Royal Equipment Delivers 240-Tonne Haul Truck To Griffin Coal

THE WOODLANDS, Texas - May 8, 2006 - Royal Equipment, Inc., a leading provider of warranted, remanufactured heavy equipment for the surface mining industry, today announced the delivery of a remanufactured Liebherr Model KL-2450, 240-tonne haul truck to Griffin Coal. The truck was remanufactured in Perth, Australia and will be used in Griffin Coal's Western Australian mining operations.

"This delivery is the first of what we hope will be a long term relationship with Griffin Coal to supply remanufactured haul trucks for their mining operations," stated David A. Kintigh, Chief Operating Officer for Royal Equipment. "With the ongoing shortage of heavy equipment for the surface mining industry, it is even more practical to utilize remanufactured products. Remanufacturing extends the life of critical capital resources and that improves shareholder value."

"The remanufacturing process upgraded this truck to the design equivalent of a Model T-262. Some of the enhancements included: new MTU Model 16V4000 power package, upgraded GE airless control system with Statex III, conversion to GE seven (7) step extended range retarding, and all appropriate Australian safety upgrades. In addition, the Royal Equipment remanufacturing process included extensive testing of all major components as well as final assembly and test to ensure the highest quality finished product.

Royal Equipment specializes in the remanufacture of large-capacity haul trucks used in surface mining operations all around the world using a proven process that ensures high-quality. Royal Equipment has remanufactured more than twenty (20) 240-tonne Liebherr and Komatsu haul trucks in Australia in the last two years alone.