**UNITED
        STATES**
 **SECURITIES
        AND EXCHANGE COMMISSION**
 **Washington,
        D.C. 20549**
 
  **FORM
        10-QSB**
 **QUARTERLY
                    REPORT**
 **UNDER
            SECTION 13 OR 15(d)**
 **OF
            THE SECURITIES EXCHANGE ACT OF 1934**
 FOR QUARTER ENDED SEPTEMBER 30, 
2007
 **ROYAL
                          INVEST INTERNATIONAL CORP.**(Exact
                          name of small business registrant as specified in its
                          charter)
 
 **Delaware**
              **000-27097**
              **98-0215778**(State
                  or other jurisdiction
                of
                  incorporation or organization)
              (Commission
                  File Number)
              (I.R.S.
                  Employer Identification Number)
 
 **1350
                            Avenue of the Americas, 24th
                            Fl****New
                            York, New York 10019-4702**(Address
                            of principal executive offices) (Zip
                            Code)
 
 **203.557.3845**
 (Registrant’s
        telephone no., including area code)
 
 (Former
                        Name or Former Address, if changed since last
                        report)




**Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Securities Exchange Act during the past 12 months (or for such
      shorter period that the registrant was required to file such reports), and
      (2)
      has been subject to such filing requirements for the past 90
      days.     Yes [X]   No
      [  ]**







**Number
                of shares of the registrant’s common stock outstanding as of November 19,
                2007 was: 11,212,240**







**Traditional
                Small Business Disclosure Format:  Yes
                [  ]   No
                [X]**





1


**ROYAL
      INVEST INTERNATIONAL CORP.**





**FORM
      10-QSB**


**FOR
      QUARTER ENDED SEPTEMBER 30, 2007**





**TABLE
      OF CONTENTS**








**PART
                I. FINANCIAL INFORMATION**ITEM
                1. FINANCIAL STATEMENTS (UNAUDITED)
            3Consolidated
                Balance Sheet as of September 30, 2007 (Unaudited)
                and December 31, 2007
            5Consolidated
                Statements of Operations – For the Three
                Months Ended September 30, 2007 and 2006 and For the Nine Months
                Ended September 30, 2007 and 2006
            6Consolidated
                Statements of Cash Flows – For the Nine
                Months Ended September 30, 2007 and 2006
            7Notes
                to Financial Statements
            8ITEM
                2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF
                OPERATION
            14ITEM
                3. CONTROLS AND PROCEDURES
            19**PART
                II. OTHER INFORMATION**ITEM
                1. - LEGAL PROCEEDINGS
            20ITEM
                2. - CHANGES IN SECURITIES AND USE OF
                PROCEEDS
            20ITEM
                3. - DEFAULTS UPON SENIOR
                SECURITIES
            20ITEM
                4. - SUBMISSION OF MATTERS TO A VOTE OF SECURITY
                HOLDERS
            20ITEM
                5. - OTHER INFORMATION
            20ITEM
                6. - EXHIBITS AND REPORTS ON FORM
                8-K
            21**SIGNATURES**
            22




2


**PART
      I. FINANCIAL INFORMATION**








**ITEM
      1.                     FINANCIAL
      STATEMENTS**







**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**





**UNAUDITED
      FINANCIAL STATEMENTS**





**FOR
      THE QUARTER ENDED SEPTEMBER 30, 2007 AND 2006**







3




CONTENTS


______________________________________________________________________________________





Consolidated
                Balance Sheets as of September 30, 2007 (Unaudited) and December
                31,
                2006
            Page
                1





Consolidated
                Statements of Operations for the three months ended September 30,
                2007 and
                2006 (Unaudited) and for the nine months ended September 30, 2007
                and 2006
                (Unaudited)
            2





Consolidated
                Statements of Cash Flows for the nine months ended September 30,
                2007 and
                2006 (Unaudited)
            3





Notes
                to Consolidated Financial Statements (Unaudited)
            4





4


**ROYAL
        INVEST INTERNATIONAL CORP. AND SUBSIDIARY**
 
 **CONSOLIDATED
        BALANCE SHEETS**
 
 
 **ASSETS**
  **September
                        30,**
                    
                    
                    **December
                        31,****2007**
                    
                    
                    **2006**(Audited)CURRENT
                        ASSETSRental
                        PropertyLand
                    
                    $
                    600,723
                    
                    
                    $Buildings
                    
                    
                    6,019,3506,620,073
                    
                    
                    
                    -Less
                        - accumulated depreciation
                    
                    
                    (28,730
                    )Net Investment in Rental Property
                    
                    
                    6,591,343
                    
                    
                    
                    -OTHER
                        ASSETSPrepayments
                        on Properties to be Acquired
                    
                    
                    1,216,781Prepaid
                        Expenses
                    
                    
                    396,311Cash
                        and cash Equivalents
                    
                    
                    58,571Accounts
                        Receivable
                    
                    
                    221,802Net
                        VAT Receivable
                    
                    
                    114,020Income
                        Tax Receivable - Netherlands
                    
                    
                    13,442Total Assets
                    
                    $
                    8,612,270
                    
                    
                    $
                    -
 **LIABIILITIES
          AND STOCKHOLDERS’ DEFICIT**
 LIABILITIESBank
                      overdraft
                  
                  $
                  
                  
                  
                  $
                  362Mortgage
                      Payable
                  
                  
                  4,970,594Accounts
                      Payable
                  
                  
                  519,714
                  
                  
                  
                  46,778Accrued
                      Expenses and other Liabilities
                  
                  
                  18,154Accrued
                      Interest
                  
                  
                  53,756
                  
                  
                  
                  32,381Income
                      Tax Payable - Germany
                  
                  
                  65,235
                  
                  
                  
                  2,452Loans
                      Payable Related Party
                  
                  
                  1,528,230
                  
                  
                  
                  12,724Note
                      Payable on Acquisition of Rico Staete B.V.
                  
                  
                  1,482,817Convertible
                      Notes
                  
                  
                  285,000
                  
                  
                  
                  285,000Rents
                      Received in Advance
                  
                  
                  45,608Deferred
                      Income Taxes
                  
                  
                  247,922Total
                      Liabilities
                  
                  
                  9,217,030
                  
                  
                  
                  379,697STOCKHOLDERS'
                      DEFICITClass
                    A special voting stock, no par value; 120,000,000 shares authorized;
                    none
                    issued and outstanding
                  
                  
                  -
                  
                  
                  
                  -Common
                      Stock, $0.001 par value; 300,000,000 shares authorized; 11,212,240
                      and
                      4,236,372 issued and outstanding at September 30, 2007 and
                      December 31,
                      2006, respectively
                  
                  
                  11,212
                  
                  
                  
                  4,236Additional
                      Paid-In Capital
                  
                  
                  1,340,891
                  
                  
                  
                  610,763Accumulated
                      Other Comprehesive Income
                  
                  
                  (11,415
                  )Accumulated
                      Deficit
                  
                  
                  (1,945,448
                  )
                  
                  
                  (994,696
                  )Total
                      Stockholders' Equity (Deficit)
                  
                  
                  (604,760
                  )
                  
                  
                  (379,697
                  )Total
                      Liablities and Stockholders' Equity (Deficit)
                  
                  $
                  8,612,270
                  
                  
                  $
                  -


****


See
                          accompanying notes to consolidated financial statements.
 5
  **ROYAL
        INVEST INTERNATIONAL CORP. AND SUBSIDIARY**





**CONSOLIDATED
      STATEMENT OF OPERATIONS(UNAUDITED)**






**Three
                      Months Ended**
                  
                  
                  **Nine
                      Months Ended****September
                      30,**
                  
                  
                  **September
                      30,****2007**
                  
                  
                  **2006**
                  
                  
                  **2007**
                  
                  
                  **2006****REVENUES**Base
                      Rents
                  
                  $
                  128,897
                  
                  
                  $
                  
                  
                  
                  $
                  128,897
                  
                  
                  $128,897
                  
                  
                  
                  -
                  
                  
                  
                  128,897
                  
                  
                  
                  -**EXPENSES**Operating
                      Services
                  
                  
                  30,452
                  
                  
                  
                  
                  
                  
                  
                  30,452Real
                      Estate Taxes
                  
                  
                  4,254
                  
                  
                  
                  
                  
                  
                  
                  4,254General
                      and Administrative
                  
                  
                  476,436
                  
                  
                  
                  34,657
                  
                  
                  
                  925,477
                  
                  
                  
                  58,505Expenses
                      incured in seeking acquisition
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  117,300Depreciation
                  
                  
                  27,066
                  
                  
                  
                  
                  
                  
                  
                  27,066Total
                      Expenses.
                  
                  
                  538,208
                  
                  
                  
                  34,657
                  
                  
                  
                  987,249
                  
                  
                  
                  175,805Operating
                      Loss
                  
                  
                  (409,311
                  )
                  
                  
                  (34,657
                  )
                  
                  
                  (858,352
                  )
                  
                  
                  (175,805
                  )Interest
                      Mortgages
                  
                  
                  74,470
                  
                  
                  
                  
                  
                  
                  
                  74,470Interest
                      Expense
                  
                  
                  7,208
                  
                  
                  
                  25,130
                  
                  
                  
                  21,458
                  
                  
                  
                  44,83581,678
                  
                  
                  
                  25,130
                  
                  
                  
                  95,928
                  
                  
                  
                  44,835Loss
                    From Continuing Operations Before Income Taxes
                  
                  
                  (490,989
                  )
                  
                  
                  (59,787
                  )
                  
                  
                  (954,280
                  )
                  
                  
                  (220,640
                  )Currency
                      Gain/Loss
                  
                  
                  (8,549
                  )
                  
                  
                  
                  
                  
                  
                  (8,549
                  )Income
                      Tax Expense
                  
                  
                  5,021
                  
                  
                  
                  
                  
                  
                  
                  5,021Loss
                      From Continuing Operations
                  
                  
                  (487,461
                  )
                  
                  
                  (59,787
                  )
                  
                  
                  (950,752
                  )
                  
                  
                  (220,640
                  )Discontinued
                      Operations:Income
                      (loss) from discontinued operations
                  
                  
                  
                  
                  
                  
                  163,442
                  
                  
                  
                  
                  
                  
                  
                  (63,865
                  )Loss
                      on disposal of discontinued operations
                  
                  
                  
                  
                  
                  
                  32,409Net
                      Loss
                  
                  $
                  (487,461
                  )
                  
                  
                  136,064
                  
                  
                  $
                  (950,752
                  )
                  
                  $
                  (284,505
                  )Net
                      Loss per Common Share (Basic and Diluted)From
                      Continuing Operation
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  $
                  (0.16
                  )
                  
                  $
                  (0.05
                  )From
                      Discontinued Operation
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  $
                  -
                  
                  
                  $
                  (0.02
                  )Weighted
                      Average Common Shares Outstanding
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  
                  6,108,205
                  
                  
                  
                  4,236,372


See
      accompanying notes to consolidated financial statements.




