Reclamation Services: Baltic International USA
August 25, 2000
Baltic International USA, Inc. (Houston, TX) announces that for the quarter ended June 30, the company recorded its first operating profit. Second quarter revenues were $377,757 and income from operations was $9,923, with a net loss of $9,952 or $0.01 per share. For the second quarter of 1999, Baltic reported revenues of $4,179, loss from operations of $94,276, and a net loss of $42,669 or $0.01 per share. The increase in revenues is said to be the result of Baltic's acquisition of Advanced Reclamation Co. in February.