UA International Signs Agreement with Ukrauto Concern

KIEV, Ukraine--July 14, 2005--UA International Group, Ltd. (Pink Sheets:UAIG), a Ukrainian water and electrical infrastructure, delivery and real estate development company, today announced that it has entered into an agreement with Ukrauto Concern, a Ukrainian company that maintains the distribution rights to import and sell automobiles from the Korean automobile manufacturer, Daewoo, the Japanese Nissan, and the USA based General Motors brand, Chevrolet. UA International Group will provide heat and electricity to Ukrauto Concern.

Vitaly Zhygun, President of UA International Group, Ltd. commented: "We are pleased to continue winning bids to supply crucial infrastructure development and services to commercial businesses in Ukraine. Ukrauto Concern is a major importer of automobiles to Ukraine, and we are pleased that they have chosen UA International Group subsidiary Kyivenergomash as a key supplier of their electrical infrastructure and energy needs."

About UA International Group: Based in Kiev, Ukraine, UA International Group is a water and electricity infrastructure, delivery and real estate development company. Management believes that the Company is well positioned to show significant growth in sales and profits in the months and years ahead. Specializing in water treatment, delivery, filtration, drilling, sewage and electrical infrastructure, delivery and maintenance, UAIG is in position to become the prime service company in Ukraine.

UAIG has a strong group of international partners and clients and has received many of the highest international awards possible in its core business and for its overall corporate philosophy and performance. Having currently diversified into high-end residential real estate development and leasing, UAIG is now prepared for substantial growth in revenue and income. For more information please visit our website at www.uaig.com.ua, www.kem.com.ua

Forward-Looking Statements

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.