Royal Laser Corp.

Royal Laser Corp.

April 11, 2006 08:30 ET

Royal Laser Corp. Completes Acquisition of Assets of Envyrozone Inc.

TORONTO, ONTARIO--(CCNMatthews - April 11, 2006) -


Royal Laser Corp. ("Royal Laser") (TSX:RLC) announces that it has completed the acquisition ("Acquisition") of certain of the assets of Envyrozone Inc. ("Envyrozone") effective March 31, 2006. The Acquisition was previously announced on December 28, 2005. Envyrozone designs and implements public space recycling and advertising programs through the sales of a line of products that places emphasis on environmentally friendly waste recycling and disposal. These products have outstanding design and aesthetic appeal. The assets that were acquired include various licenses, patents and other intellectual property surrounding the design of various outdoor recycling and advertising products. For more information on Envyrozone, please visit

Royal Laser has previously provided contract manufacturing services to Envyrozone.

The consideration for the Acquisition was $1,500,000 in cash, $1,000,000 of which was paid was paid on December 28, 2005 as a deposit, and 2,000,000 common shares in the capital of the Corporation, such common shares issued at a deemed price of $1.20 per share.

Commenting on the Acquisition, Bill Iannaci, CEO states: "Acquiring the rights to the intellectual property behind the Envyrozone product line, in addition to the manufacturing of their units, will provide us with the opportunity to create world-class products that help to reduce waste while creating the potential for Royal Laser to capture a portion the advertising revenue stream. The world-wide market for environmentally friendly products is fast growing, and our new line of products is well positioned to capture market share."

About Royal Laser

Royal Laser, through its wholly owned operating subsidiaries, manufactures custom metal and wood products targeted at the multi-billion dollar high-end retail in-store development industry, the OEM industrial products, automotive and construction industries, in Canada, the United States and increasingly, overseas. Royal Laser employs state-of-the-art industrial technology to fabricate custom and standardized metal and wood 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.

Forward Looking Statements

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. When used herein, words such as "intend" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions by and information available to Royal Laser. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include risks and factors as are detailed from time to time in the Royal Laser's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. Actual results may differ materially from those currently anticipated. Royal Laser has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained herein are expressed 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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