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Strategies & Market Trends
REIC REII INCORPORATED

An SI Board Since September 1999

Posts	SubjectMarks	Bans
16	0	0

Emcee: Israel	Type: Unmoderated

Introduction Compact

REIC currently .75, buyout offer for 1.80

Friday September 17, 1:54 pm Eastern Time
Company Press Release
REII Inc. Announces Consideration of $8 Million Offer
NAPLES, Fla.--(BUSINESS WIRE)--Sept. 17, 1999--The board of directors of REII Incorporated (OTC BB:REIC - news) is presently considering an offer of $8 million for the company which equals about $1.80 per share for all the outstanding shares of the company.

REII Incorporated (Formerly BAP Acquisition Corp.) has 20,000,000 shares authorized with 4,655,000 shares outstanding. REII Incorporated is the parent company of Ricketts Enterprises International Inc.

The offer includes all outstanding shares of the company as well as all outstanding debts and agreements, which includes options on 18 income properties, as well as the first refusal of a software company.

The board of directors do not require the approval of the shareholders to accept this offer, however the board of directors have passed a resolution that all shareholders will be notified before a final acceptance.

This offer expires Sept. 25, 1999.

--------------------------------------------------------------------------------
Contact:

American Venture, Naples
John Dennee, Investor Relations, 716/670-9642

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
16	-------------------------------------------------------------------------------	mark collins	-	10/27/1999
15	Another POS is born....	Wayne Rumball	-	10/19/1999
14	<b>Say bye-bye to the "great buyout deal"... =================	vagabond	-	10/8/1999
13	Getting close to 1:00pm hope the news comes out.	mark collins	-	10/8/1999
12	It looks like it, on RB there are two people that have talked to the President	The Saint	-	10/8/1999
11	What's up with this company? Is this deal for real and when is the price go	Wade Spencer Graves	-	10/7/1999
10	Bull Run Picks BullRun Members, Here is a shortterm trade you may want to ch	The Saint	-	10/5/1999
9	NEWS: accepts the tender offer of $1.80 NAPLES, Fla., Oct 5, 1999 (BUSINESS WI	TallTrader	-	10/5/1999
8	Interesting posts on RB today....personally, I think Ricketts is full of it and	Ken Johnston	-	9/23/1999
7	No, it was a different PR. IR location moved from FL to NY	Wayne Rumball	-	9/23/1999
6	Anyone know anything here ??? The same press release was issued today !!! Wha	Chris K.	-	9/23/1999
5	Haven't heard. MM's were brutal this morning	Wayne Rumball	-	9/20/1999
4	Got in on Friday....any update on the coming PR? Is management talking? KJ	Ken Johnston	-	9/20/1999
3	According to what I heard PR is due monday. Just hoping it is the right one...	Wayne Rumball	-	9/19/1999
2	I do belive there is another PR scheduled for sometime next week. Happy tradin	Israel	-	9/19/1999
1	Cando spoke with them just before the close on Friday. Don't know what the	Wayne Rumball	-	9/19/1999

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