MONTREAL, Aug. 12, 2008 (PRIME NEWSWIRE) -- Royaltech Corp. (OTCBB:RYTE) (the "Company"), today announces that effective at the opening for trading on August 12, 2008, the Company's issued and outstanding common stock will be consolidated at a ratio of a one (1) new share for fifteen (15) old shares. The authorized capital of the Company will remain at 50,000,000 shares of common stock with a par value of $0.0001. The issued and outstanding share capital will decrease from 17,852,425 shares of common stock to 1,190,162 shares of common stock.
The stock trading symbol will be changed to "RYLT" with the new CUSIP number being 780760 203.
This press release contains statements, which may constitute "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of Royaltech Corp. and its management as well as assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.