News Release

SOLIGEN TECHNOLOGIES, INC. REPORTS FIRST QUARTER RESULTS

For the quarter, total revenues amounted to $1,607,000, compared with $1,640,000 in the corresponding year-earlier period. Gross profit margins as a percentage of sales were 36%, compared with 33% a year-earlier. Gross profits increased to $577,000, from $544,000 in the first quarter last year. Selling, general and administrative expenses decreased to $360,000, from $416,000 a year ago, and as a percentage of total revenues decreased to 22%, from 25%. The net loss for the quarter declined to $120,000, or $0.00 per share, compared to a net loss of $203,000, or $0.01 per share, in the corresponding year-ago period.

The Company's core business continued to grow. Combined revenues for Parts Now and DSPC production totaled $1,325,000, compared with $1,315,000 in the corresponding year-ago period. Parts Now revenues grew 26% from $715,000 to $902,000, an indication that Soligen customers are increasingly using DSPC for complete solutions for conventional casting and less for testing prototypes. Parts Now is a ``one stop shop'' production system employing the company's proprietary technology in conjunction with conventional casting. The Company's DSPC center is involved in the production and sale of rapidly produced cast metal parts and short run quantities made directly from a customer's Computer Aided Design (CAD) file.

``Soligen continues to make encouraging progress,'' said Yehoram Uziel, Chairman and Chief Executive Officer. ``Our proprietary rapid manufacturing process is gaining wider recognition and acceptance. With more Parts Now programs a larger market is opening for us. The ability to make cast tooling right the first time using DSPC to test parts prior to finalizing tool design, is starting to show its tremendous value added. Our success with time compressed programs such as the GM Motorsports are developing more believers in the paradigm shift that our Parts Now concept provides. In addition, we are very mindful of controlling costs, as indicated in our first quarter results. We continue to add to our sales force -- opening a new office in Chicago and adding a second salesperson in Detroit. This portends increased sales initiatives by Soligen, particularly in the automotive industry, which is experiencing a major trend towards substantially increasing outsourcing of parts manufacturing, which will have a favorable impact on the prospects for Soligen.''

Soligen also reported that it has been notified that the American Stock Exchange has upheld a staff determination to delist Soligen's stock from the Emerging Company Marketplace. Consequently, the Company's stock listing will have to move to the OTC. In addition, Soligen will continue to maintain its listing on the Vancouver Stock Exchange. Mr. Uziel said: ``Soligen plans to continue its timely financial reporting and compliance with all the SEC requirements as required for listing on National Market Systems. I see it as a short transition period. I am encouraged with our progress and believe that with improved business results and increased capital, Soligen will be able to apply for listing on one of the major U.S. exchanges. In the interim, we will make every possible effort to maintain the ability for our shareholders to continue to buy or sell Soligen stock.''

In order to improve communication with our 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

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 such 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 manufacturing 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.