The Special Committee of the Board of Directors of Royal Laser Corporation has announced its engagement of National Bank Financial Inc as its financial advisor in response to the unsolicited offer received by the company to purchase its common shares at a price of approximately USD 0.31 per share.

The unsolicited offer is for the steel processing assets of Venture Steel which was announced by the company on November 17th 2009.

Royal Laser Corporation announced on November 17th 2009 an offer by Mr Bill Iannaci co CEO of Royal Laser to acquire the assets of Royal Laser other than the steel processing assets for approximately USD 12,700,000 to be satisfied by the assumption of approximately USD 8,100,000 in short and long term debt, USD 3,500,000 in capital leases and the payment of approximately USD 1,100,000 in cash.

The company also announced on November 17th 2009 the formation of its Special Committee consisting of Mr Irving Teper, Mr Alex Shnaider, Mr Herb Dhaliwal and Mr Vic Alboini.

NBF will assist the Special Committee in considering both offers and any others that may be made as a result of the interest expressed by several other companies which have approached the company.