Royal Laser Corp. Provides Update on Former Venture Steel Shareholder Litigation

Royal Laser Corp. has received notice of judgement on a legal matter relating to a former shareholder and option-holder employee of Venture Steel Inc., a subsidiary of Royal Laser. This matter was a result of actions taken by the prior owners of Venture Steel Inc. The judgement amounts to approximately $4.8 million plus interest of approximately $0.5 million, of which approximately $1.5 million has been held in reserve by the Company. The Company...