RGLG UHF Logistics Group Inc (PK)

Further to its news release dated July 15 2010, Regal Group, Inc. ("Regal" or the "Company") (OTCBB: RGLG) announces that it has formally completed its acquisition of UHF Logistics Ltd. ("UHF"), a Hong Kong-incorporated company whose operating subsidiaries are leading developers of RFID (Radio Frequency Identification) solutions for supply chain applications, parkade management, cigarette industry logistics, the pig breeding industry, and anti-theft and secured access applications in China. All closing conditions in the Share Exchange Agreement executed between the 2 parties, including but not limited to the receipt of necessary regulatory approvals, receipt by the Company of legal opinions from Chinese counsel opining on the legality of the proposed transaction, as well as receipt by the Company of audited financial statements of UHF and Shenzhen RPD, prepared in accordance with GAAP and audited by an independent auditor registered with the Public Company Accounting Oversight Board in the United States, have now been fulfilled.

Mr. Sammul Su, founder of UHF Logistics' operating subsidiaries in China, commented: "We are pleased to have completed this acquisition by Regal. Being a subsidiary of a US public company will significantly benefit our stakeholders. We expect that as a subsidiary of a US public company, our access to foreign capital will enhance our ability to achieve our short term and long term objectives in the RFID industry."

Added Su: "Over the past several years, there has been widespread use and application of RFID technology and China's RFID market has achieved rapid growth. Attaching great importance to the development of RFID, competent authorities have stepped up efforts to formulate technical policy, set standards, plan frequency and allocate resources, develop relevant products, tap application, build industry chain, and conduct demonstration application projects, to promote, guide, and regulate the healthy and orderly development of China's e-tag industry and RFID application. Since December 2005, China National E-Tag Standard Work Group has pressed ahead with the setting of relevant standards to provide strong assurance for the development of the RFID industry and market application. Meanwhile, to expedite the industrialization of RFID in China, the Ministry of Science and Technology decided to enhance support for the industry, and has implemented preferential policy and invested funds in 10-15 industries. In China, RFID has largely been applied in middle and low-frequency fields and has found considerable application in the fields of identification, security gates, e-ticketing, and transportation. Our corporate objective in the short term is to focus our sales efforts on several key growth application areas and industry sectors within China. We are working closely with companies in the food chain, power, tobacco and logistics industries, all of which are keen to adopt and take advantage of RFID technology as it has great potential to significantly reduce cost and improve the quality and efficiency of key deliverables."

Further information:

Please feel free to call Investor Communications toll-free on 1-888-367-3077.

About Regal Group, Inc.

Regal Group, Inc. is a publicly traded company with headquarters in Phoenix, Arizona. Regal is strategically positioning itself in key industry sectors in China and recently completed the acquisition of UHF Logistics Ltd., a HK-incorporated holding company, which, through its wholly owned Chinese operating subsidiaries, is focused on the development, marketing and implementation of UHF RFID products and solutions in China since 2006. Regal trades on the NASDAQ OTC BB under the ticker symbol: RGLG.

About UHF Logistics Ltd.

UHF is a HK-incorporated holding company, which, through its wholly owned Chinese operating subsidiaries, is focused on the development, marketing and implementation of UHF RFID products and solutions in China since 2006.

Forward-Looking Statements & Risks

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that Regal can identify and successfully negotiate business prospects in Asia, and that the Company can successfully operate such prospects. Actual results may differ materially from those currently anticipated due to a number of factors and risks beyond the reasonable control of the Company.

In addition to the risks associated with forward-looking statements, statements in this news release are subject to additional risks, which include, among others, the corporate disclosure, governance and regulatory requirements of the Peoples' Republic of China (the "PRC"), and PRC regulations relating to, among others, cross-border mergers and acquisitions, product liability and currency exchange rates. Even the transaction is completed, anticipated synergies or other intended benefits of the transaction may not be realized, and the prospects of the combined entity will remain subject to all the general risks associated with the RFID industry, the public securities markets and risks related to doing business in China, such as the PRC's economic, political and social environment, and matters relating to PRC taxes, repatriation of profit and currency conversion, acquisition and appropriation of land use rights, foreign investments, permits and business licenses, employment contracts, government intervention, shareholders' rights and enforcement of judgments, as well as the developing PRC legal system. The Company cautions that the foregoing list of material risks is not exhaustive.

When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Contact: Regal Group, Inc. Investor Communications Toll-Free: 1-888-367-3077