News Release

Northridge, CA -- July 15, 1997 -- Soligen Technologies, Inc. (AMEX:SGT.EC) today announced that based on fiscal 1997 audited results, revenues for the year ended March 31, 1997 increased approximately 50% to $4.2 million, as compared to $2.8 million in fiscal year 1996. Importantly, the combined revenues for Soligen's Parts Now service and the DSPC center, its core businesses, increased 218% to approximately $2.5 million, from $797,000 in fiscal 1996. "The first Parts Now program in which we took a part from prototype to production was completed in the second quarter of fiscal 1997", explained Yehoram Uziel, President and CEO of Soligen Technologies. "The increase in Parts Now revenues, the area of our core competency, is encouraging because this is where we expect to see future growth."

At June 30, 1997, the Company completed a tender offer to certain warrant holders that raised approximately $225,000. In addition, Soligen received a commitment letter from a commercial lender for a $1.0 million revolving line of credit. "With current cash, the line of credit and internally generated cash flow, I believe that Soligen will have sufficient cash flow to meet its working capital and capital expenditure requirements for our aggressive growth goals through the fiscal year ended March 31, 1998," stated Mr. Uziel.

The Company reported a net loss for fiscal 1997 of $1.492 million, or $0.05 per share, compared to a loss of $2.172 million, or $0.08 per share, in fiscal 1996. The net loss from operations for fiscal 1997, after excluding non-cash compensation expense, was reduced to $1.05 million from $1.466 million after excluding certain non-cash adjustments*, was $20,000. In the fourth quarter of fiscal 1997, excluding certain non-cash adjustments*, the Company made a profit of $9,000.

Soligen's DSPC® technology is a proprietary fabrication process for metal parts that produces ceramic molds for metal casting directly from a CAD file. By using the DSPC technology, Soligen is able to produce a first article metal part bypassing the traditional need for tooling. Additionally, Parts Now® produces production tooling for larger runs of metal castings from the same CAD file as the approved part. By combining three key production elements: DSP® technology, conventional casting methods and Computerized Numerical Control (CNC) machine 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. As a result, Parts Now has become a single source for out-sourcing of metal parts.

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. Future results may vary significantly based on a number of factors, including, but not limited to, risks in market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

		Three Months Ended March 31,		Year Ended March 31,
		1997	1996	1997	1996
Revenues		$1,576,000	$753,000	$4,203,000	$2,815,000
Net Profit (Loss)		$(251,000)	$(1,084,000)	$(1,492,000)	$(2,172,000)
Net Profit (loss) per share		$(0.01)	$(0.04)	$(0.05)	$(0.08)
Average Number of Shares Outstanding		31,474,800	26,738,330	30,233,000	26,559,000
Non-cash adjustments*:
write-off goodwill			$ 657,000		$ 657,000
write-off Web site			$ 41,000		$ 41,000
non cash compensation		$235,000		$235,000
non cash interest		$25,000		$275,000
Pro forma income (loss)		$9,000	$(386,000)	$(982,000)	$(1,474,000)