Baltic International USA is a shell company with no active operations, revenue, or meaningful assets. Baltic previously provided capital, management, and technical services to start-up and established private companies, primarily in Eastern Europe, but exited most of those interests in 1999 and has been classified as a shell company since March 2003. Baltic's sole stated objective is to identify and acquire a private company seeking a public listing — a common reverse merger structure where a private business combines with a shell to gain public market access without a traditional IPO. Baltic has not restricted its search to any particular industry, geography, or stage of business development. Baltic employs one part-time employee and has no definitive acquisition targets. Baltic plans to fund any acquisition primarily through the issuance of new common stock rather than cash, given its limited cash resources, which would dilute existing shareholders upon any transaction. If a combination is completed, Baltic's economics would depend entirely on the nature of the acquired business.