6





**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**




**CONSOLIDATED
      STATEMENTS OF CASH FLOWS(UNAUDITED)**




**Nine
                      Months Ended****September
                      30,****2007**
                  
                  
                  **2006**CASH
                      FLOWS FROM OPERATING ACTIVITIESNet
                      Loss
                  
                  $
                  (950,752
                  )
                  
                  $
                  (284,505
                  )Adjustments
                      to reconcile net income to net cash provided by operating
                      activities:Depreciation
                  
                  
                  28,730Stock
                      Based Compensation
                  
                  
                  237,104Changes
                      in operating assets and liabilitiesPayments
                      on Properties to be acquired
                  
                  
                  (1,216,781
                  )Increase
                      in Prepaid Expenses
                  
                  
                  (396,311
                  )Increase
                      (decrease) in accounts payable
                  
                  
                  384,176
                  
                  
                  
                  (2,474
                  )Increase
                      in accrued expenses and other liabilities
                  
                  
                  314Increase
                      (decrease) in Accrued Interest
                  
                  
                  21,375Net
                      cash used by operating activities
                  
                  
                  (1,892,145
                  )
                  
                  
                  (286,979
                  )CASH
                      FLOWS FROM INVESTING ACTIVITIESCommission
                      paid on disposal of rental propertyNet
                      cash used in investing activities
                  
                  
                  -
                  
                  
                  
                  -CASH
                      FLOWS FROM FINANCING ACTIVITIESPayments
                      on mortgage payable
                  
                  
                  (66,000
                  )Cash
                      Acquired in Acquisition
                  
                  
                  46,227Proceeds
                      from loans payable related party
                  
                  
                  1,515,868Convertible
                      Notes Payable
                  
                  
                  
                  
                  
                  
                  287,000Sale
                      of Common Stock
                  
                  
                  500,000Net
                      cash provided by financing activities
                  
                  
                  1,996,095
                  
                  
                  
                  287,000Net
                      (decrease) increase in cash and cash equivalents
                  
                  
                  103,950
                  
                  
                  
                  21Adjustment
                      for change in exchange rate
                  
                  
                  (45,379
                  )Cash
                      and cash equivalents, beginning of period
                  
                  
                  -Cash
                      and cash equivalents, end of period
                  
                  $
                  58,571
                  
                  
                  $
                  21SUPPLEMENTAL
                      DISCLOSURE OF CASH FLOW INFORMATIONCASH
                      PAID FORInterest
                  
                  
                  74,470NON-CASH
                      INVESTING AND FINANCE TRANSACTIONS:Acquisition
                      of Rico Staete B.V.Land
                  
                  
                  (600,723
                  )Building
                  
                  
                  (6,019,350
                  )Accounts
                      Receivable
                  
                  
                  (221,802
                  )Net
                      VAT Receivable
                  
                  
                  (114,020
                  )Dutch
                      Tax Receivable
                  
                  
                  (17,694
                  )Mortgage
                      Payable
                  
                  
                  4,970,594Accounts
                      Payable
                  
                  
                  90,560Accrued
                      Expenses and other Liabilites
                  
                  
                  17,840Income
                      Tax Payable - Germany
                  
                  
                  65,235Note
                      Payable on Acquisition of Rico Staete B.V.
                  
                  
                  1,482,817Other
                  
                  
                  6,786Rent
                      Received in Advance
                  
                  
                  45,608247,922Cash
                      Acquired in Acquisition
                  
                  
                  46,227


See
      accompanying notes to consolidated financial statements.




7





**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**




**NOTESTO
      FINANCIAL STATEMENTS**


**SEPTEMBER
      30, 2007**


**(UNAUDITED)**


**NOTE
          A – ORGANIZATION AND BASIS OF PRESENTATION**
 **ORGANIZATION**
 Royal
        Invest International Corp., a Delaware corporation, together with its
        subsidiaries (collectively, the “Company”), is a fully-integrated,
        self-administered, self-managed real estate investment trust (“REIT”) providing
        acquisition and tenant-related services for its property.  The Company
        presently owns one property in Germany that consists of approximately 9.005
        m2
        (approximately 96,9 thousand square feet) rentable floor surface business
        accommodation as well as 1.478 m2 (approximately 15,9 thousand square feet)
        rentable floor office space.
 
 **BASIS
        OF PRESENTATION**
 
 The
        accompanying condensed financial statements have been prepared in accordance
        with generally accepted accounting principles for interim financial information.
        Accordingly, they do not include all of the information and footnotes required
        by generally accepted accounting principles for complete financial statements.
        In the opinion of management, all adjustments (consisting of normal recurring
        accruals) considered necessary in order to make the financial statements
        not
        misleading have been included.  Results for the three months and six
        months ended September 30, 2007 are not necessarily indicative of the results
        that may be expected for the year ending December 31, 2007.  For
        further information, refer to the financial statements and footnotes thereto
        included in the Royal Invest International Corp., formerly known as Wah King
        Invest Corp and then known as ICBS International Corp annual report on Form
        10-KSB for the year ended December 31, 2006.
  **NOTE
          B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
 ***Foreign
        Currency Translation***
 The
        Company considers the EURO to be its functional currency.  Assets and
        liabilities were translated into US dollars at the year-end exchange
        rates.  Statement of operations amounts were translated using the
        average rate during the year.  Gains and losses resulting from
        translating foreign currency financial statements were accumulated in other
        comprehensive income, a separate component of stockholders' equity
        (deficit).
 
 ***Rental
        Property***
 
 Rental
        properties are stated at cost less accumulated depreciation. Costs directly
        related to the acquisition of rental properties are capitalized. Ordinary
        repairs and maintenance are expensed as incurred; major replacements and
        betterments, which improve or extend the life of the asset, are capitalized
        and
        depreciated over their estimated useful lives.
 
 Properties
        are depreciated using the straight-line method over the estimated useful
        lives
        of the assets.  The estimated useful life is 50 years.
 
 ***Cash
        and Cash******Equivalents***
 
 All
        highly liquid investments with a maturity of three months or less when purchased
        are considered to be cash equivalents.
 
 ***Revenue
        Recognition***
 
 Base
        rental revenue is recognized on a straight-line basis over the terms of the
        respective leases. Other income includes income from parking spaces leased
        to
        tenants, income from tenants for additional services arranged for by the
        Company
        and income from tenants for early lease terminations.
 
 ***Allowance
        for Doubtful Accounts*********
 ******
 Management
        periodically performs a detailed review of amounts due from tenants to determine
        if accounts receivable balances should be impaired based on factors affecting
        the collectability of those balances.  Management’s estimate of the
        allowance for doubtful accounts requires management to exercise significant
        judgment about the timing, frequency and severity of collection losses, which
        affects the allowance and net income.
 
 8
 **ROYAL
          INVEST INTERNATIONAL CORP. AND SUBSIDIARY**
  **NOTESTO
          FINANCIAL STATEMENTS**
 **SEPTEMBER
          30, 2007**
 **(UNAUDITED)**
  ***Income
            and Other Taxes***
 
 Rico
        Staete B.V.,a Dutch corporation and one of the subsidiaries of the Company
        presently owns one real estate property located in Germany. The rental income
        is
        originating from a German tenant in Germany and therefore subject to the
        German
        tax laws. Rico Staete B.V. declares and pays the income tax according the
        German
        tax rules. Since Rico Staete B.V. is a Dutch corporation, it is also subject
        to
        the Dutch tax laws and therefore also needs to do  income tax
        declarations in the Netherlands. The difference between the German and the
        Dutch
        income tax is payable in the Netherlands.
 
 ***Comprehensive
        Income*********
 ******
 SFAS
        No.
        130 establishes standards for the reporting and disclosure of comprehensive
        income and its components which will be presented in association with a
        company's financial statements.  Comprehensive income is defined as
        the change in a business enterprise's equity during a period arising from
        transactions, events or circumstances relating to non-owner sources, such
        as
        foreign currency translation adjustments and unrealized gains or losses on
        available-for-sale securities.  It includes all changes in equity
        during a period except those resulting from investments by or distributions
        to
        owners.  Comprehensive income is accumulated in accumulated other
        comprehensive income, a separate component of stockholders' equity, in the
        balance sheet.
 
 ***Use
        of Estimates***
  The
        preparation of financial statements in conformity with generally accepted
        accounting principles requires management to make
        estimates  and  assumptions that  affect the
        reported amounts of assets and liabilities and disclosure of contingent assets
        and liabilities at the date of the financial statements and reported amounts
        of
        revenues and expenses during the reporting period.  Actual results
        could differ from those estimates.
 
 ***Recent
        Accounting Pronouncements***
  In
        June
        2006, the Financial Accounting Standards Board (“FASB”) issued Interpretation
        48, “Accounting for Income Tax Uncertainties” (“FIN 48”). FIN 48 defines the
        threshold for recognizing the benefits of tax return positions in the financial
        statements as “more-likely-than-not” to be sustained by the taxing authority.
        Recently issued literature also provides guidance on the de-recognition,
        measurement and classification of income tax uncertainties, along with any
        related interest and penalties. FIN 48 also includes guidance concerning
        accounting for income tax uncertainties in interim periods and increases
        the
        level of disclosures associated with any recorded income tax uncertainties.
        FIN
        48 is effective for fiscal years beginning after December 15, 2006. The Company
        is currently evaluating the potential impact, if any, that the adoption of
        FIN
        48 will have on its financial statements.
 
