RAP ACQUISITION CORP. ANNOUNCES RESTATEMENT AND REFILING OF ITS JUNE 30, 2010 AND SEPTEMBER 30, 2010 UNAUDITED INTERIM FINANCIAL

TORONTO, Dec. 22 /CNW/ -- 
TSX VENTURE EXCHANGE: RAP.H 


/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE
 SERVICES./


TORONTO, Dec. 22 /CNW/ - RAP Acquisition Corp. ("RAP") has restated and re-filed its unaudited interim financial statements
 and management's discussion and analysis for the six month period
 ending June 30, 2010 and nine month period ending September 30, 2010. 


The restatement of RAP's interim financial statements arises from the
 presentation of the interim financial statements on an unconsolidated
 basis. The statements originally filed did not include the consolidated
 results of operation of the Company's formerly owned operating
 subsidiary Rapid Refill Corp. The revised financial statements report
 the six and nine month results on a consolidated basis, which includes
 the results of operations in Rapid Refill Corp.  up to the date of
 disposition on June 17, 2010, and consolidated numbers for comparative
 periods.


In addition, the revised financial statements reporting currency is US
 dollars for consistency with the 2009 audited annual financial
 statement and consolidated interim financial statement for the period
 ended March 31, 2010.


As a result of these corrections RAP's net income for the  three month
 period ended June 30, 2010 increased by USD $85,756, and for six month
 period ended September 30, 2010 and nine month period ended September
 30, 2010 increased by USD $61,861.


Investors are cautioned that trading in the securities of a CPC should
 be considered highly speculative.


RAP is governed by the policies of the NEX Exchange.  RAP's principal
 business is the identification and evaluation of assets or businesses
 with a view to completing an acquisition. 


Neither NEX Exchange nor its Regulation Services Provider (as that term
 is defined in the policies of the NEX Exchange) accepts responsibility
 for the adequacy or accuracy of this release.


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pElena Masters, CFO at 416-972-9993./p

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