SOURCE: American United Global, Inc.

June 21, 2006 12:36 ET

American United Global, Inc. Completes Acquisition of Kraft Rt.

The Company Secures $6,000,000 in Financing

SOMERS, NY -- (MARKET WIRE) -- June 21, 2006 -- American United Global, Inc. (PINKSHEETS: AUGB) (the "Company") announced today that it has completed the previously disclosed acquisition of ordinary shares of Kraft Rt., a Hungarian corporation ("Kraft"). 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.

Robert M. Rubin, American United Global's Chairman and CEO, stated, "We are pleased with the acquisition of Kraft, which represents an excellent opportunity to take advantage of the emerging solar energy/alternative energy industry."

Pursuant to the terms of the acquisition agreement, the Company acquired Kraft in consideration for the issuance of preferred shares which will automatically convert into 33,425,000 shares of common stock of the Company upon the Company increasing its authorized shares of common stock.

The Company also announced that on June 14, 2006, it entered into a secured convertible debenture financing arrangement with several institutional investors pursuant to which it sold various securities in consideration of an aggregate purchase price of $6,000,000. Olympus Securities, LLC served as Placement Agent for this financing.

Subsequent to the completion and acquisition and financing, on June 15, 2006, shareholders of the Company representing a majority of the outstanding voting stock of the Company authorized the Company to increase the authorized shares of common stock as set forth in its certificate of incorporation from 40,000,000 to 150,000,000, reverse split the outstanding shares of common stock on a basis of one-for-1.6 shares of common stock and change the Company's name to Solar Thin Films Inc.

Sichenzia Ross Friedman Ference LLP represented the Company in connection with the acquisition of Kraft and the secured convertible debenture financing.

The Company currently trades on the Pink Sheets under the symbol "AUGB." The Company will continue trading under the symbol "AUGB" until a name change and symbol change are finalized.

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 vacuum-based production and quality control equipment used in several hi-tech industries. 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.

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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