 In
        September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements,” which
        defines fair value, establishes a framework for measuring fair value under
        other
        accounting pronouncements that permit or require fair value measurements,
        changes the methods used to measure fair value and expands disclosures about
        fair value measurements. In particular, disclosures are required to provide
        information on the extent to which fair value is used to measure assets and
        liabilities; the inputs used to develop measurements; and the effect of certain
        of the measurements on earnings (or changes in net assets). SFAS No. 157
        is
        effective for fiscal years beginning after November 15, 2007 and interim
        periods
        within those fiscal years. Early adoption, as of the beginning of an entity's
        fiscal year, is also permitted, provided interim financial statements have
        not
        yet been issued. The Company is currently evaluating the potential impact,
        if
        any, that the adoption of SFAS No. 157 will have on its financial
        statements.
 
 In
        September 2006, the Securities and Exchange Commission issued Staff Accounting
        Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when
        Quantifying Misstatements in Current Year Financial Statements” (“SAB No. 108”).
        SAB No. 108 provides guidance on how prior year misstatements should be
        considered when quantifying misstatements in the current year financial
        statements. SAB No. 108 requires registrants to quantify misstatements using
        both a balance sheet and an income statement approach and evaluate whether
        either approach results in quantifying a misstatement that, when all relevant
        quantitative and qualitative factors are considered, is material. SAB No.
        108
        does not change the guidance in SAB No. 99,
 
 “Materiality,”
        when evaluating the materiality of misstatements. SAB No. 108 is effective
        for
        fiscal years ending after November 15, 2006. Upon initial application, SAB
        No.
        108 permits a one-time cumulative effect adjustment to beginning retained
        earnings.
 
 9
 **** **ROYAL
          INVEST INTERNATIONAL CORP. AND SUBSIDIARY**
  **NOTESTO
          FINANCIAL STATEMENTS**
 **SEPTEMBER
          30, 2007**
 **(UNAUDITED)**
 ***Recent
        Accounting Pronouncements (Cont.)***
  In
        February 2007, the FASB issued SFAS No. 159,*The Fair Value Option for
        Financial Assets and Financial Liabilities* (“SFAS 159”). SFAS 159 allows
        entities to measure at fair value many financial instruments and certain
        other
        assets and liabilities that are not otherwise required to be measured at
        fair
        value. SFAS 159 is effective for fiscal years beginning after November 15,
        2007.
        The Company has not determined what impact, if any, that adoption will have
        on
        results of operations, cash flows or financial position.
  **NOTE
        C – ACQUISITION**
 
 On
        July
        21, 2007, The Company acquired Rico Staete B.V., a Dutch company. For accounting
        purposes the  Company has included the results of operations as if it
        occurred on July 1, 2007.
 
 The
        fair
        value of the asset acquired is as follows:
 
 Cash
                  
                  $
                  46.213Accounts
                      Receivable
                  
                  
                  156.130Value
                      Added Tax Receivable
                  
                  
                  60.812Land
                      and Building
                  
                  
                  6.250.3846.513.539Less:
                      Liabilities Assumed
                  
                  
                  5.113.529Net
                      Assets Acquired
                  
                  $
                  1.400.010Purchase
                      Price
                  
                  $
                  1.400.010
 
 **NOTE
          D – GOING CONCERN**
 As
        shown
        in the accompanying financial statements, the Company has incurred net losses
        of****$950,752 for the nine months ended September 30, 2007
        and has a stockholders' deficit
        of****$604,760.  Management's plans include the
        raising of capital through the equity markets to fund future operations,
        seeking
        additional acquisitions, and the generating of revenue through its business.
        Failure to raise adequate capital and generate adequate sales revenues and
        loans
        could result in the Company having to curtail or cease
        operations.  Additionally, even if the Company does raise sufficient
        capital to support its operating expenses and generate adequate revenues,
        there
        can be no assurances that the revenue will be sufficient to enable it to
        develop
        business to a level where it will generate profits and cash flows from
        operations. These matters raise substantial doubt about the Company's ability
        to
        continue as a going concern.  However, the accompanying financial
        statements have been prepared on a going concern basis, which contemplates
        the
        realization of assets and satisfaction of liabilities in the normal course
        of
        business.  These financial statements do not include any adjustments
        relating to the recovery of the recorded assets or the classification of
        the
        liabilities that might be necessary should the Company be unable to continue
        as
        a going concern.
  **NOTE
        E - FUNDS NOT ACCOUNTED FOR**
 
 Due
        to a
        dispute with the Company's European consultants, who received $431,066 in
        wired
        funds intended for the purchase of European properties, management was unable
        to
        determine how the funds were spent.  Accordingly, these amounts were
        written-off to consulting expense, $231,050 and $200,016 during the years
        ended
        December 31, 2006 and 2005, respectively, and are included in the
        accumulated deficit of $1,945,448 at September 30, 2007.
  10
 **** **ROYAL
          INVEST INTERNATIONAL CORP. AND SUBSIDIARY**
  **NOTESTO
          FINANCIAL STATEMENTS**
 **SEPTEMBER
          30, 2007**
 **(UNAUDITED)**
 **NOTE
        F - CONVERTIBLE PROMISSORY NOTES**
  During
        the period March 1, 2005 to July 31, 2005, the Company issued convertible
        promissory notes aggregating $589,000. The notes are unsecured and bear interest
        at a rate of 10% per annum. The principal and interest is due June 27,
        2006.  On November 16, 2005, a majority of holders of the outstanding
        notes opted to convert the principal and interest on their notes into common
        shares of the Company at $0.75 per share.  The Company converted
        $542,067 of notes plus interest into 849,176 shares of common
        stock.
  During
        the period January 1, 2006 to March 31, 2006, the Company issued additional
        convertible promissory notes aggregating $220,000.  The notes are
        unsecured and bear interest at a rate of 10% per quarter.  The
        principal and interest is due 90 days after the issuance of the notes, but
        automatically renews and continues to accrue interest.
  All
        outstanding notes are currently in default.
  **NOTE
        G – MORTGAGE PAYABLE**
 
 The
        Mortgage is payable to a bank in monthly installments of $ 22,335. The mortgage
        bears a variable interest rate (monthly euribor + 2%). The mortgage is
        collateralized by the land and building.
 
 Currently,
        the Company is negotiating to refinancing this property with another major
        mortgage supplier.
 
 At
        September 30, 2007, minimum future principal payments over the next five
        years
        and in the aggregate are as follows:
 
 **Year
                          Ending****September
                          30,**
                      
                      **Amount**2007
                      
                      $
                      127,4502008
                      
                      
                      509,8022009
                      
                      
                      509,8022010
                      
                      
                      509,8022011
                      
                      
                      509,802Subsequent
                          Payments
                      
                      
                      2,803,936Total
                      
                      $
                      4,970,594
  **NOTE
        H - TENANT LEASES**
 
 At
        September 30, 2007, the Property is leased to one tenant under an operating
        lease expiring in 2008. The lease provides for annual base rents and the
        pass-through of charges for electrical usage.
 
 Future
        minimum rentals to be received under non-cancelable operating leases at
        September 30, 2007 are as follows:
 
 **Year**
                  
                  **Amount**2007
                  
                  $
                  127,4542008
                  
                  
                  509,814ThereafterTotal
                  
                  $
                  637,268
 
 11
 **ROYAL
          INVEST INTERNATIONAL CORP. AND SUBSIDIARY**
  **NOTESTO
          FINANCIAL STATEMENTS**
 **SEPTEMBER
          30, 2007**
 **(UNAUDITED)**
 **NOTE
        I – DEFERRED INCOME TAXES**
 
 In
        the
        past, Rico Staete B.V., a wholly owned subsidiary of the Company, sold certain
        properties at a profit. Dutch tax law allows Real Estate Investment Trusts
        to
        postpone the payment of income tax resulting from the sale of properties
        by
        setting up a replacement reserve to purchase another property within a certain
        time. A portion of the original profit is not allowed to be postponed. The
        postponed income tax payable is shown as deferred tax in the balance
        sheet.
  **NOTE
        J – STOCKHOLDERS’ EQUITY**
 
 On
        July
        23, 2007, the Company issued 1,975,868 shares of its Common Stock to the
        Chief
        Executive Officer and the Chief Financial Officer for services rendered.
        The
        shares were valued at $ 0.12 per share for a total consideration of $
        237,104.
 
 On
        June
        5, 2007, the Company sold five million (5,000,000) shares of the Company’s
        Common Stock for five-hundred-thousand dollars ($500,000) to Muermans Vast
        Goed Roermond B.V.  As a result of this transaction, Muermans Vast Goed
        Roermond B.V. has become the Company’s largest shareholder.
  **NOTE
        K - LOANS PAYABLE TO RELATED PARTY**
 
 Principal
        stockholders of the Company have loaned to the Company $1,528,230 as at
        September 30, 2007 to fund operations. The loans are unsecured and bear interest
        at the rate of 6% per annum. On October 24, 2007, the board approved a
        resolution allowing these shareholders to convert $408,000 of the debt to
        544,000 shares of common stock of the Company. The balance of the loans are
        to
        be repaid in cash.
 
