**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 OCTOBER 31, 
2006**
 **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 August 1,
                2007 was: 11,240,573**







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





1


**ROYAL
      INVEST INTERNATIONAL CORP.**





**FORM
      10-QSB**


**FOR
      QUARTER ENDED OCTOBER 31, 2006**





**TABLE
      OF CONTENTS**








**PART
                I. FINANCIAL INFORMATION**ITEM
                1. FINANCIAL STATEMENTS (UNAUDITED)
            3Consolidated
                Balance Sheet as of October 31, 2006 (Unaudited) and July 31,
                2006
            5Consolidated
                Statements of Operations – For the Three Months Ended October 31,
                2006 and 2005 (Restated)
            6Consolidated
                Statements of Cash Flows – For the Three Months Ended October 31, 2006 and
                2005 (Restated)
            7Notes
                to Financial Statements
            8ITEM
                2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF
                OPERATION
            12ITEM
                3. CONTROLS AND PROCEDURES
            16**PART
                II. OTHER INFORMATION**ITEM
                1. - LEGAL PROCEEDINGS
            16ITEM
                2. - CHANGES IN SECURITIES AND USE OF PROCEEDS
            16ITEM
                3. - DEFAULTS UPON SENIOR SECURITIES
            17ITEM
                4. - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
            17ITEM
                5. - OTHER INFORMATION
            17ITEM
                6. - EXHIBITS AND REPORTS ON FORM 8-K
            17**SIGNATURES**
            18




2


**PART
      I. FINANCIAL INFORMATION**








**ITEM
      1.                      FINANCIAL
      STATEMENTS**







**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**





**(FORMERLY
      WAH KING INVEST CORP.)**





**UNAUDITED
      FINANCIAL STATEMENTS**





**FOR
      THE QUARTER ENDED OCTOBER 31, 2006 AND 2005**







3




CONTENTS


______________________________________________________________________________________





Consolidated
                Balance Sheets as of October 31, 2006 (Unaudited) and July 31,
                2006
            Page
                1





Consolidated
                Statements of Operations for the three months ended July 31, 2006
                and 2005
                (Unaudited)
            2





Consolidated
                Statements of Cash Flows for the three months ended July 31, 2006
                and 2005
                (Unaudited)
            3





Notes
                to Consolidated Financial Statements (Unaudited)
            4





4


**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**





**(FORMERLY
      WAH KING INVEST CORP.)**





**CONSOLIDATED
      BALANCE SHEETS**







October
                    31,
                
                
                July
                    31,2006
                
                
                2006(Unaudited)**ASSETS**CURRENT
                    ASSETSCash
                
                $
                21
                
                
                $
                60Total
                    current assets
                
                
                21
                
                
                
                60TOTAL
                    ASSETS
                
                $
                21
                
                
                $
                60







**LIABILITIES
      AND STOCKHOLDERS’ DEFICIT**






CURRENT
                    LIABILITIESAccounts
                    payable
                
                $
                36,090
                
                
                $
                16,090Income
                    taxes payable
                
                
                2,452
                
                
                
                2,452Due
                    to related party
                
                
                12,724
                
                
                
                12,724Convertible
                    promissory notes payable
                
                
                285,000
                
                
                
                285,000Accrued
                    interest
                
                
                27,630
                
                
                
                20,505Liabilities
                    from discontinued operations
                
                
                -
                
                
                
                -Total
                    current liabilities
                
                
                363,896
                
                
                
                336,771STOCKHOLDERS’
                    DEFICITClass
                    A special voting stock, no par value; 120,000,000shares
                    authorized; none issued and outstanding
                
                
                -
                
                
                
                -Common
                    stock, $0.001 par value; 300,000,000 sharesauthorized;
                    4,236,372 issued and outstandingat
                    October 31, 2006 and July 31, 2006, respectively
                
                
                4,236
                
                
                
                4,236Additional
                    paid-in capital
                
                
                610,763
                
                
                
                610,763Accumulated
                    deficit
                
                
                (978,874
                )
                
                
                (951,710
                )Total
                    Stockholders’ Deficit
                
                
                (363,875
                )
                
                
                (336,711
                )TOTAL
                    LIABILITIES AND STOCKHOLDERS’ DEFICIT
                
                $
                21
                
                
                $
                60







See
      accompanying notes to consolidated financial statements.




