-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IOf+b9sddxhl90Um81a/Y/XjFsKkPrGwFpHAzpugodJUrB/miS+o9WaLdMpk/oua L3TKBBl+yKCymFkieDGfYw== 0000918545-10-000014.txt : 20101019 0000918545-10-000014.hdr.sgml : 20101019 20101019084914 ACCESSION NUMBER: 0000918545-10-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101013 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101019 DATE AS OF CHANGE: 20101019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BALTIC INTERNATIONAL USA INC CENTRAL INDEX KEY: 0000918545 STANDARD INDUSTRIAL CLASSIFICATION: [9995] IRS NUMBER: 760336843 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26558 FILM NUMBER: 101129215 BUSINESS ADDRESS: STREET 1: 6002 ROGERDALE ROAD STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77072 BUSINESS PHONE: 7139619299 MAIL ADDRESS: STREET 1: 6002 ROGERDALE ROAD STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77072 8-K 1 r8k101910.txt BALTIC 8-K 10-13-10 U. S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): October 13, 2010 BALTIC INTERNATIONAL USA, INC. (Exact name of registrant as specified in its charter) TEXAS 1-12908 76-0336843 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 6002 Rogerdale Road, Suite 500, Houston, Texas 77072 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (713) 961-9299 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events On October 13, 2010, Baltic International USA, Inc.'s subsidiary, Quality Resource Technologies, Inc. ("QRT") filed a registration on Form 10 with the Securities and Exchange Commission to register the shares issued by Baltic in connection with the spin-off of QRT. Baltic's shareholders of record on October 4, 2010 (the "Record Date") will receive about 79% of the 1,500,000 shares of QRT's common stock owned by Baltic. Baltic shareholders will be issued one share of QRT common stock for each 20 shares of Baltic common stock owned on the Record Date, four shares of QRT common stock for each share of Baltic Series A preferred stock owned on the Record Date, and 10,000 shares of QRT common stock for each share of Baltic Series B preferred stock owned on the Record Date. Item 9.01 Financial Statements and Exhibits (c) Exhibits 99.1 News Release dated October 13, 2010 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BALTIC INTERNATIONAL USA, INC. By: /s/ David A. Grossman DAVID A. GROSSMAN Chief Executive Officer and Chief Financial Officer Dated: October 13, 2010 EX-99 2 prqrt2.txt BALTIC PRESS RELEASE Baltic International USA, Inc. 6002 Rogerdale Road, Suite 500, Houston, Texas 77072 NEWS RELEASE Contact: Baltic International USA, Inc. David A. Grossman, Chief Executive Officer and Chief Financial Officer Telephone: (713) 961-9299 Facsimile: (713) 482-0099 Email: dgrossman@baltic-intl.com FOR IMMEDIATE RELEASE Baltic Announces Registration Filed for Spin-Off of Subsidiary to Form New Public Company HOUSTON, Texas, October 13, 2010 -- Baltic International USA, Inc. (Pink Sheets: BISA) announced today that its subsidiary, Quality Resource Technologies, Inc. ("QRT") filed a registration on Form 10 with the Securities and Exchange Commission to register the shares issued by Baltic in connection with the spin-off of QRT. Baltic's shareholders of record on October 4, 2010 (the "Record Date") will receive about 79% of the 1,500,000 shares of QRT's common stock owned by Baltic. Baltic shareholders will be issued one share of QRT common stock for each 20 shares of Baltic common stock owned on the Record Date, four shares of QRT common stock for each share of Baltic Series A preferred stock owned on the Record Date, and 10,000 shares of QRT common stock for each share of Baltic Series B preferred stock owned on the Record Date. The Company's transfer agent, Pacific Stock Transfer Co., of Las Vegas, Nevada, has informed the Company that it expects that the QRT shares will be distributed to Baltic's shareholders in October 2010. Once the registration statement is declared effective by the Securities and Exchange Commission, Baltic's shareholders will have registered, free- trading shares. QRT will then be a separate publicly-traded company. See the QRT registration statement at http://sec.gov/Archives/edgar/data/1502943/000143209310000696/0001432093- 10-000696-index.htm and the information statement for Baltic's shareholders at http://www.baltic-intl.com/InfoStmt.pdf. About Baltic International USA, Inc. Baltic International USA, Inc. (www.baltic-intl.com) is a Texas corporation that has provided capital, management, and technical services to start-up and established private companies. In most instances, we are directly involved in management and in all instances assist in allocation of capital either directly from us or through the investment of third parties. This document may contain forward-looking information. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included herein will prove to be accurate. -----END PRIVACY-ENHANCED MESSAGE-----