 **NOTE
        L - NOTE PAYABLE ON ACQUISITION OF RICO STAETE B.V.**
 
 On
        July
        19, 2007, the Company executed a note with a Dutch corporation for $1,482,817
        for the acquisition of Rico Staete B.V. The note is unsecured and bears interest
        at the rate of 6% per annum. The note is due on November 1, 2007.  On
        November 16, 2007, the parties signed an addendum to this note extending
        the
        payment date to December 31, 2007.
  **NOTE
        M - COMMITTMENTS AND CONTINGENCIES**
  On February
        16, 2007 the Company signed a Contract with Mr. Nielkanth Balewpersad
        Tewarie as Seller, and Mr. Franciscus Adrianus Maria Faijdherbe as
        Guarantor to purchase a 2,680 square meters (approx. 28,817 square feet)
        commercial office building known as Sloterweg 22 in Badhoevedorp, the
        Netherlands for €3,475,000 (US $4,726,000) in cash.  The property
        which has a yearly rental income of €311,548.  In addition the Company
        will pay real estate transfer tax of €208,500 and approximately €35,000 in
        notary transfer expenses.  To date the Company has paid on July 4,
        2007 €50,000 in deposit.  The transaction is subject to bank financing
        in the amount of €2,867,000 from the Bank of Scotland which the Company has
        applied for and is awaiting a decision and the balance from investors who
        are in
        place as soon as the bank financing takes place.
  On May
        25, 2007 the Company signed a Contract with Machine Transport Midden
        Nederland BV; FVG BV; Emile-Staete BV; Rico Staete BV, and E.C.M. Hoff
        Holding BV to purchase seven commercial properties in the Netherlands and
        Germany with approx. 42,744 square meters (approx. 459,613 square
        feet) for €37,666,000 (US $51,225,760) in cash and stock.  The
        properties which have a yearly rental income of €2,875,589 (US
        $3,910,801).  In addition the Sellers will pay any real estate
        transfer tax and Company will pay approximately €75,000 in notary transfer
        expenses.  The transaction is subject to bank financing in the amount
        of €31,074,450 from the Bank of Scotland which the Registrant has applied for
        and is awaiting a decision and shares of the Registrant valued at $0.10 per
        share for a total of 104,780,880, signing a note with the Sellers for €1,038,969
        (US $1,412,998), refinancing of €3,560,000 (US $4,841,600) and 1,000
        newly issued preferred shares to ECM.  The preferred shares have a
        right to appoint one member to the Board of Directors and the right to request
        the Board of Directors to call for a shareholders' meeting.   The
        acquisition of Rico Staete BV occured on July 21, 2007.
 
 12
 **** **ROYAL
          INVEST INTERNATIONAL CORP. AND SUBSIDIARY**
  **NOTESTO
          FINANCIAL STATEMENTS**
 **SEPTEMBER
          30, 2007**
 **(UNAUDITED)**
 **NOTE
          M - COMMITTMENTS AND CONTINGENCIES (CONT.)**
 
 On May
        25, 2007 the Company entered into a Legal Service Agreement with SEC ATTORNEYS
        LLC in which Jerry Gruenbaum, the CEO of the Company is the Managing
        Member.  Under said Legal Service Agreement, the Company agreed to pay
        SEC ATTORNEYS LLC €12,000 (US $16,320) per month for one year and thereafter for
        an indefinite period subject to one month written notice by either party
        to
        provide legal service to the Company and to provide a CEO and CFO for the
        Company.
 
 On May
        25, 2007 the Company entered into a Term Sheet Agreement with the Bank of
        Scotland for funding to assist with the acquisition of a mixed property
        investment portfolio.  Under said Term Sheet the bank agrees to
        provide €100,000,000 (US $136,000,000) financing, with the first drawdown of
€51,150,000 (US $69,564,000) based on an expected LTV of targeted portfolio
        of
€62,000,000 (US $84,320,000).  The Agreement provides for an abort fee
        of 10bps (€100,000 (US $134,000) by the Company if it chooses an alternative
        funder after the Bank of Scotland credit approval has been
        granted.  The Company as of this date is waiting for approval decision
        from the bank.
 
 On May
        25, 2007 the Company entered into a Consulting Agreement with ECM in which
        David
        Havenaar, the Managing Director of the Company's subsidiary Royal Invest
        Europe
        B.V. is a shareholder to secure financing for the Company to fund its planned
        acquisitions.  ECM is to be paid a 2% finders fee for securing funding
        from a bank, and 8% finder's fee for securing funding from investors for
        the
        Company.
 
 On March
        13, 2007 which was revised on July 12, 2007, the Company signed a
        Contract with Muermans Vastgoed 46 B.V. to purchase an 18,338 square
        meters (approx. 197,183 square feet) commercial office building known as
        Schepersmaat 4, 9405 TA in Assen, the Netherlands for €24,311,000 (US
        $33,062,960) in cash and newly issued stock.  The property which has a
        yearly rental income of €2,000,000 (US $2,680,000) which is guaranteed by the
        Seller for two years.  In addition the Sellers will pay any real
        estate transfer tax and the Company will pay approximately €60,000 in notary
        transfer expenses.  The transaction is subject to bank financing in
        the amount of €19,000,000 (US $25,460,000) from the Bank of Scotland which the
        Company has applied for and is awaiting a decision and the balance of the
        purchase price payable with the Company's shares valued at $0.2078 per share
        for
        a total of 20,000,000 newly issued shares.
  On June
        14, 2007 the Company signed a Contract with Stedekroon B.V. to acquire
        two commercial properties, one is a 8,713 square meters (approx. 93,688
        square feet) office building in Amersfoort, the Netherlands which has an
        annual
        rental income of €417,590 (US$559,571) with Norit N.V. a subsidiary of a
        publicly traded tenant that has a lease contract until December 20, 2016
        and the
        other, is a 4,402 square meters (approx. 47,333 square feet) office
        building with a shopping strip in Emmen, the Netherlands which has an annual
        rental income from four tenants, including from the national government of
        the
        Netherlands which pays €438,634 (US $587,770) and the other tenants pay a total
        of €93,510 (US $125,303), €22,231 (US $29,790) and €30,945 (US $41,633) for a
        total of €585,320 (US $784,329), for a combined rental income of €1,003,270 (US
        $1,364,447).  The properties are being purchased for €13,750,000 (US
        $18,425,000) for cash.  The Contract is subject to Board of Directors
        approval which is awaiting appraisal report.  In addition the Company
        will pay any real estate transfer tax and notary transfer expenses.
  On
        or
        about June 19, 2007 the Company signed a Contract with Bloemers
        Onroerend Goed B.V. to purchase a commercial warehouses and office building
        known as J.C.Beetslaan 153 at 2131 AL Hoofddorp, the Netherlands for €6,500,000
        (US $8,840,000) in cash.  The Contract is subject to Board of
        Directors approval which is awaiting appraisal report.  In addition
        the Company will pay any real estate transfer tax and notary transfer
        expenses.
 
 On
        July
        25, 2007, the Company signed a Contract to purchase Alfang B.V. which which
        owns a series of mortgaged commercial properties in the Netherlands for
€3,825,000 (US $5,202,000) of which € 2,500,000 in cash and € 1,325,000 to be
        paid in newly issued stock at $1.20 per share.  The properties have a
        yearly rental income of € 1,345,162.  The Contract is subject to Board
        of Directors approval which is awaiting appraisal report.  In addition
        the Company will pay any real estate transfer tax and notary transfer
        expenses.
  On
        September 7, 2007, the Company entered into a binding Memorandum of Agreement
        to
        acquire all of the issued and outstanding shares of Glacier Gazdasagi Tanacsado
        es Szolgaltato Korlatolt Felelossegu Tarsagag (“Glacier”) for approximately
        $20,400,000 excluding transfer costs which are to be paid by the
        Company.  The purchase price is to be paid as follows: cash in the
        amount of $16,320,000 and a note payable and shares of the Company's common
        stock in the amount of $4,080,000.  The amount of common stock issued
        in the purchase is limited to $2,040,000 and will be based on $1.25 per
        share.  Glacier owns five (5) commercial rental properties in
        Budapest, Hungary.
  **NOTE
        N – SUBSEQUENT EVENTS**
 
 On
        October 9, 2007, the board of directors approved the issuance of a 6% $141,000
        convertible promissory note to be converted prior to October 9, 2010 at a
        conversion price of $1.25 per share.
 
 On
        October 26, 2007, the board of directors approved the conversion of $408,000
        of
        loans from related parties to 544,000 shares of the Company’s Common Stock at a
        conversion price of $0.75 per share.
  13
  **ITEM
      2.         MANAGEMENT’S
      DISCUSSION AND ANALYSIS OR PLAN OF OERATION.**





Cautionary
      Statement Pursuant to Safe Harbor Provisions of the Private Securities
      Litigation Reform Act of 1995:





This
      Quarterly Report on Form 10-QSB for the quarterly period ended September 30,
      2007 contains "forward-looking" statements within the meaning of the Federal
      securities laws.  These forward-looking statements include, among
      others, statements concerning the Company's expectations regarding sales trends,
      gross and net operating margin trends, political and economic matters, the
      availability of equity capital to fund the Company's capital requirements,
      and
      other statements of expectations, beliefs, future plans and strategies,
      anticipated events or trends, and similar expressions concerning matters that
      are not historical facts.  The forward-looking statements in this
      Quarterly Report on Form 10-QSB for the quarterly period ended September 30,
      2007 are subject to risks and uncertainties that could cause actual results
      to
      differ materially from those results expressed in or implied by the statements
      contained herein.





The
      interim
      financial statements have been prepared by Royal Invest International Corp.
      and in the opinion of management, reflect all material adjustments which are
      necessary to a fair statement of results for the interim periods presented,
      including normal recurring adjustments.  Certain information and
      footnote disclosures made in the most recent annual financial statements
      included in the Company's Form 10-KSB for the year ended December 31, 2006,
      have
      been condensed or omitted for the interim statements.  It is the
      Company's opinion that, when the interim statements are read in conjunction
      with
      the December 31, 2006 financial statements, the disclosures are adequate to
      make
      the information presented not misleading.  The results of operations
      for the three months and six months ended September 30, 2007 are not necessarily
      indicative of the operating results for the full fiscal year.





