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.