Item 8.01 Other events

Pursuant to the notice from NASDAQ filed on April 7th 2009, the company has responded by filing a plan to increase stockers equity. On April 23rd Royale filed an S-3 registration statement to sell common stock sufficient to raise net stockholder's equity to a level above $10 million.

NASDAQ approved the Company's plan and granted an extension through July 15th 2009, to file financial statements reflecting this transaction. The fulfillment of this plan will allow Royale's stock to continue trading on the NASDAQ Global Market.