NGRU Netguru

netGuru, Inc. (Company) (Nasdaq:NGRU) received a going concern opinion in an audit of its consolidated financial statements as of, and for the fiscal year ended, March 31, 2006. According to Nasdaq Marketplace Rule 4350(b)(1)(B), an issuer that receives an audit report containing a going concern opinion must make a public announcement through the news media disclosing the receipt of such opinion. netGuru's independent registered public accounting firm stated in its report that the Company has experienced losses and negative cash flows from operations, sold a significant portion of its operating assets, made a partial liquidating distribution to stockholders during the year ended March 31, 2006, and is considering strategic alternatives for the disposition of its remaining operating assets. The opinion further stated that these factors raise substantial doubt about the Company's ability to continue as a going concern. For more information, see netGuru's annual report on Form 10-KSB filed with the U.S. Securities and Exchange Commission on June 30, 2006. About netGuru netGuru is an engineering services company offering engineering business process outsourcing (EBPO) services for the architecture, engineering, and construction (A/E/C) industry; document/project collaboration software/solutions for A/E/C companies, enterprise software providers, software integrators, and other businesses engaged in document/project-centric operations; and technical services and support. netGuru offices are located in the United States, Europe and India. 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 without limitation, the Company's consideration of strategic alternatives, disposition of its remaining assets, and ability to continue as a going concern, 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, the special committee's and Company's ability to identify, negotiate, and consummate any disposition or other strategic transaction, netGuru's ability to conserve resources and implement further reductions in ongoing expenses and/or increase revenues, and other factors discussed in the "Risk Factors" section and other sections of netGuru's Form 10-KSB for the fiscal year ended March 31, 2006, and other filings made with the U.S. Securities and Exchange Commission.