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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (11394)	10/8/1999 2:25:00 PM
From: Kevin Clarke	Read Replies (1) \| Respond to of 150070

Hows that Steve?

To: SSP who wrote (11394)	10/8/1999 2:29:00 PM
From: Joe Copia	Read Replies (2) \| Respond to of 150070

Many folks suckered on REIC October 08, 1999 14:16 Claremont Holdings Fails in its Effort to Buy Out REII Inc. NAPLES, Fla.--(BUSINESS WIRE)--Oct. 8, 1999--CLAREMONT HOLDINGS LTD., a privately held corporation registered in Nassau, Bahamas has failed to provide the necessary guarantees of funding to provide the all cash purchase of all the outstanding shares of REII INC. (OTCBB:REIC) as indicated in their tender offer on September 15, 1999. "Claremont Holdings Ltd., advised us that we could expect these answers to the funding questions no later that 1:00 PM October 7, 1999," said Garfield Ricketts, President of REII Inc. "Owing to the fact that we have not received this guarantee, we see no reason to seek the shareholders approval since we have now come to the conclusion that Claremont Holdings Ltd, cannot provide the necessary funding to conclude this transaction," concluded Garfield Ricketts. CONTACT: REII Inc., Naples