**(A)       THE
      COMPANY**





The
        Company
        was incorporated in the State of Delaware as part of a reorganization on
        May 2,
        2005.  In January 2007 the Company changed its name to Royal Invest
        International Corp. (“Royal Invest”) and trades on the OTC under the stock
        symbol “RIIC”.  The Company was originally organized on October 30,
        1980, under the laws of the State of Florida as C.N.W. Corp.  The
        Company did not have any activity before 1998 and, accordingly, commencement
        of
        its development stage is considered to be at the beginning of
        1998.  On July 21, 1998, the Company increased its capitalization from
        1,000 common shares to 50,000,000 common shares. The par value was changed
        from
        $1 to $0.001.  On July 21, 1998, the Company changed its name to C.N.W
        of Orlando Inc., and on December 28, 1998 it changed its name to GlobalNetCare,
        Inc.  The company's direction and sole activities were to operate in
        Canada a medical Website.  The medical Website never totally
        developed.
  On
        September
        12, 2000, the Company acquired all the issued and outstanding shares of Cor-Bit
        Peripherals Inc. and BusinessWay Computer Centers Inc.  On January 31,
        2001 GlobalNetCare changed its name to BusinessWay International
        Corporation.  By 2004 the company had no operating
        businesses.
  On
        December
        6, 2004 the Company changed its name to ICBS International Corp., reversed
        split
        all the Company’s issued shares on a five for one basis, and acquired Inter
        Canadian Business Services Ltd. also known as Service D’affaires Inter Canadian
        Ltee of Westmont, Quebec, Canada including its subsidiary Puritan Securities,
        Inc. of New York, New York, an SEC registered broker-dealer and a member
        of the
        NASD for 86,173,987 newly issued shares subject to voting restrictions and
        performance conditions.  On February 14, 2005 the acquisition of Inter
        Canadian Business Services Ltd. was cancelled, and the Company acquires back
        Puritan Securities, Inc. of New York, New York for 17,909,507 newly issued
        shares.  These shares were not subject to any voting restrictions or
        performance conditions.  In addition all outstanding Class A Special
        Voting Shares were converted to common and the series was
        eliminated.
  On
        May 9,
        2005 the Company was acquired and merged into Wah King Invest Corp., a Delaware
        corporation in a corporate reorganization.  In addition, the Company
        reversed split all its issued shares on a ten for one basis.
  On
        November
        15, 2005 a majority of the shareholders of record by special meeting of the
        shareholders approved the sale of the Company’s subsidiary Puritan Securities,
        Inc. to Blue Ribbon International Corp., an OTC publicly traded company that
        thereafter changed its name to Puritan Financial Group, Inc. (hereinafter
        “Puritan Financial”) for 37,500,000 preferred shares of Puritan Financial which
        were converted to 7,500,000 common shares of Puritan Financial after a 5
        to 1
        reverse.  On November 15, 2005 the Company issued the Puritan
        Financial shares as a stock dividend to its shareholders of record on November
        21, 2005.
  14
  On
        January
        26, 2007 the Company focus changed.  On that date the Company changed
        its European consultants and began negotiations for the acquisition of
        properties and building facilities in The Netherlands and Germany.  As
        a consequence of the change, the Company changed its name to its current
        name
        Royal Invest International Corp.
  Unless
        the
        context indicates otherwise, the terms “Company,” “Corporate”, “Royal Invest,”
and “we” refer to Royal Invest International Corp. and its subsidiary. Our
        executive offices are located at 1350 Avenue of the Americas, 24th Floor,
        New York,
        NY 10019-4702.
 
 **(B)       BUSINESS
        DEVELOPMENT**
 
 History
        and Description:
  The
        Company
        was incorporated in the State of Delaware as part of a reorganization on
        May 2,
        2005.  In January 2007 the Company changed its name to Royal Invest
        International Corp. (“Royal Invest”) and trades on the OTC under the stock
        symbol “RIIC”.  The Company was originally organized on October 30,
        1980, under the laws of the State of Florida as C.N.W. Corp. On February
        1,
        1981, the Company issued 1,000 shares of its $1 par value common stock for
        services of $1,000. The Company did not have any activity before 1998 and,
        accordingly, commencement of its development stage is considered to be at
        the
        beginning of 1998.  On July 21, 1998, the Company increased its
        capitalization from 1,000 common shares to 50,000,000 common
        shares.  The par value was changed from $1 to $0.001.  On
        July 21, 1998, the Company changed its name to C.N.W of Orlando Inc., and
        on
        December 28, 1998 it changed its name to GlobalNetCare, Inc.  The
        company's direction and sole activities were to operate in Canada with the
        creation of its wholly owned Canadian subsidiaries.  On February 3,
        1998, the Company incorporated its wholly owned subsidiary, 3423336 Canada
        Ltd.,
        a Canadian company, to develop a medical Website.  However, the
        anticipated plans and operations of the Company for its medical Website have
        not
        and will not be achieved or pursued further.  Due to its inability to
        generate sufficient revenues from these operations, the management had decided
        to pursue a different course and line of business.
  With
        the
        completion of the acquisition of Cor-Bit Peripherals Inc. and BusinessWay
        Computer Centers Inc. on September 12, 2000, the Company was no longer
        considered a development stage enterprise. The acquisition included the
        incorporation of another wholly owned subsidiary, 3739007 Canada Ltd., for
        the
        purpose of acquiring 100% control of all issued and outstanding shares of
        Cor-Bit Peripherals Inc. and BusinessWay Computer Centers Inc. Under this
        share
        Exchange Agreement, the Company acquired the shares of Cor-Bit Peripherals
        Inc.
        and BusinessWay Computer Center Inc. in exchange of 40,000,000 exchangeable
        Preferred Shares of 3739007 Canada Ltd., which were exchangeable for the
        same
        number of shares of the Company's common stock, and 37,923,891 Class A Special
        Voting Shares in the capital of the Company. The Special Voting Shares were
        issued to the principal owners of the acquired companies.  The
        principals of BusinessWay retained BusinessWay's franchise retail operations,
        as
        the retail operations of BusinessWay were not included under the terms of
        the
        Acquisition.  At the closing date of acquisition, a new Board of
        Directors was formed consisting of the principals of BusinessWay, Cor-Bit
        as
        well as one former director of the company were put into place to lead the
        company in its new business direction.
  On
        January
        31, 2001 GlobalNetCare changed its name to BusinessWay International
        Corporation.  The name change took effect at the opening for trading
        on the OTC Bulletin Board on Thursday, February 8, 2001 under the new stock
        symbol "BITL".  BusinessWay also increased its authorized capital from
        100,000,00 shares of $0.001 par value common stock and 40,000,000 Class A
        Special Voting shares, without par value, to 300,000,000 shares of $0.001
        par
        value common stock and 120,000,000 Class A Special Voting Shares, without
        par
        value.
  With
        the
        unforeseen downturn in the economy and computer industry as well as major
        price-cutting by competitors, the company was required to restructure and
        streamline certain operations.  The independent franchise of existing
        retail stores put a major strain and load on the operations of Cor-Bit and
        BusinessWay Group.  The relationship with the independent retailers
        deteriorated and management was faced with many restructuring and
        streamlining.  As a result, the company a new direction of
        "Corporately owned and operated retail stores". The techniques and application
        of the B2B system software was key in successfully implementing the new computer
        division strategy.
  15
 By
        2004 the
        company had no operating businesses.  On September 24, 2004, the
        Company entered into an Acquisition Agreement to purchase Inter Canadian
        Business Services, Ltd. A Canadian Corporation with its corporate headquarters
        located in Westmount, Quebec, Canada, which owned all the issued and outstanding
        shares of Puritan Securities, Inc., a New York Corporation located in New
        York,
        New York, an SEC registered broker-dealer and a member of the
        NASD.  The aggregate consideration for the acquisition was 86,173,987
        newly issued post five to one reverse common shares of the Company.
  Inter
        Canadian Business Services, Ltd. was a business consulting company located
        in
        Greater Montreal, Canada servicing companies throughout the world intending
        to
        do business in Canada that owned a U.S. licensed broker-dealer based in New
        York
        City, that specializes in servicing small to mid-sized companies that cover
        an
        extensive range of services from taking companies public in the United States,
        incorporation, back-office administration to capital raising in a variety
        of
        industry sectors. Inter Canadian Business Services, Ltd. has placed its emphasis
        on accounting, financial and administrative support for their
        clients.
  On
        September
        24, 2004, at a Special meeting of the Shareholders, the Company approved
        to
        change its name from BusinessWay International Corporation to ICBS International
        Corp; and that the shares to acquire Inter Canadian Business Services, Ltd.
        shall have no voting rights until the conditions as set forth in the Acquisition
        Agreement have been fully met.  The Acquisition Agreement called for a
        minimum of $500,000USD in cumulative profit, from January 1, 2005 to December
        31, 2005 or to have raised a minimum of $1,000,000USD of additional financing
        on
        or before December 31, 2005 for up to 12,000,000 additional common shares.
        In
        the event the said conditions were not met by December 31, 2005, these newly
        issued shares were cancelled.
  On
        December
        6, 2004 the Company changed its name to ICBS International Corp., changed
        its
        trading symbol to ICBO, reversed split all the Company’s issued shares on a five
        for one basis, and acquired Inter Canadian Business Services Ltd. of Westmont,
        Quebec, Canada including its subsidiary Puritan Securities, Inc. of New York,
        New York, an SEC registered broker-dealer and a member of the NASD for
        86,173,987 newly issued shares subject to voting restrictions and performance
        conditions.
  On
        February
        14, 2005, after ICBS International Corp. was unable to fulfill the performance
        condition, the acquisition of Inter Canadian Business Services Ltd. was
        cancelled and the 86,173,987 shares were returned to treasury.  On the
        same date, the Company acquires back Puritan Securities, Inc. of New York,
        New
        York for 17,909,507 newly issued shares.  These new shares were not
        subject to any voting restrictions or performance conditions.  In
        addition all outstanding Class A Special Voting Shares were converted to
        common
        and the series was eliminated.
  On
        May 9,
        2005 the Company was acquired and merged into Wah King Invest Corp., a Delaware
        corporation in a corporate reorganization.  In addition, the Company
        reversed split all its issued shares on a ten for one basis.
  On
        November
        15, 2005 a majority of the shareholders of record by special meeting of the
        shareholders approved the sale of the Company’s subsidiary Puritan Securities,
        Inc. to Blue Ribbon International Corp., an OTC publicly traded company that
        thereafter changed its name to Puritan Financial Group, Inc. (hereinafter
        “Puritan Financial”) for 37,500,000 preferred shares of Puritan Financial which
        were converted to 7,500,000 common shares of Puritan Financial after a 25
        to 1
        reverse.  On November 15, 2005 the Company issued the Puritan
        Financial shares as a stock dividend to its shareholders of record on November
        21, 2005.
  On
        January
        26, 2007 the Company focus changed.  On that date the Company changed
        its European consultants and began negotiations for the acquisition of
        properties and building facilities in The Netherlands and Germany.  As
        a consequence of the change, the Company changed its name to its current
        name
        Royal Invest International Corp.
 
