News Release

SOLIGEN TECHNOLOGIES REPORTS OPERATING RESULTS FOR FISCAL 1999

-- Core Business Revenue Increases 17%
Parts Now Program Up 68% --

(All figures are in U.S. dollars unless otherwise noted)

Northridge, CA, June 30, 1999--Soligen Technologies, Inc. (AMEX:SGT.EC) today announced audited operating results for the fourth quarter and fiscal year ended March 31, 1999.

For the fourth quarter, revenues amounted to $1,597,000, compared with $1,780,000 in the corresponding period a year earlier. The net loss for the period amounted to $345,000, equal to 1 cent per basic and diluted share, compared with a net loss of $101,000, or 0 cents per basic and diluted share a year ago.

Revenues for the fiscal year ended March 31, 1999, amounted to a record $5,721,000, an increase of 5% over revenues of $5,465,000 in fiscal 1998. Soligen's Parts Now® core business -- a rapid manufacturing service that produces cast metal parts -- grew 17% last year, to $4,706,000, from $4,019,000 in fiscal 1998. The fiscal 1999 net loss for the year amounted to $1,718,000, or 5 cents per basic and diluted shares, compared to a net loss of $969,000, or 3 cents per basic and diluted shares, in the prior year. The year's results were impacted by expenditures to position Soligen for aggressive growth. The Company increased its sales staff, and also added to its manufacturing capacity. Revenues for fiscal 1998 included a $250,000 machine sale; there was no comparable item in fiscal 1999.

Research and development expenses were essentially the same in fiscal 1999 and 1998, while general and administrative expenses as a percentage of revenues declined to 16% in 1999 from approximately 20% in 1998.

``The past year marked an important transition for Soligen. Our customers have realized that the benefits of DSPC, which previously helped them in emergencies, could be applied to shorten time to market and thus have started to demand more complete services from us, and not just prototypes,'' said Yehoram Uziel, President and CEO. ``Consequently, revenues from Parts Now programs posted a 68% increase. We expanded our production capabilities, and, most importantly, broadened our sales team to seek larger programs. We are also focusing our efforts on our core business in engine castings and other complex cast parts. Our proprietary DSPC casting technology is gaining wider recognition, both domestically and internationally.''

For the second year in a row, Soligen produced aluminum intake manifolds for General Motors Corporation's Motorsports division, which assisted their team's victory in the Daytona 500 race. In fact, three of the four leading cars in this year Daytona 500 NASCAR motor race, had manifolds produced at Soligen. In the course of supplying the aluminum intake manifolds, the GM Motorsports Division awarded Soligen with a Production Parts Approval Process warrant.

Soligen announced the signing of a Memorandum of Understanding with Wright-K Technology, Inc., to pursue a joint venture aimed initially at establishing a Soligen Parts Now center in Saginaw, Michigan, and eventually supplying parts to Delphi Auto's Saginaw Steering Systems Division. Wright-K is a recognized leader in providing a variety of industrial services from product design and development to production of specialty machinery. Wright-K's president hailed the agreement with Soligen and its Parts Now methodology, noting, ``our customers are driving us to move from design concept to production in less time with each project.''

The year also was marked by the significant strengthening of Soligen's Sales force, under the direction of Kevin Charbonneau, Vice President of Sales. Soligen sales offices are now located in Tama, Iowa, Columbus, Ohio, Detroit, Michigan and Northridge, California.

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. 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 such production tooling once and correctly on the first attempt. Additionally, Soligen 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 out-sourcing of 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, time development and release of new products by strategic suppliers and customers, the effort 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.

		Three Months Ended March 31,		Year Ended March 31,
		1999	1998	1999	1998
Revenues		$1,597,000	$1,780,000	$5,721,000	$5,465,000
Net income (loss) before non-cash adjustments		$(280,000)	$27,000	$(1,434,000)	$(778,000)
Non-cash adjustments for compensation and interest		$(65,000)	$(74,000)	$(284,000)	$(191,000)
Net loss		$(345,000)	$(101,000)	$(1,718,000)	$(969,000)
Net loss per basic and diluted share		$(0.01)	$(0.00)	$(0.05)	$(0.03)
Weighted average number of shares outstanding		$32,682,000	$32,682,000	$32,682,000	$32,351,000