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Regal Appoints Dr. Richard Hull as Its President and COO

Regal Appoints Dr. Richard Hull as Its President and COO

LOS ANGELES, CA -- (MARKET WIRE) -- 03/15/06 -- Regal One Corporation (OTC BB: RONE), an emerging business development corporation that is 100% focused on incubating and bringing public high quality biomedical companies, headquartered here, today announced the appointment Dr. Richard A. Hull as President and COO.

Dr. Hull earned his undergraduate degree from Cambridge University, and a PhD in Biochemistry from Oxford University in the UK in 1990. After holding senior positions at a number of business consulting firms in Europe, Asia and North America, Dr. Hull was elected Partner at Deloitte Consulting. At Deloitte, Dr. Hull provided counsel to high tech companies on e-business, marketing and business strategy, with a particular focus on strategic planning for new businesses. From 2000 to 2003 Dr. Hull served as President and CEO of Spotlight Health, Inc., a healthcare communications company delivering integrated marketing campaigns using celebrity stories, public relations, the web and other tactics to educate and change consumer and physician behavior. Most recently, Dr. Hull has served as Chairman and CEO of The Metaphase Group, Inc., a privately held consultancy that assists early-stage biomedical and high technology companies formulate their strategies and access capital to execute them.

Dr. Hull is the son in law of Regal's Chairman and CEO, Dr. Malcolm Currie. Dr. Currie said, "I obviously know Richard very well and am delighted he has agreed to join us as President and COO. His scientific background and expertise in organizing, growing and developing new businesses will be invaluable as we grow the company."

About Regal

Since June 15, 2005, Regal One has been matriculating as a Business Development Corporation 100% focused on recruiting, coaching and bringing public next-generation biomedical companies. Regal One, completing its full requirements as a BDC with filing of its 10K for 2005, seeks biomedical companies with world class, distinctive IP and well-defined, near-term applications that address significant and quantifiable markets. Based in Los Angeles, California, the company provides qualified candidates access to best-of-breed advisors, and the shortest, least expensive path to public liquidity. Regal One is led by Dr. Malcolm Currie, former Under Secretary of Defense, Chairman and CEO of Hughes Aircraft (now Hughes Electronics), and Chairman of the University of Southern California (USC) Board of Trustees.

This press release contains forward-looking statements. Regal One wishes to caution the readers of this press release that actual results may differ from those discussed in the forward-looking statements. For further information, please review the company's 10-QSB and 10-KSB filings with the Securities and Exchange Commission.

Company Contact:
Malcolm Currie, Ph.D.
(818) 707-8652

Agency Contact:
Ira Weingarten/Steve Chizzik
Equity Communications
(805) 897-1880

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