5





**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**





**(FORMERLY
      WAH KING INVEST CORP.)**





**CONSOLIDATED
      STATEMENTS OF OPERATIONS (UNAUDITED)**






**Three
                    Months Ended****October
                    31,****2006**
                
                
                **2005**(Restated)EXPENSESAdministrative
                    expenses
                
                $
                20,039
                
                
                $
                22,363Expenses
                    incurred in seeking acquisitions
                
                
                —
                
                
                
                50,000Total
                    Expenses
                
                
                20,039
                
                
                
                72,363OTHER
                    EXPENSESInterest
                    Expense
                
                
                (7,125
                )
                
                
                (14,750
                )Total
                    Other Expenses
                
                
                (7,125
                )
                
                
                (14,750
                )NET
                    LOSS BEFORE TAXES AND DISCONTINUED OPERATIONS
                
                
                (27,164
                )
                
                
                (87,113
                )PROVISION
                    FOR INCOME TAXES
                
                
                —
                
                
                
                —LOSS
                    FROM CONTINUING OPERATIONS
                
                
                (27,164
                )
                
                
                (87,113
                )LOSS
                    FROM DISCONTINUED OPERATIONS
                
                
                —
                
                
                
                (1,017
                )NET
                    LOSS
                
                $
                (27,164
                )
                
                $
                (88,130
                )NET
                    LOSS PER COMMON SHARES- Basic and DilutedFrom
                    continuing operations
                
                $
                (0.01
                )
                
                $
                (0.03
                )From
                    discontinued operations
                
                
                —
                
                
                
                (0.00
                )$
                (0.01
                )
                
                $
                (0.03
                )WEIGHTED
                    AVERAGE NUMBER
                  OF
                    COMMON SHARES OUTSTANDING
                
                
                4,236,372
                
                
                
                3,387,196






See
      accompanying notes to consolidated financial statements,.




6


**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**





**(FORMERLY
      WAH KING INVEST CORP.)**





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





For
                    the three months endedOctober
                    31,2006
                
                
                2005(Restated)CASH
                    FLOWS FROM OPERATING ACTIVITIESNet
                    loss
                
                $
                (27,164
                )
                
                $
                (88,130
                )Loss
                    from discontinued operations
                
                
                -
                
                
                
                (1,017
                )(27,164
                )
                
                
                (87,113
                )Adjustments
                    to reconcile net loss to netcash
                    used in operating activities:Net
                    change in operating assets of discontinued operations
                
                
                
                
                
                
                26,409Net
                    change in operating assets and liabilities,net
                    of discontinued operations:Increase
                    in accounts payable
                
                
                20,000
                
                
                
                10,607Increase
                    in accrued interest
                
                
                7,125
                
                
                
                14,750Net
                    Cash Used in Continuing Operating Activities
                
                
                (39
                )
                
                
                (35,347
                )Loss
                    from discontinued operations
                
                
                -
                
                
                
                (1,017
                )Net
                    Cash Used in Operating Activities
                
                
                (39
                )
                
                
                (36,364
                )CASH
                    FLOWS FROM FINANCING ACTIVITIESIssuance
                    of convertible promissory notes
                
                
                
                
                
                
                9,000Net
                    Cash Provided by Financing Activities
                
                
                -
                
                
                
                9,000DECREASE
                    IN CASH
                
                
                (39
                )
                
                
                (27,364
                )CASH
                    BEGINNING OF PERIOD
                
                
                60
                
                
                
                179,708CASH
                    END OF PERIOD
                
                $
                21
                
                
                $
                152,344







See
      accompanying notes to consolidated financial statements.




7





**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**





**(FORMERLY
      WAH KING INVEST CORP.)**





NOTES
      TO
      FINANCIAL STATEMENTS


OCTOBER
      31, 2006


(UNAUDITED)





**NOTE
      A     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 ended
      October 31, 2006 are not necessarily indicative of the results that may be
      expected for the year ending July 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
      July 31, 2006.





**NOTE
      B     SUMMARY OF SIGNIFICANT ACCOUNTING
      POLICIES**





Nature
      of Business





Royal
      Invest International Corp. (Formerly Wah King Invest Corp.) and Subsidiary
      (the
“Company”), a Delaware corporation, is currently in negotiation for the
      acquisition of properties and building facilities in The Netherlands and
      Germany.  Its former subsidiary, Puritan Securities, Inc., a
      broker-dealer registered with the Securities and Exchange Commission (SEC)
      and
      member of the National Association of Securities Dealers (NASD) was spun out
      of
      the company on November 15, 2005.




