SOURCE: Royal Quantum Group, Inc.

February 28, 2007 18:24 ET

Royal Quantum Group, Inc. Updates Shareholders on Recent Developments

CALGARY, AB -- (MARKET WIRE) -- February 28, 2007 -- Royal Quantum Group, Inc. (OTCBB: RYQG) is pleased to provide shareholders with an update on recent developments within the corporation.

Royal Quantum Group, Inc. has reached an agreement, subject to completion of final due diligence, for the acquisition of several high potential Uranium projects located in the United States. Details of the acquisition will be announced within the coming days.

"It is management's goal to continue to build a strong company focused on increasing shareholder value. Royal Quantum has chosen to diversify into the Uranium sector as a result of the global demand for alternative, green power initiatives," stated Mr. Ruskowsky, President and CEO of Royal Quantum Group.

Royal Quantum will now focus its efforts on the acquisition and development of additional mineral resource properties throughout North America as well as on an international basis. The company is also in the process of a complete website redesign to reflect the new direction of the company.

Statements released by Royal Quantum Group, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

Visit the Royal Quantum Group, Inc. web site at www.royalquantum.com. Information included on the Company's website is not incorporated herein by reference or otherwise.

Contact Information

  • For additional information please contact:

    Royal Quantum Group, Inc.
    Suite # 145, 251 Midpark Blvd S.E.
    Tel: 403-288-4321
    Fax: 403-201-5792