SOURCE: American United Global, Inc.

July 10, 2006 14:21 ET

American United Global, Inc. Announces Name Change to Solar Thin Films, Inc.

Ticker Symbol Changed to SLTF

SOMERS, NY -- (MARKET WIRE) -- July 10, 2006 -- American United Global, Inc. (PINKSHEETS: AUGB) (the "Company") announced today that it has changed its name to "Solar Thin Films, Inc." As a result, effective today, the Company's new symbol will be (PINKSHEETS: SLTF). The change of name and symbol reflects the Company's recent acquisition of Kraft Rt., a Hungarian corporation ("Kraft") and its new focus on the photovoltaic industry. Kraft is an equipment manufacturing company headquartered in Budapest, Hungary engaged in the design, development and manufacturing of equipment utilized in the production of thin film based photovoltaic modules.

Additional information on the transactions can be found in the Company's Form 8-K, which was filed with the United States Securities and Exchange Commission.

About American United Global, Inc.

American United Global, Inc., through its subsidiary, Kraft Rt., a Hungarian corporation, is an equipment manufacturing company headquartered in Budapest, Hungary engaged in the design, development and manufacturing of equipment utilized in the production of thin film based photovoltaic modules.

The above news release contains forward-looking statements. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of business risks, external factors and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.

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