Reverse
      Merger/Spin Out




On
      November 15, 2005 the former subsidiary, Puritan Securities, Inc., was spun
      out
      of Royal Invest International Corp. and the shares distributed to shareholders
      of record as of November 21, 2005.  Previously, on February 12, 2005,
      Royal Invest International Corp. (formerly Wah King Invest Corp., formerly
      ICBS
      International Corp.) entered into an agreement with Puritan Securities, Inc.
      and
      issued 17,909,507 shares of its common stock to acquire Puritan Securities,
      Inc.  In connection with the merger, Puritan Securities, Inc. became a
      wholly owned subsidiary of ICBS International Corp.  Prior to the
      merger, Royal Invest International Corp. was a non-operating “shell”
corporation.  Pursuant to Securities and Exchange Commission rules,
      the merger of a private operating company, Puritan Securities, Inc., into a
      non-operating public shell corporation, with nominal net assets, is considered
      a
      capital transaction.  At the time of the merger, the officers and
      directors of ICBS International Corp. resigned and were replaced with the
      officers and directors of Puritan Securities, Inc.  For financial
      statement presentation purposes, the merger has been reflected in the financial
      statements as though it occurred on July 31, 2004.  Since the merger
      is a recapitalization and not a business combination, pro forma information
      is
      not presented.




8


**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**





**(FORMERLY
      WAH KING INVEST CORP.)**





**NOTES
      TO FINANCIAL STATEMENTS**


OCTOBER
      31, 2006


(UNAUDITED)





**NOTE
      B       SUMMARY OF SIGNIFICANT ACCOUNTING
      POLICIES (CONTINUED)**





Going
      Concern





As
      shown
      in the accompanying financial statements, the Company has incurred net losses
      of
      $27,164 for the three months ended October 31, 2006 and has a stockholders’
deficit of $363,875.  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 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
      C     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
      July 31, 2006 and 2005, respectively, and are included in the accumulated
      deficit of $978,874 at October 31, 2006.





**NOTE
      D     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.




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




9




**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**





**(FORMERLY
      WAH KING INVEST CORP.)**





**NOTES
      TO FINANCIAL STATEMENTS**


OCTOBER
      31, 2006


(UNAUDITED)





**NOTE
      E      DISPOSAL OF PURITAN
      SECURITIES**





On
      November 15, 2005 the former subsidiary, Puritan Securities, Inc., was spun
      out
      of Royal Invest International Corp. and distributed said shares to shareholders
      of record as of November 21, 2005.





This
      sale
      has been accounted for as a discontinued operation in accordance with Statement
      of Financial Accounting Standards ("SFAS") No. 144, Accounting for the
      Impairment or Disposal of Long-lived Assets. The results of operations of
      Puritan Securities, Inc. for the current and prior periods have therefore been
      reported as discontinued operations.





Operating
      results for Puritan Securities, Inc. are summarized as follows:





For
                      the three months endedOctober
                      31,2006
                  
                  
                  2005REVENUES
                      – consulting
                  
                  $
                  -
                  
                  
                  $
                  1,260EXPENSESAdministrative
                      expenses
                  
                  
                  -
                  
                  
                  
                  129,677OPERATING
                      LOSS
                  
                  
                  -
                  
                  
                  
                  (128,417
                  )OTHER
                      INCOME- Net realized gain on marketable securities
                  
                  
                  -
                  
                  
                  
                  127,400NET
                      LOSS BEFORE TAXES
                  
                  
                  -
                  
                  
                  
                  (1,017
                  )PROVISION
                      FOR INCOME TAXES
                  
                  
                  -
                  
                  
                  
                  -LOSS
                      FROM CONTINUING OPERATIONS
                  
                  $
                  -
                  
                  
                  $
                  (1,017
                  )





**NOTE
      F         SUBSEQUENT
      EVENTS**





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 Letter of Intent to acquire a Class
      A
      commercial property in Badhoevedorp, The Netherlands, having a total of 2,246
      square meters (approximately 24,176 square feet) from Mr. Nielkanth Baldewpersad
      Tewarie for a total price of €3,475,000 (US$ 4,726,000) (excluding the buyers
      cost for legal transfers).  The closing is still pending subject to
      obtaining bank financing for the property.




