Royal Laser Corp.
TSX : RLC

Royal Laser Corp.

March 08, 2007 14:47 ET

Venture Steel Division Achieves CPK5 Designation for Quality and Announces New Supply Agreement

TORONTO, ONTARIO--(CCNMatthews - March 8, 2007) - Royal Laser Corp. ("Royal Laser") (TSX:RLC) today proudly announced that Venture Steel Inc. ("Venture Steel"), its custom flat rolled steel processing facility, has been awarded the distinctive CPK5 designation of quality control and capability. A CPK5 designation indicates that Venture Steel's fabrication line has been audited and proven to meet the strictest quality control specifications. CPK5 is the highest rating possible and meets the demands for the most sophisticated products in both the automotive and industrial steel sectors.

"Venture Steel's recognition and award as a CPK5 designated operation is a milestone we set out to achieve which will allow us to obtain the most attractive customers and contracts," commented Michael Farrugia, Royal Laser's Chief Operating Officer.

A quality auditor, herself the Chair of the American Society for Quality (Hamilton Chapter), personally conducted the audit of Venture Steel's facility and quality procedures and gave Venture Steel a rating of 5, which equates to an error-rate of less than one per million produced or virtually perfect.

The CPK5 rating was a contributor to our recent success in which a major customer, one of the most diversified automotive Tier 1 suppliers in the world, awarded Venture Steel an annual supply agreement, commencing July 1, 2007 stipulating the projected steel usage. The anticipated steel tonnage covered by this supply agreement increases Venture Steel's share of flat rolled steel requirements, on a year over year basis, purchased by the automotive industry directly from the Canadian Service Centre Industry. Venture Steel's ability to win additional new business will continue to be enhanced by the award of the CPK5 designation.

Bill Iannaci, Royal Laser's Chief Executive Officer, added, "The quality and workmanship at Venture Steel, as well as our other Royal Laser subsidiaries has been very well received by the marketplace. In spite of the recent slowdown in the North American domestic automotive industry, we continue to be awarded a number of other contracts on an ongoing basis - both in the industrial and automotive segments."

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 operates out of combined facilities totalling 230,000 square feet located in the Greater Toronto Area of Ontario.

About Royal Laser Corp.

Royal Laser Corp., through its wholly-owned operating subsidiaries, manufactures custom wood and metal 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 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".

For further information on the Corporation, please visit SEDAR at www.sedar.com.

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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", "project", "anticipate" 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 29, 2006 and filed on SEDAR at www.sedar.com, 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 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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