Royal Financial Corporation Has Approved the Change of Its Name to Patriot Motorcycle Corporation and Has Authorized a 1 for 10 Reverse Stock Split

    CORONA, Calif., July 12 Royal Financial Corporation
(OTC Bulletin Board: ROYF) announced today that it has changed its name to
Patriot Motorcycle Corporation effective July 10, 2001.  The company's stock
symbol will remain unchanged until consent is received from the NASD for a new
symbol.  In addition, the company has authorized a one for ten reverse stock
split.  The split shares will begin trading effective Friday July 20, 2001.
    Michel Attias, President of Royal Financial Corporation, stated that, "As
part of the company's branding program and to more closely reflect the
company's new focus and current business interests the company has changed its
name to Patriot Motorcycle Corporation."
    Mr. Attias added that, "As part of the company's plan to build long term
value for shareholders, we have also authorized a recapitalization of the
company's common stock is being completed.  The Board of Directors has
determined that the reverse split will allow the company to establish itself
in its industry and give management time to demonstrate to investors that the
company is doing its best to pursue a business model that would allow for long
term earnings growth and the development of shareholder value."

    Patriot Motorcycle Corporation is focused on building and acquiring
operating companies to serve the rapidly expanding markets for personal
transportation and recreation.  Patriot Motorcycle Corporation manufactures a
line of popular custom motorcycles targeting the mid-price buyer.  All
motorcycles are manufactured at the Company's Corona, California facility.
The Company sells its products through established dealers throughout the
United States and around the world.  Patriot's motorcycles continue to be in
high demand as the backlog of orders for its unique designs continues to grow.
Industry trends indicate that there are very few manufacturers focused on the
mid-price segment of the market which is now greatly under-served.

    The statements made in this press release which are not historical facts
contain certain forward-looking statements concerning potential developments
affecting the business, prospects, financial condition and other aspects of
the company to which this release pertains.  The actual results of the
specific items described in this release, and the company's operations
generally, may differ materially from what is projected in such
forward-looking statements.  Although such statements are based upon the best
judgments of management of the company as of the date of this release,
significant deviations in magnitude, timing and other factors may result from
business risks and uncertainties including, without limitation, the company's
dependence on third parties, general market and economic conditions, technical
factors, the availability of outside capital, receipt of revenues and other
factors, many of which are beyond the control of the company.  The company
disclaims any obligation to update information contained in any
forward-looking statement.

    For further information, please contact Patriot Motorcycle Corporation,
245 Citation Circle, Corona, California 92880, Attn: Michel Attias, E-mail:
PatriotMC@ProUSA.net, Phone: (909) 735-2682, Fax: (909) 735-7390,
http://www.patriotmotorcycles.com.