SOLIGEN TECHNOLOGY COMPLETES PRIVATE PLACEMENT OF UNIT OFFERING

SOLIGEN TECHNOLOGY COMPLETES PRIVATE PLACEMENT
OF UNIT OFFERING TOTALING $1,685,000 IN GROSS PROCEEDS

-- Units Consists of Convertible Preferred stock and warrants --

NORTHRIDGE, CA--November 30, 1999 - Soligen Technology Inc. (OTC BB: SGTN), a rapid manufacturer of complex metal parts using proprietary technology, announced today the completion of a private placement offering of Units consisting of Convertible Preferred Stock and Warrants totaling gross proceeds of $1,685,000.

"The acquisition of this growth capital is an important step in advancing Soligen's capability to rapidly expand and realize the potential of our unique DSPC technology that allows the production of ceramic molds for metal casting directly from a CAD file," said Yehoram Uziel, Chairman and Chief Executive Officer. "This funding will enable Soligen to expand production capability, broaden our marketing program and in general enhance our ability to meet our growth objectives. It is a very significant development."

The private placement offering involves 84,250 Units, each consisting of 100 shares of Series B Convertible Preferred Stock and 43 warrants to purchase one share each of common stock. The Units were priced at $20 per Unit. Each share of the Convertible Preferred is convertible into one share of the Company's common stock. The Warrants, which expire on November 24, 2000, are each exercisable at $0.20 per share into one share of common stock of the Company.

"The private placement enabled Soligen to acquire capital at an attractive price without placing a financial burden on the Company," commented Mr. Uziel, the founder and largest individual shareholder of Soligen. "It comes at a significant juncture for Soligen, just as our proprietary manufacturing process is gaining wider recognition and acceptance. Our Parts Now program has opened a larger market for our Company, and this financing will provide us with the capital to meet this expanding demand, deepen our market penetration and help fulfill our strategic Corporate goals aimed at becoming a major factor in our industry and enhancing value for all shareholders."

Mr. Uziel also noted that "Soligen ranked No. 69 on Deloitte & Touche's 'Technology Fast 500' list of the fastest growing technology companies in the U.S. and it is our objective to improve even on this performance."

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.

In order to improve communication with shareholders, the Company has created an electronic mailing list. Any person interested in receiving, via e-mail, announcements, copies of press releases from and about Soligen, please forward your e-mail address to: general@ahscompany.com

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.