SOURCE: American United Global, Inc.

September 27, 2005 16:31 ET

American United Global, Inc. Secures $525,000 in Financing

SOMERS, NY -- (MARKET WIRE) -- September 27, 2005 -- American United Global, Inc. (OTC: AUGB) is pleased to announce that they have closed on $525,000 in senior secured convertible note financing.

"The present financing will allow American United to take the next step in moving towards the completion of its acquisition of Kraft Rt." stated Robert Rubin, CEO of American United. The closing of Kraft Rt. is subject to various conditions including, but not limited to, the satisfaction of various material liabilities and on, or prior to, October 30, 2005, American United shall have closed a financing in the minimum amount of $2,500,000. The net proceeds generated from the sale of the senior secured convertible note financing shall be utilized to provide a bridge loan to Kraft Rt.

About American United

American United presently does not have operations. On August 9, 2005, American United entered into a Share Purchase Agreement with shareholders of Kraft Rt. and Kraft Rt., a Hungarian corporation. Pursuant to the Share Purchase Agreement, American United has agreed to acquire 100% of Kraft Rt. in consideration for the issuance of 24,000,000 shares of common stock of American United. Kraft Rt. 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 Rt. is presently focusing its efforts on the development of its manufacturing business relating to the production of thin film based photovoltaic modules utilized in the solar energy industry.

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