Royal Laser Corp.

Royal Laser Corp.

October 26, 2007 09:00 ET

Royal Laser Corp. Announces Letter of Intent to Acquire Operating Assets of Winston Steel Inc.

TORONTO, ONTARIO--(Marketwire - Oct. 26, 2007) - Royal Laser Corp. ("Royal Laser") (TSX:RLC) announces that its wholly owned subsidiary Venture Steel Inc. ("Venture Steel") has signed a letter of intent to acquire substantially all of the operating assets of Winston Steel Inc. ("Winston"), a Mississauga, Ontario based steel service centre, (the "Acquisition").

Beric Sykes, President of Venture Steel, comments: "The addition of Winston to Venture Steel augments our current operations and provides us with additional space and slitting capacity required to service our anticipated growth. We are excited to be a leader in the consolidation of this industry, and we believe that this will strengthen our overall operating results going forward."

The Acquisition is conditional upon Royal Laser's satisfaction with its due diligence investigation of Winston, negotiation of a definitive agreement between Royal Laser and Winston, and receipt of all necessary regulatory and government approvals. The company intends to complete the transaction within its third quarter ending December 31, 2007.

About Winston Steel Inc.

Winston is a custom flat rolled steel processor specializing in hot rolled, cold rolled and galvanized steel for the tubular, building products, automotive and general manufacturing market sectors. Winston operates out of two plants totalling approximately 145,000 sq. ft. located in Mississauga, Ontario and has capacity to process in excess of 300,000 tons of steel.

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.

For further information on the Corporation, please visit SEDAR at

To receive Company news by email, please contact and specify "Royal Laser news" in the subject line.

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.

Contact Information