Royal Laser Corp.

Royal Laser Corp.

October 11, 2007 16:29 ET

Royal Laser Corp. Announces Board of Director Appointment & Management Changes

TORONTO, ONTARIO--(Marketwire - Oct. 11, 2007) - Royal Laser Corp. ("Royal Laser") (TSX:RLC) announces that each candidate for a seat on the Board of Directors, as tabled at the recent Annual General Meeting, has been elected to serve for the coming year. Each member of the Board of Directors has previously served as Director, with the exception of Mr. Irving Teper. Mr. Teper, Chartered Accountant, is the Managing Partner of the Concord Group of Companies, which has varied interests in the construction, new home development and food manufacturing industries. Mr. Teper's appointment is subject to regulatory approval. The Board of Directors of Royal Laser currently comprises Alex Shnaider, Joseph Mimran, Bill Iannaci, Greg Van Staveren and Irving Teper.

Royal Laser also announces changes to the management structure of the company. Michael Farrugia has resigned effective October 9, 2007 as President and Chief Operating Officer, and has retired. As previously announced, Beric Sykes was recently hired as President of Venture Steel Inc., the steel service centre subsidiary of Royal Laser. Georg Schacht has been hired to manage the stamping business of Royal Laser, effective October 9, 2007. Georg has over 30 years of experience in the stamping and automotive industries, having held various senior management positions with leading automotive manufacturers. Bill Iannaci, Chief Executive Officer, will continue to manage the Industrial and Store Fixture divisions of Royal Laser.

About Venture Steel Inc.

Venture Steel Inc., a wholly-owned subsidiary of Royal Laser Corp., is a custom flat rolled steel processor specializing in all types and grades of hot rolled, cold rolled and coated steel. Venture Steel Inc. operates out of combined facilities totalling approximately 170,000 square feet located in the Greater Toronto Area of Ontario.

About Royal Laser Corp.

Royal Laser Corp., through its wholly-owned operating subsidiaries, services steel and manufactures custom wood and metal products targeted at the multi-billion dollar automotive, high-end retail in-store development industry, the OEM industrial products and construction industries, in Canada, the United States and overseas. Royal Laser Corp. employs state of the art industrial technology to process steel, fabricate custom and standardized wood and metal products, including robotic wood finishing lines, advanced laser-based computer-integrated manufacturing systems and advanced stamping presses. In addition to contract manufacturing services, Royal Laser provides value-added engineering and design services. The Corporation's common shares trade on the Toronto Stock Exchange under the symbol "RLC" and there are approximately 92.9 million shares outstanding.

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Forward-Looking Statements

Certain statements contained in this press release include statements which contain words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "will", "believe" and similar expressions, statements relating to matters that are not historical facts, and such statements of our beliefs, intentions and expectations about development, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and are based on certain assumptions and analysis made by us derived from our experience and perceptions. All such forward-looking information is based on certain assumptions and analyses made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. The risks, uncertainties, and assumptions are difficult to predict and may affect operations, and other factors, many of which are beyond our control, and are as discussed under the heading "Trends, Risks and Uncertainties" and in the Annual Information Form of Royal Laser dated June 27, 2007 and filed on SEDAR at, as well as Royal Laser's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. Actual results, performance or achievements could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits will be derived therefrom. Except as required by law, Royal Laser Corp. disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained herein is expressly qualified by this cautionary statement.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

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