| Business Summary | | Baltic
International
USA,
Inc.
(BIUSA)
provides
capital,
management
and
technical
services
to
start-up
and
established
private
companies.
In
most
instances,
the
Company
is
directly
involved
in
management,
and
in
all
instances
assists
in
allocation
of
capital
either
directly
from
the
Company
or
through
the
investment
of
third
parties.
BIUSA
has
not
taken
significant
profits
or
management
fees
from
these
investments.
During
1999,
the
Company
decided
to
sell
most
of
its
business
interests
in
Eastern
Europe
and
to
focus
on
utilizing
its
assets
to
achieve
profitability
by
acquiring
business
operations
based
in
the
United
States.
The
Company
has
limited
cash
resources
available
for
investment
purposes. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BISA
provides
capital,
management
and
technical
services
to
start-up
and
established
private
companies
located
primarily
in
Eastern
Europe.
BISA
ownes
interest
in
air
transportation
and
aviation-related
services
such
as
catering.
For
the
fiscal
year
ended
12/00,
revenues
totaled
$1.1
million,
up
from
$24
thousand.
Net
loss
appl.
to
Comm.
from
continuing
ops
rose
13%
to
$602
thousand.
Revenues
reflect
the
acquisition
of
Advanced
Reclamation
Company.
Higher
loss
reflects
acquisition
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Robert Knauss, 69 Chairman
and CEO | $24K | David Grossman, 36 Pres,
CFO, Corp. Sec. | 108K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|