 16
  **(C)       BUSINESS**
  On
        November
        15, 2005 the former subsidiary, Puritan Securities, Inc., was sold to Puritan
        Financial, and the Company issued the Puritan Financial shares as a stock
        dividend to its shareholders of record on November 21, 2005.  Prior,
        on February 12, 2005, the Company entered into an agreement with Puritan
        Securities, Inc. and issued 17,909,507 shares of its common stock to acquire
        it.  In connection with the merger, Puritan Securities, Inc. became a
        wholly owned subsidiary of the Company.  Prior to the merger and after
        the spin-out, the Company was a non-operating “shell” corporation.
  The
        Company
        on December 29, 2006, acquired two Dutch “shell” corporations which became
        wholly owned subsidiaries of the Company.  The shell corporations have
        no assets or liabilities.  The shell corporations will be utilized to
        acquire the investment properties and to account for the operation of the
        applicable properties.
  On
        January 26, 2007, the Company filed an amendment with the Secretary of State
        of
        the state of Delaware to change the name of the Company from Wah King Invest
        Corp. to Royal Invest International Corp.
  On February
            16, 2007 the Company signed a Contract with Mr. Nielkanth Balewpersad
            Tewarie as Seller, and Mr. Franciscus Adrianus Maria Faijdherbe as
            Guarantor to purchase a 2,680 square meters (approx. 28,817 square feet)
            commercial office building known as Sloterweg 22 in Badhoevedorp, the
            Netherlands for €3,475,000 (US $4,726,000) in cash.  The property
            which has a yearly rental income of €311,548.  In addition the Company
            will pay real estate transfer tax of €208,500 and approximately €35,000 in
            notary transfer expenses.  To date the Company has paid on July 4,
            2007 €50,000 in deposit.  The transaction is subject to bank financing
            in the amount of €2,867,000 in bank financing from the Bank of Scotland
            which the Company has applied for and is awaiting a decision and the
            balance
            from investors who are in place as soon as the bank financing takes
            place.
 On May
          25, 2007 the Company signed a Contract with Machine Transport Midden
          Nederland BV; FVG BV; Emile-Staete BV; Rico Staete BV, and E.C.M. Hoff
          Holding BV to purchase seven commercial properties in the Netherlands and
          Germany with approx. 42,744 square meters (approx. 459,613 square
          feet) for €37,666,000 (US $51,225,760) in cash and stock.  The
          properties which have a yearly rental income of €2,875,589 (US
          $3,910,801).  In addition the Sellers will pay any real estate
          transfer tax and Company will pay approximately €75,000 in notary transfer
          expenses.  The transaction is subject to bank financing in the amount
          of €31,074,450 from the Bank of Scotland which the Registrant has applied for
          and is awaiting a decision and shares of the Registrant valued at $0.10
          per
          share for a total of 104,780,880, signing a note with the Sellers for €1,038,969
          (US $1,412,998), refinancing of €3,560,000 (US $4,841,600) and 1,000
          newly issued preferred shares to ECM.  The preferred shares have a
          right to appoint one member to the Board of Directors and the right to
          request
          the Board of Directors to call for a shareholders’ meeting.
  On May
          25, 2007 the Company entered into a Management Services Agreement with
          Statenconsult B.V. in which David Havenaar, the Managing Director of the
          Company’s subsidiary Royal Invest Europe B.V. is the Managing
          Director.  Under said Management Service Agreement, the Company agreed
          to pay to Statenconsult approximately €10,000 (approx. US $13,400) per
          month for an indefinite period subject to one month written notice by either
          party to provide management of Royal Invest Europe BV, the operating subsidiary
          of the Company.
  On May
          25, 2007 the Company entered into a Legal Service Agreement with Sec Attorneys
          LLC in which Jerry Gruenbaum, the CEO of the Company is the Managing
          Member.  Under said Legal Service Agreement, the Company agreed to pay
          SEC ATTORNEYS LLC €12,000 (US $16,320) per month for one year and thereafter for
          an indefinite period subject to one month written notice by either party
          to
          provide legal service to the Company and to provide a CEO and CFO for the
          Company.
  On May
          25, 2007 the Company entered into a Term Sheet Agreement with the Bank
          of
          Scotland for funding to assist with the acquisition of a mixed property
          investment portfolio.  Under said Term Sheet the bank agrees to
          provide €100,000,000 (US $136,000,000) financing, with the first drawdown of
€51,150,000 (US $69,564,000) based on an expected LTV of targeted portfolio
          of
€62,000,000 (US $84,320,000).The
          Agreement provides for an abort fee of 10bps (€100,000 (US $134,000) by the
          Company if it chooses an alternative funder after the Bank of Scotland
          credit
          approval has been granted.The
          Company as of this date is waiting for approval decision from the
          bank.
  On May
          25, 2007 the Company entered into a Consulting Agreement with ECM in which
          David
          Havenaar, the Managing Director of the Company’s subsidiary Royal Invest Europe
          B.V. is a shareholder to secure financing for the Company to fund its planned
          acquisitions.  ECM is to be paid a 2% finders fee for securing funding
          from a bank, and 8% finder’s fee for securing funding from investors for the
          Company.
  On March
          13, 2007 which was revised on July 12, 2007, the Company signed a
          Contract with Muermans Vastgoed 46 B.V. to purchase an 18,338 square
          meters (approx. 197,183 square feet) commercial office building known as
          Schepersmaat 4, 9405 TA in Assen, the Netherlands for €24,311,000 (US
          $33,062,960) in cash and newly issued stock.  The property which has a
          yearly rental income of €2,000,000 (US $2,680,000) which is guaranteed by the
          Seller for two years.  In addition the Sellers will pay any real
          estate transfer tax and the Company will pay approximately €60,000 in notary
          transfer expenses.  The transaction is subject to bank financing in
          the amount of €19,000,000 (US $25,460,000) from the Bank of Scotland which the
          Company has applied for and is awaiting a decision and the balance of the
          purchase price payable with the Company’s shares valued at $0.2078 per share for
          a total of 20,000,000 newly issued shares.
 17
 
 
 In
              addition
              per the above Contract with Muermans Vastgoed 46
              B.V. ,  on June 5, 2007, the Company sold Five Million
              (5,000,000) shares of the Company’s common stock for Five Hundred Thousand
              Dollars ($500,000) to Muermans Vast Goed Roermond B.V.   As a result
              of the above transaction, Muermans Vast Goed Roermond B.V. has become
              the
              Company’s largest shareholder, owning greater than 50% of the issued and
              outstanding shares of the Company.
 On
                June 5, 2007 the
                Company The Company changed the name of its subsidiary Wah
                King
                Properies B.V. to Royal Invest Europe B.V.
 On June
              14, 2007 the Company signed a Contract with Stedekroon B.V. to acquire
              two commercial properties, one is a 8,713 square meters (approx. 93,688
              square feet) office building in Amersfoort, the Netherlands which has
              an annual
              rental income of €417,590 (US$559,571) with Norit N.V. a subsidiary of a
              publicly traded tenant that has a lease contract until December 20,
              2016 and the
              other, is a 4,402 square meters (approx. 47,333 square feet) office
              building with a shopping strip in Emmen, the Netherlands which has
              an annual
              rental income from four tenants, including from the national government
              of the
              Netherlands which pays €438,634 (US $587,770) and the other tenants pay a total
              of €93,510 (US $125,303), €22,231 (US $29,790) and €30,945 (US $41,633) for a
              total of €585,320 (US $784,329), for a combined rental income of €1,003,270 (US
              $1,364,447).  The properties are being purchased for €13,750,000 (US
              $18,425,000) for cash.  The Contract is subject to Board of Directors
              approval which is awaiting appraisal report.  In addition the Company
              will pay any real estate transfer tax and notary transfer expenses.
 On June
              19, 2007 the Company signed a Contract with Bloemers Onroerend
              Goed B.V. to purchase a commercial warehouses and office building known
              as
              J.C.Beetslaan 153 at 2131 AL Hoofddorp, the Netherlands for €6,500,000 (US
              $8,840,000) in cash.  The Contract is subject to Board of Directors
              approval which is awaiting appraisal report.  In addition the Company
              will pay any real estate transfer tax and notary transfer
              expenses.
  On a
              July
              19, 2007 the Company through its subsidiary Royal Invest Europe B.V. made
              an acquisition when it signed a Transfer of Shares agreement in front
              of a civil
              notary in the Netherlands whereby it acquired the shares of Rico Staete
              B.V., a
              private company with limited liability whose registered office is in
              Amsterdam
              and whose place of business is at 1067 SX Amsterdam, Osdorperweg 522a,
              company
              number B.V. 236.586, from Machine Transport Midden-Nederland B.V., a
              private company with limited liability whose registered office is in
              Bunnik, the
              Netherlands, having its main office at 2231 HV Rijnsburg, the Netherland,
              Brouwerstraat 138C, entered in the commercial register of the Chamber
              of
              Commerce and Industry for Utrecht under file number 30157069, for the price
              of €1.038.969 (approximately $1,412,998 USD) to be paid to the Seller in
              accordance with the Loan Agreement from Seller to Royal Invest Europe
              B.V. and
              subject to a Pledge Agreement.
  On
              July 23, 2007, the Company issued 987,934 shares of the Company's common
              stock
              each to Jerry Gruenbaum and Nathan Lapkin as compensation for services
              rendered
              to date valued at $0.12 per share for a total of 1,975,868 shares valued
              at
              $118,552 each.
  On July 25, 2007, the Company signed a Contract to purchase Alfang
              B.V.
              which which
              owns a series of mortgaged commercial properties in the Netherlands
              for
€3,825,000 (US $5,202,000) of which € 2,500,000 in cash and € 1,325,000 to be
              paid in newly issued stock at $1.20 per share.  The
              properties have a yearly rental income of € 1,345,162.  The Contract
              is subject to Board of Directors approval which is awaiting appraisal
              report.  In addition the Company will pay any real estate transfer tax
              and notary transfer expenses.
  August
              30, 2006 the Company received a written notice from the Bank of Scotland
              that
              the Bank's Executive Board has preliminarily approved the Registrant's
              €100.000.000 funding requirement from the Bank as outlined in the term
              sheet as
              was issued by the Bank on May 25, 2007 a copy of which was filed with
              the SEC on
              Form 8-K dated August 13, 2007.
 On September
                              7, 2007 the Company entered into a binding Memorandum
                              of Agreement subject to
                              satisfactory completion of its due diligence investigation
                              with R.I.G.
                              Investments Limited registered at CY-Pikioni 4 P.C.
                              3075 Limassol Cyprus, Trade
                              Registry No.: HE 159858, represented by Andri Athanasiuos
                              its Managing
                              Director to acquire 100 per cent of the shares of Glacier Gazdasagi
                              Tanacsadó es Szolgaltató Korlatolt Felelõssegu Tarsagag, registered at 1024
                              Budapest, Ady Endre u. 19. Registered by the Metropolitan
                              Court as Court of
                              Registry under company reg. no. 01-09-677822 for €15.000.000 (approximately
                              $20,400,000 USD) excluding transfer costs.
  **(D)      
              STRATEGY**
  Our
        business
        strategy is to acquire commercial real estate in Europe in very good locations
        and to transform them to Class A properties.  Sustainable growth of
        the Dutch and German commercial real estate market has bottomed out to a
        state
        of minor growth.  The main reason for this trend is the small and
        medium enterprises in the Netherlands and Germany are having great difficulties
        in finding suitable commercial real estate space to buy or lease.  The
        combination of online (virtual) and offline (physical) business has changed
        the
        way companies interact and collaborate with each other and their
        customers.  Shorter time to market cycles and lower margins are
        forcing companies to specialize in a specific field and outsource all
        non-specific business process and services.  The uniqueness of the
        Company’s concept is that we can cater for a growing demand for sector specific
        complimentary business services combined with suitable commercial real estate
–
also on a short lease basis.  The current competition is only offering
        bare square meters instead of square meters in combination with value added
        services and close proximity of peer companies.
  18
 RESULTS OF OPERATIONS FOR THE THREE MONTHS  ENDED
        SEPTEMBER 30, 2007 COMPARED TO THE THREE MONTHS ENDED SEPTEMBER 30,
        2006.
 
