Regal One Corporation Acquires BENTAX of North America.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Oct. 13, 2003

Today Regal One (OTCBB:RONE) announces it has signed a binding letter of intent for the acquisition of 100% of BENTAX of North America, Inc., (BENTAX) A New Jersey Corporation, specializing in air ionization for remediation of odors, pollutants, and other factors affecting internal air quality. The agreement specifies that BENTAX will initially receive shares of Regal One preferred stock that may be converted up to 1,000,000 shares of Regal One's common stock, subject to meeting certain requirements normally associated with transactions of this nature.

BENTAX utilizes technology based on the original developments of Albert Einstein. This proven technology, focusing on air and water remediation, has been in continuous utilization since 1932 by the original Licensor. To date, more than 10,000 systems have been installed worldwide. BENTAX of North America has operated from inception with the exclusive rights to manufacture, market, promote and sell BENTAX ionization products in the North American marketplace.

Noted east coast engineer and inventor Bernard Mirowsky incorporated BENTAX of North America in 1997. Prior to that, Mirowsky was director of advanced technology for RCA Americom and vice president for advanced systems of Western Union. He also worked in the advanced systems division of the General Electric Company (GE) for twenty-five years, where he was involved with the recovery of the first satellite from space and led the team that computerized the Mission Power Profile for power consumption of US intelligence satellites. Also at GE, Mirowsky was the manager of preliminary design of the Apollo check out complexes and he also was part of a team that designed prototype space stations for NASA.

This agreement to acquire BENTAX marks Regal One's first acquisition in the growing marketplace of environmental technology. Richard G. Babbitt, currently the Lipid Sciences Chairman, is President and CEO of Regal One Corporation. Dr. Malcolm R. Currie, Chairman Emeritus of Hughes Electronics is Chairman of the board of directors of Regal One Corporation. In the future, for more information concerning this transaction please refer to the EDGAR database maintained by the Securities and Exchange Commission.

Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by words such as "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Such statements and all phases of Regal One's operations are subject to known and unknown risks, uncertainties and other factors, including overall economic conditions and any unforeseen change in the markets. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Regal One Corporation's actual results, levels of activity, performance or achievements may be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. The Company undertakes no obligation to update the forward-looking statements in this press release.