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Royal Acceptance Corporation Begins Development of Website

8 March 2000

Royal Acceptance Corporation Begins Development of Website

    FLORAL PARK, N.Y., March 7 Royal Acceptance Corporation
(OTC Bulletin Board: RYFC) today announced that the Company has filed their
Form 1O-SB with the Securities and Exchange Commission.
    Richard Toporek, President of Royal stated:  "This is a very exciting
development for the Company."  Mr. Toporek also stated that, "Becoming a
fully-reporting company is only part of our goal.  As we achieve our business
objectives -- such as launching our website and acquiring additional leasing
portfolios -- we anticipate meeting the listing requirement of more
prestigious exchanges within the financial market place."
    Royal, through its wholly owned subsidiary, RIT Auto Leasing Group, Inc.
is in the business of leasing new and pre-owned automobiles with terms
generally ranging from 12 to 60 months.  The Company also leases and finances
commercial and industrial equipment such as computers, airplanes, boats and
construction equipment.  The Company, including its subsidiary RIT, enjoys
strong relationships with such financing institutions as European American
Bank, Bombardier Capital, First Source Bank, and Fort Motor Credit.  Its
customer base is derived from the general public and corporations.
    This news release contains forward-looking statements, which are based
largely on the Company's expectations and are subject to a number of risks and
uncertainties, certain of which are beyond the Company's control.
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on current management expectations that
involve risks and uncertainties that may result in such expectations not being
realized.