 We
        are a
        company that is acquiring commercial real estate in Europe in very good
        locations and transforming them to Class A properties.  Revenues for
        the three months and nine months ended Sepember 30, 2007 were
        $128,897 compared to no revenues for the same periods in
        2006.  Total operating expenses were $538,208 for the three
        months ended September 30, 2007 and $987,249 for the nine months ended
        September 30, 2007 compared to $34,657 and $175,805 for the same periods in
        2006.  The increases in operating expenses were primarily a result of
        increase in general and administrative expenses.
 
 Interest
        expense for the three months ended September 30, 2007 was $81,678 and for
        the nine months ended September 30, 2007 was $95,928 compared to $25,130
        and
        $44,835 for the same periods in 2006.  The increase were
        primarily due to interest on mortgages paid by the Company.
 
 As
        a
        result, Income (Loss) Prior to continued operations was ($487,461) for the
        three months ended September 30, 2007 and ($950,752) for the nine months
        ended September 30, 2007, compared to $136,064 and ($284,505) for the
        same periods in 2006.
 
 **LIQUIDITY
        AND CAPITAL RESOURCES**
 
 Net
        cash
        used in operating activities was ($1,892,145) for the nine months ended
        September 30, 2007.  This was primarily related to the increase in
        payments on properties to be acquired.
 
 Total
        short-term and long-term debt at September 30, 2007 was $9,217,030 and total
        shareholders’ equity was ($604,760).
  **Critical
        Accounting Policies and Estimates**
 
 In
        preparing our consolidated financial statements in conformity with accounting
        principles generally accepted in the United States of America, we must make
        decisions that impact the reported amounts of assets, liabilities, revenues
        and
        expenses, and related disclosures.  Such decisions include the
        selection of the appropriate accounting principles to be applied and the
        assumptions on which to base accounting estimates.  In reaching such
        decisions, we apply judgments based on our understanding and analysis of
        the
        relevant circumstances, historical experience, and actuarial valuations.
        Actual
        amounts could differ from those estimated at the time the consolidated financial
        statements are prepared.
 
 Our
        significant accounting policies are described in Note B to the consolidated
        financial statements.  Some of those significant accounting policies
        require us to make difficult subjective or complex judgments or estimates.
        An
        accounting estimate is considered to be critical if it meets both of the
        following criteria: (i) the estimate requires assumptions about matters that
        are
        highly uncertain at the time the accounting estimate is made, and (ii) different
        estimates that reasonably could have been used, or changes in the estimate
        that
        are reasonably likely to occur from period to period, would have a material
        impact on the presentation of our financial condition, changes in financial
        condition or results of operations.
 
 Accounts
        Receivable Valuation. We value accounts receivable, net of an allowance for
        doubtful accounts. Each quarter, we estimate our ability to collect outstanding
        receivables that provides a basis for an allowance estimate for doubtful
        accounts. In doing so, we evaluate the age of our receivables, past collection
        history, current financial conditions of key customers, and economic
        conditions.  Based on this evaluation, we establish a reserve for
        specific accounts receivable that we believe are uncollectible, as well as
        an
        estimate of uncollectible receivables not specifically known.  A
        deterioration in the financial condition of any key customer or a significant
        slow down in the economy could have a material negative impact on our ability
        to
        collect a portion or all of the accounts and notes receivable.
  **OFF-BALANCE
        SHEET ARRANGEMENTS**
 
 We
        have
        no off-balance sheet arrangements that have or are reasonably likely to have
        a
        current or future material effect on us.


**ITEM
      3.              CONTROLS
      AND PROCEDURES**




The
      Corporation maintains and is currently undertaking actions to improve disclosure
      controls and procedures designed to ensure that information required to be
      disclosed in reports filed under the Securities Exchange Act of 1934, as
      amended, is recorded, processed, summarized and reported within the specified
      time periods.  As of the end of the period covered by this report, the
      Corporation’s Chief Executive Officer and Chief Financial Officer evaluated the
      effectiveness of the Corporation’s disclosure controls and procedures. As
      indicated in Note E to the Financial Statements for fiscal year ended
      December 31, 2006, Management was unable to account for funds sent to the
      European consultants which were intended for the purchase of properties in
      Europe. Because of this, Management has determined that there were material
      deficiencies in its controls and procedures over said funds. A "material
      weakness" is a reportable condition in which the design or operation of one
      or
      more of the specific control components have a defect or defects that could
      have
      a material adverse effect on our ability to record, process, summarize and
      report financial data in the financial statements in a timely manner. Such
      material weakness relates in this situation to management's failure to take
      adequate steps to insure a complete accounting of all funds sent to the
      Company's European consultants. While we believe we have adequate policies
      to
      cover disbursement of funds overseas, we believe implementation of these
      policies should be improved. The impact of the preceding condition was relevant
      to the years ended December 31, 2005 and 2006.  In order to alleviate this
      weakness, management intends to re-evaluate its policies relating to the
      disbursement of funds overseas and to engage additional accounting personnel
      both in the U.S. and Europe to document the disbursement of all funds intended
      for investment.  There has been no change in the Company’s internal control
      over financial reporting that occurred during the quarter covered by this report
      that has materially affected, or is reasonably likely to materially affect,
      the
      Company’s internal control over financial reporting.


19





**PART
      II.OTHER INFORMATION**





**ITEM
      1.              
LEGAL PROCEEDINGS**





There
      is no
      past, pending or, to the Company's knowledge, threatened litigation or
      administrative action which has or is expected by the Company's management
      to
      have a material effect upon our Company's business, financial condition or
      operations, including any litigation or action involving our Company's officers,
      directors, or other key personnel.








**ITEM
      2.             
CHANGES IN SECURITIES AND USE OF PROCEEDS**




On
      July 23, 2007, the Company issued 987,934 shares of the Company's
      common stock each to Jerry Gruenbaum and Nathan Lapkin as compansation for
      services rendered to date valued at $0.12 per share for a total of 1,975,068
      shares valued at $118,552 each.




**ITEM
      3.               
DEFAULTS UPON SENIOR SECURITIES**





During the period March 1, 2005 to July 31, 2005, the Company issued convertible
      promissory notes aggregating $589,000. The notes were unsecured and bear
      interest at a rate of 10% per annum. The principal and interest was due June
      27,
      2006.  On November 16, 2005 a majority holders of the outstanding
      notes opted to convert the principal and interest on their notes into common
      shares of the Company at $0.75 per share.  The Company converted
      $542,067 of notes plus interest into 849,176 shares of common
      stock.




During the period January 1, 2006 to March 31, 2006, the Company issued
      additional convertible promissory notes aggregating $220,000.  The
      notes are unsecured and bear interest at a rate of 10% per
      quarter.  The principal and interest is due 90 days after the issuance
      of the notes, but automatically renews and continues to accrue
      interest.




In May 2006 the Company repaid $30,000 of the principal on remaining
      outstanding notes.




All
      outstanding notes are currently in default.