10





**ROYAL
      INVEST INTERNATIONAL CORP. AND SUBSIDIARY**





**(FORMERLY
      WAH KING INVEST CORP.)**





**NOTES
      TO FINANCIAL STATEMENTS**


OCTOBER
      31, 2006


(UNAUDITED)
  **NOTE
          F          SUBSEQUENT EVENTS
          (CONTINUED)**


On
      March
      13, 2007, the Company signed a Letter of Intent to acquire Class A commercial
      property in Assen, The Netherlands with a total of 34,756 square meters (approx.
      374,113 square feet) from Muermans Vastgoed 46 BV for a total renegotiated
      price
      of €24,311,000 (US$ 33,062,960) (excluding the buyers cost for legal transfers).
      The closing is still pending subject to obtaining bank financing for the
      properties.  Part of the acquisition price will be paid in shares of
      the Company’s common stock, which is yet to be determined.





On
      May
      25, 2007, the Company signed a Letter of Intent to acquire Class A commercial
      properties in the Netherlands and Germany with a total of 45,784 square meters
      (approx. 492,818 square feet) from Machine Transport Midden Nederland BV, FVG
      BV, Emile-Staete BV and Rico Staete for a total renegotiated price of
€37,666,000 (US$ 51,225,760) (excluding the buyers cost for legal
      transfers).  The closing is still pending subject to obtaining bank
      financing for the properties.  Part of the acquisition price will be
      paid in shares of the Company’s common stock which is yet to be
      determined.





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 Mr. Harry
      Muermans.  As a result of the above transaction, Mr. Muermans has
      become the Company’s largest shareholder, owning greater than 50% of the issued
      and outstanding shares of the Company.





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
      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.





11


**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 April 30, 2005
      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 April 30, 2005
      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 Wah King Invest 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 July 31, 2004, 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 July 31, 2004 financial
      statements, the disclosures are adequate to make the information presented
      not
      misleading.  The results of operations for the three months ended
      April 30, 2005 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.
  12
  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.
  13
 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.
 
 14
  **(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 Letter of Intent to acquire a Class A commercial
        property in Badhoevedorp, The Netherlands, having a total of 2,246 square
        meters
        (approximately 24,176 square feet) from Mr. Nielkanth Baldewpersad Tewarie
        for a
        total price of €3,475,000 (US$ 4,726,000) (excluding the turnover
        tax).  The acquisition closing is still pending subject to obtaining
        bank financing for the property.
 
 On
          March 13,
          2007, the Company signed a Letter of Intent to acquire Class A commercial
          property in Assen, The Netherlands with a total of 34,756 square meters
          (approx.
          374,113 square feet) from Muermans Vastgoed 46 BV for a total renegotiated
          price
          of €24,311,000 (US$ 33,062,960)(excluding the buyers cost for legal
          transfers).  The closing is still pending subject to obtaining bank
          financing for the properties.  Part of the acquisition price will be
          paid in shares of the Company’s common stock, which is yet to be
          determined.
 
 On
          May 25,
          2007, the Company signed a Letter of Intent to acquire Class A commercial
          properties in the Netherlands and Germany with a total of 45,784 square
          meters
          (approx. 492,818 square feet) from Machine Transport Midden Nederland BV,
          FVG
          BV, Emile-Staete BV and Rico Staete for a total renegotiated price of
€37,666,000 (US$ 51,225,760) (excluding the buyers cost for legal
          transfers).  The closing is still pending subject to obtaining bank
          financing for the properties.  Part of the acquisition price will be
          paid in shares of the Company’s common stock which is yet to be
          determined.
 **(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.
 15


**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 C to the Financial Statements for fiscal year ended July
      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 July
      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.





**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**




None




**Subsequent
      Events:**




On
      June 5,
      2007, the Company sold 5,000,000 shares of the Company's common stock for
      Five Hundred Thousand Dollars ($500,000) to Mr. Harry Muermans.  To
      date Mr. Muermans has paid $250,000; the remaining $250,000 is being treated
      as
      a subscription receivable.  As a result of the above transaction, Mr.
      Muermans has become the Company’s largest shareholder, owing greater than 50% of
      the issued and outstanding shares of the Company.




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 $0.10 per share for a total of 1,883,410 shares valued at $98,793
      each.




16




**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.




















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





None




**ITEM
      5.OTHER INFORMATION**





None







**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 September 25, 2006 relating to the Acquisition Agreement
      with F.V.G. B.V. a Dutch Corporation.  17


**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:
                August 1, 2007
            
            By:
                /s/ JERRY GRUENBAUMJerry
                GruenbaumChief
                Executive Officer andChairman
                of the Board(Duly
                Authorized Officer)Date:
                August 1, 2007
            
            By:
                /s/ NATHAN LAPKINNathan
                LapkinPresident
                and ChiefFinancial
                Officer and Director(Principal
                Financialand
                Accounting Officer)





18