The company is continuing its discussions with the landowner to allow forthe additional time required in order to complete the required 3rd partyengineering evaluation of the property. This evaluation was done at therequest of the lending institution, as one of their requirements for therelease of funds to conclude the acquisition.

Statements released by Royal Quantum Group, Inc. that are not purelyhistorical 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 thatforward-looking statements involve risk and uncertainties that may affectthe company's business prospects and performance. The company's actualresults could differ materially from those in such forward-lookingstatements. Risk factors include but are not limited to general economic,competitive, governmental, and technological factors as discussed in thecompany's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The companydoes not undertake any responsibility to update the forward-lookingstatements 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 byreference or otherwise.