REII INCORPORATED
(Formerly Bap Acquisition Corp.)
1051 FIFTH AVENUE NORTH,
NAPLES, FL 34102-5818
TEL: (941) 261-3396
FAX: (941) 261-5031
November 12, 1998
Ms. Barbara Jacobs-Deputy Director
Mr, Ed. Loftus-Chief Accountant
U.S.Securities & Exchange Commission,
Corporate & Finance Small Business Section,
Washington, DC
I am hereby transmitting form 10Q-SB for the period ended September 30, 1998.
The financial statements included herein reflect no changes from the
preceding periods in accounting principles or practices or in the method
of applying them.
Yours Truly,
REII Incorporated.
/s/ Garfield Ricketts
- ----------------------
Garfield Ricketts-President.
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 10-QSB
QUARTERLY REPORT PUSRUANT TO SECTION 13 OR 15 (d) THE
SECURITIES EXCHANGE ACT OF 1934
For the Quarter Ending September 30,1998 Commission File Number 21-16563-B
REII INCORPORATED
(Formerly Bap Acquisition Corp.
-----------------------------------------------------
( Exact Name of Registrant as Specified in its Charter)
DELAWARE 51-0373876
----------------------- ---------------------
(State or other Jurisdiction of (IRS Employee Number)
(Incorporation Or Organization)
1051 FIFTH AVENUE NORTH, NAPLES, FLORIDA 34102
------------------------------------------ ----------
(Address of Principal Executive Offices) (Zip Code)
(941) 261-3396
------------------------------
(Regiatrant's Telephone Number
Including Area Code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceeding 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_____
As of September 30, 1998 4,655,310 shares of common stock, $.001 par were
outstanding.
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<NAME> REII INCORPORATED
(FORMERLY BAP ACQUISITION CORP)
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<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> SEP-30-1998
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0
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<OTHER-SE> 336,381
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<INCOME-PRETAX> (5,904)
<INCOME-TAX> 404
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