Regency Affiliates, Inc. Announces AGM JENSEN BEACH, Fla., Nov. 22 /PRNewswire-FirstCall/ -- Regency Affiliates, Inc. ("Regency") (OTC BB: RAFI) announced today the date for its next annual meeting of stockholders is set for 10:00 a.m. on January 18, 2005 in the offices of Katten Muchin Zavis Rosenman, 11th Floor, 575 Madison Avenue, New York, New York. More details regarding the annual meeting will be included in Regency's proxy statement, which is expected to be mailed to stockholders in December. CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Statements in this press release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained herein which are not statements of historical facts and that address activities, events or developments that Regency or its management expects, believes or anticipates will or may occur in the future shall be deemed to be forward-looking statements. Forward- looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not be anticipated. Future events, actual results of performance, financial or otherwise, could differ materially from those set forth in or contemplated by the forward-looking statements herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Regency undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this press release does not constitute an admission by Regency or any other person that the events or circumstances described in such statement are material. DATASOURCE: Regency Affiliates, Inc. CONTACT: Laurence S. Levy, President, +1-212-644-3450, or email: , or Neil N. Hasson, CFO, +1-212-644-3450, or email: , both of Regency Affiliates, Inc.

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