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News Release
SOLIGEN TECHNOLOGY COMMON STOCK TO BEGIN OTC TRADING ON SEPTEMBER 7 UNDER SYMBOL SGTN
NORTHRIDGE, CA, September 3, 1999 -- Soligen Technologies, Inc., (OTC BB: SGTN) a rapid manufacturer of metal cast parts utilizing proprietary casting technology, said today that its common shares will begin trading on the Over-The-Counter Bulletin Board on Tuesday, September 7, 1999, under the symbol SGTN.
The last day of trading of Soligen stock on the American Stock Exchange (symbol: SGT) will take place Friday, September 3, 1999. Soligen shares will continue to be traded on the Vancouver Stock Exchange.
``As we have indicated previously, Soligen will continue its timely financial reporting and compliance with all the SEC requirements as required for listing on the National Market System, and we will make every possible effort to maintain the ability of shareholders to continue to buy or sell Soligen stock,'' said Yehoram Uziel, Chairman and Chief Executive Officer of Soligen. ``Our objective, given continued improvement in business results and increased capital, is to apply for listing on one of the major U.S. exchanges. We expect the listing on the OTC to be a transition period.''
About Soligen
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 casting 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)
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. This complete service, trademarked as Parts Now, has become a single source for out-sourcing of metal parts.
DPSC® 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.
NOTE: In order to improve communication with Soligen shareholders, the Company is creating 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
Contact: Yehoram Uziel, Soligen Technologies, Inc., (818) 718-1221 |
Email:Yehoram@PartsNow.com |
or: Steven S. Anreder/Evan L. Zall, Anreder Hirschhorn Silver &Co., (212) 532-3232 |