and relationships, and REI offices in Yorba Linda; Bristol, UK; Kolkata, India; and other parts of Europe and Asia. STAAD product development and integration are expected, but Bentley will continue to sell the stand-alone STAAD product line in conjunction with its integrated structural solution sets. netGuru will continue its Web4 collaborative software operations, information technology, and engineering business process outsourcing services businesses. netGuru will also retain associated software, including eReview and ForReview, and associated personnel and facilities, including the use of certain REI facilities for its continuing operations. netGuru Chairman and Chief Executive Amrit Das commented: "The sale of REI will not only provide needed resources for STAAD's continued growth but will also allow netGuru to realize substantial value for this asset and strengthen liquidity with a large cash position. As a result, the Company's board of directors and management are evaluating potential uses of proceeds with the objective of maximizing shareholder value. Based on the board's evaluation and findings, we will announce the recommendation and proceed with the Company's future course." About netGuru netGuru is an engineering information technology and services company offering engineering analysis and design software, collaborative software solutions, and professional and technical information technology services and support to businesses worldwide. netGuru serves its global markets and clients through offices located in the United States, Europe, Asia, and the Middle East, and through distributors in 40 countries. The Company licenses its engineering software and solutions to more than 19,000 businesses in 100 countries. For more information please visit www.netguru.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical or factual information, the matters discussed in this press release, including the close of the sale of REI, timing of the close, performance under the terms of sale, post-sale business strategies, use of proceeds, and shareholder value, are forward looking statements that involve risks and uncertainties. Actual future results may differ. Factors that could cause or contribute to such differences in results include, but are not limited to, ability of the parties to perform under their agreements, demand for engineering and design software, competition, and other factors discussed in the "Risk Factors" Section of netGuru's Form 10-KSB for the fiscal year ended March 31, 2005, and other filings made with the U.S. Securities and Exchange Commission.