NORTHRIDGE, CA--April 30, 2001 - Soligen Technologies, Inc. (OTC BB: SGTN), a rapid manufacturer of complex metal parts using proprietary technology, today announced unaudited operating results for the fourth quarter and fiscal year ended March 31, 2001.

Revenues were $1,852,000 for the quarter ended March 31, 2001 compared to $1,923,000 in the similar quarter last year. As a result revenues for the twelve months ended March 31, 2001 were $6,737,000 as compared to $7,153,000 in the corresponding year-earlier period.

The net loss before beneficial conversion for the quarter ended March 31, 2001 was $9,000 or $nil per share compared to a net loss of $170,000 or $nil per share, in the corresponding year-ago period. The net loss before beneficial conversion for the twelve months ended March 31, 2001 was $1,119,000 or $0.03 as compared to a net loss before beneficial conversion of $909,000 or $0.03 in the corresponding period last year.

The last six months show a decline in revenues from our Parts Now program product line ($1,669,000 compared with $2,982,000 in the last six months of the previous year), and an increase in our DSPC parts revenues ($1,323,000 compared with $422,000 in the last six months of the previous year). The reduction in Parts Now program is a clear result of the change in the market conditions, which has caused several Parts Now programs to be postponed, or be cancelled by customers due to cut backs in their activities. "The steps Soligen has taken to address the lower revenues in the previous quarter have started to pay off," said Yehoram Uziel President & CEO. "The gross profit for the fourth quarter in fiscal 2001 was 43% compared to 29% last year. The loss of $9,000 in the fourth quarter of fiscal 2001 compared to $170,000 in the similar quarter last year occurred despite a decrease in revenues of $71,000 from the prior fourth quarter last year. Excluding interest expense, the fourth quarter of fiscal 2001 results show an operating profit of $11,000."

"I believe that our Parts Now product line will rebound as the automotive sector completes its restructuring and resumes normal product development activities," added Uziel. "The car companies are committed to accelerated model launches, and our quoting activity already reflects this trend. Soligen has started to develop more aerospace business in order to leverage on the Company's improved quality systems. I expect the increased aerospace business to add revenues further propelling the growth in our sales efforts."

Soligen is able to rapidly manufacture cast metal parts, bypassing the traditional need for tooling, by employing Soligen's DSPC® technology. The DSPC technology is a proprietary fabrication process for metal parts that produces ceramic molds for metal castings directly from a CAD file. Consequently, it enables postponement of design and the fabrication of expensive and time consuming casting tooling until after the parts are functionally tested, thus increasing the probability of making production tooling once and correctly on the first attempt. Additionally, Soligen rapidly produces production tooling for larger runs of metal castings from the same CAD file as the approved part. By combining three key production elements: DSPC® technology, conventional casting methods, and Computerized Numerical Control (CNC) machining practices, the Company has created the first "one stop shop" for functional metal parts that are made directly from a CAD file and that are ready for assembly. This complete service, trademarked as Parts Now®, has become a single source for rapidly manufactured metal parts.

DSPC® and Parts Now® are registered trademarks of Soligen.

Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad, timing of development and release of new products by strategic suppliers and customers, the effect of the Company's accounting policies and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

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Contact:

Yehoram Uziel, CEO

Soligen Technologies, Inc.

(818) 718-1221

yehoram@soligen.com