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Strategies & Market Trends : REIC REII INCORPORATED

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To: Israel who wrote ()	10/5/1999 2:31:00 PM
From: TallTrader	Read Replies (1) of 16

NEWS: accepts the tender offer of $1.80 NAPLES, Fla., Oct 5, 1999 (BUSINESS WIRE) -- REII Inc. (OTC BB:REIC), a Naples based firm, has agreed in principle to accept the tender offer proposed by Claremont Holdings Ltd., a private investment company, to purchase all the outstanding shares. The terms of the deal were $8 million or $1.80 per share. No other terms of the agreement were disclosed. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: REII Inc., Naples Garfield Ricketts, 941/261-3396

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