**ITEM
      4.                
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**





None




**ITEM
      5.                  
OTHER INFORMATION**





None




20


**ITEM
      6.                   EXHIBITS
      AND REPORTS ON FORM 8-K**





(a)            Exhibits:





Exhibit
      31.1                                Certification
      of Jerry Gruenbaum, Chairman & CEO


Exhibit
      31.2                                Certification
      of Nathan Lapkin, Director, President & CFO





Exhibit
      32.1                                Certification
      of Jerry Gruenbaum, Chairman & CEO


Exhibit
      32.2                                Certification
      of Nathan Lapkin, Director, President & CFO








(b)            Reports
      on Form 8-K:




The
      Company
      filed a Form 8-K on August 13, 2007 relating to Item 1.01.  The Company
      stated that on
      or
      about February 16, 2007 the Company through its subsidiary Royal Invest Europe
      B.V., formerly known as Wah King Properties B.V. through Mr. David Havenaar
      of
      Rotterdam, the Netherlands, its Managing Director, entered into a Contract
      of
      Sale with Mr. Nielkanth Balewpersad Tewarie of Purmerend, The Netherlands as
      Seller, and Mr. Franciscus Adrianus Maria Faijdherbe of Amsterdam, the
      Netherlands as Guarantor to purchase a 2,680 m2 (approximately
      28,817 square feet) commercial office building known as Sloterweg 22 in
      Badhoevedorp, the Netherlands for €3.475.000 (approximately $4,726,000 USD) in
      cash.  The
          Company
          filed a Form 8-K on August 13, 2007 relating to Item 1.01.  The Company
          stated that on
          or
          about May 25, 2007 the Company through its CEO Jerry Gruenbaum of Westport,
          Connecticut USA and its subsidiary Royal Invest Europe B.V., through its
          Managing Director David Havenaar of Rotterdam, the Netherlands, entered
          into a
          binding Memorandum of Agreement with Machine Transport Midden Nederland
          BV, of
          Rijnsburg, the Netherlands; FVG BV, of Amsterdam, the Netherlands; Emile-Staete
          BV, of Amsterdam, the Netherlands; and Rico Staete BV, of Amsterdam, the
          Netherlands and E.C.M. Hoff Holding BV of Rotterdam, the
          Netherlands to purchase 7 properties in the Netherlands and
          Germany for €37.666.000 (approximately $51,225,760 USD) in cash and
          stock.
 The Company filed a Form 8-K on August 13, 2007 relating
        to Item
        1.01.  The Company stated that on
        or
        about May 25, 2007 the Company entered into a Management Services Agreement
        with
        Statenconsult B.V. in which David Havenaar, the Managing Director of the
        Registrant’s subsidiary Royal Invest Europe B.V. is the Managing Director. Under
        said Management Service Agreement, the Company agreed to pay to Statenconsult
        approximately €10.000 (approximately $13,400 USD) per month for an indefinite
        period subject to one month written notice by either party to provide management
        of Royal Invest Europe BV, the operating subsidiary of the
        Company. The
            Company
            filed a Form 8-K on August 13, 2007 relating to Item 1.01.  The Company
            stated that on
            or
            about May 25, 2007 the Company entered into a Legal Service Agreement
            with Sec
            Attorneys LLC in which Jerry Gruenbaum, the CEO of the Company is the
            Managing
            Member. Under said Legal Service Agreement, the Company agreed to pay
            Sec
            Attorneys LLC €12.000 (approximately $16,320 USD) per month for one year and
            thereafter for an indefinite period subject to one month written notice
            by
            either party to provide legal service to the Company and to provide a
            CEO and
            CFO for the Company.
 The Company filed a Form 8-K on August 13, 2007 relating
        to Item
        1.01.  The Company stated that on
        or
        about May 25, 2007 the Company entered into a Term Sheet Agreement with the
        Bank
        of Scotland for funding to assist with the acquisition of a mixed property
        investment portfolio. Under said Term Sheet the bank agrees to provide
€100.000.000 (approximately $146,000,000 USD) financing, with the first drawdown
        of €51.150.000 (approximately $69,564,000 USD) based on an expected LTV of
        targeted portfolio of €62.000.000 (approximately $84,320,000 USD).  The
            Company
            filed a Form 8-K on August 15, 2007 relating to Item 1.01.  The Company
            stated that on
            or
            about March 13, 2007 which was revised on July 12, 2007, the Company
            through its
            CEO Jerry Gruenbaum of Westport, Connecticut USA and its subsidiary Royal
            Invest
            Europe B.V., through its Director David Havenaar of Rotterdam, the Netherlands,
            entered into a binding Memorandum of Agreement with Muermans Vastgoed
            46 B.V.of
            Herten, Roermond, the Netherlands as Seller to purchase an 18,338 m2 (approximately
            197,183 square feet) commercial office building known as Schepersmaat
            4, 9405 TA
            in Assen, the Netherlands for € 24.311.000 (approximately $33,062,960 USD) in
            cash and newly issued stock.
 The Company filed a Form 8-K on August
          15, 2007 relating to Item 1.01.  The Company stated that on
          or
          about June 19, 2007 the Company through its CEO Jerry Gruenbaum of Westport,
          Connecticut USA and its subsidiary Royal Invest Europe B.V., through its
          Director David Havenaar of Rotterdam, the Netherlands, entered into a binding
          Contract of Sale with Bloemers Onroerend Goed B.V.of Oirschot, the Netherlands
          as Seller to purchase a commercial warehouses and office building known
          as
          J.C.Beetslaan 153 at 2131 AL Hoofddorp, the Netherlands for €6.500.000
          (approximately $8,840,000 USD) in cash.  21
 The
              Company
              filed a Form 8-K on August 15, 2007 relating to Item 1.01.  The Company
              stated that on
              or
              about July 25, 2007 the Company through its CEO Jerry Gruenbaum of
              Westport,
              Connecticut USA and its subsidiary Royal Invest Europe B.V., through
              its
              Director David Havenaar of Rotterdam, the Netherlands, entered into
              a binding
              Contract of Sale with the shareholders of Alfang B.V.of Eindhoven,
              the
              Netherlands as Seller to purchaseAlfang B.V. which owns a series of
              mortgaged
              commercial properties in the Netherlands for €3.825.000 (approximately
              $5,202,000 USD) of which €2.500.000 in cash and €1.325.000 to be paid in newly
              issued stock at $1.20 per share. The properties have a yearly rental
              income of
€1.345.162.
 The
              Company
              filed a Form 8-K on August 16, 2007 relating to Item 1.01.  The Company
              stated that on
              or
              about June 14, 2007 the Company through its subsidiary Royal Invest
              Europe B.V.,
              by its Director David Havenaar of Rotterdam, the Netherlands, entered
              into a
              Memorandum of Understanding with Stedekroon B.V.of the Netherlands
              as Seller to
              two commercial properties, one is a 8,713 m2
              (approximately
              93,688 square feet) office building in Amersfoort, the Netherlands
              which has an
              annual rental income of €417.590 (approximately $559,571 USD) with Norit N.V. a
              subsidiary of a publicly traded tenant that has a lease contract until
              December
              20, 2016 and the other, is a 4,402 m2
              (approximately
              47,333 square feet) office building with a shopping strip in Emmen,
              the
              Netherlands which has an annual rental income from four tenants, including
              from
              the national government of the Netherlands which pays €438.634 (approximately
              $587,770 USD) and the other tenants pay a total of €93.510 (approximately
              $125,303 USD), €22.231 (approximately $29,790 USD) and €30.945 (approximately
              $41,633 USD) for a total of €585.320 (approximately $784,329 USD), for a
              combined rental income of €1.003.270 (approximately $1,364,447 USD). The
              properties are being purchased for €13.750.000 (approximately $18,425,000 USD)
              for cash.  The
                Company filed a
                Form 8-K on August 16, 2007 relating to Item 8.01.  The Company stated that
                on
                or about the 29thday
                of December 2006 the Company when it was called Wah King Invest
                Corp. acquired a company in The Netherlands called Wah King Properies
                B.V. On
                the 5thof
                June, the Company as a result of changing its name to Royal Invest
                International
                Corp, changed the name of its operating subsidiary from Wah King
                Properties B.V.
                to Royal Invest Europe B.V.
 
 The Company filed a Form 8-K on August 30, 2007
                relating to Item Item
                8.01.  The Company stated that on
                or
                about the 30thday
                of August 2006 the Company received a written notice from the
                Bank of Scotland that the Bank's Executive Board has preliminarily
                approved the
                Registrant's €100.000.000 funding requirement from the Bank as outlined in the
                term sheet as was issued by the Bank on May 25, 2007 a copy of which
                was filed
                with the SEC on Form 8-K dated August 13, 2007.  The
                    Company
                    filed a Form 8-K on September 17, 2007 relating to Items 1.02 and Item
                    9.01.  The Company stated that on
                    or
                    about July 19, 2007 the Company through its subsidiary Royal
                    Invest Europe B.V.
                    through Mr. David Havenaar of Rotterdam, the Netherlands, its
                    Managing Director
                    made an acquisition when it signed a Transfer of Shares agreement
                    in front of a
                    civil notary in The Netherlands whereby it acquired the shares
                    of Rico Staete
                    B.V., a private company with limited liability whose registered
                    office is in
                    Amsterdam and whose place of business is at 1067 SX Amsterdam,
                    Osdorperweg 522a,
                    company number B.V. 236.586, from Machine Transport Midden-Nederland B.V.,
                    a private company with limited liability whose registered office
                    is in Bunnik,
                    the Netherlands, having its main office at 2231 HV Rijnsburg,
                    the Netherland,
                    Brouwerstraat 138C, entered in the commercial register of the
                    Chamber of
                    Commerce and Industry for Utrecht under file number 30157069, for the price
                    of €1.038.969 (approximately $1,412,998 USD) to be paid to the Seller
                    in
                    accordance with the Loan Agreement from Seller to Royal Invest
                    Europe B.V. and
                    subject to a Pledge Agreement.
 The Company filed a Form 8-K on
                September 17, 2007 relating to Items 1.01 and Item 9.01.  The Company
                stated that on
                or
                about September 7, 2007 the Company entered into a binding Memorandum
                of
                Agreement subject to satisfactory completion of its due diligence
                investigation
                with R.I.G. Investments Limited registered at CY-Pikioni 4 P.C. 3075
                Limassol
                Cyprus, Trade Registry No.: HE 159858, represented by Andri Athanasiuos
                its
                Managing Director to acquire 100 per cent of the shares of Glacier
                Gazdasagi Tanacsadó es Szolgaltató Korlatolt Felelõssegu Tarsagag, registered at
                1024 Budapest, Ady Endre u. 19. Registered by the Metropolitan Court
                as Court of
                Registry under company reg. no. 01-09-677822 for €15.000.000 (approximately
                $20,400,000 USD) excluding transfer costs.


**SIGNATURES**








In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly
      authorized.





**ROYAL
                  INVEST INTERNATIONAL CORP.**(Registrant)Date:
                November 19, 2007
            
            By:
                /s/ JERRY GRUENBAUMJerry
                GruenbaumChief
                Executive Officer andChairman
                of the Board(Duly
                Authorized Officer)Date:
                November 19, 2007
            
            By:
                /s/ NATHAN LAPKINNathan
                LapkinPresident
                and ChiefFinancial
                Officer and Director(Principal
                Financialand
                Accounting Officer)





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