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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (30888)	9/29/2007 8:24:45 AM
From: creede	Read Replies (1) \| Respond to of 37387

Crossy, I am a newbie here, and after seeing the iBox I see you guys don't like nonreporting pinks. Well, this one is different. This is a fully reporting pink, and they have just announced a letter of intent to acquire and spin-out MillerPlating. They just posted 21 filings all at once that have them caught up to present. See what you think. ~> BISA o/s 10.9MM x .12 = $1,308,000 nano Very interesting play, imo. Via an 8k on Tuesday we learn they have signed a letter of intent to acquire MillerPlating (~10MM annual revenues and ~100 employees) before end of year. SS has not changed much in over a decade, and the deal has not even been PRed yet, so the pump is absent. I spoke to the CFO thursday, and found out the details. This is one of those that if the deal closes then it should run hard, but if not they it could collapse. Conversation with CFO - siliconinvestor.com Baltic Announces Letter of Intent to Acquire Metal Plating and Finishing Company HOUSTON, Texas, September 24, 2007 -- Baltic International USA, Inc. (BISA) announced today that the company has signed a letter of intent for its subsidiary, B-L Merger Sub, Inc. to acquire all of the stock of Miller Plating and Metal Finishing LLC ("Miller") in exchange for common stock of B-L Merger Sub. Miller specializes in plating metals such as magnesium, aluminum, zinc, copper, powdered metals, steel and various other substrates. This transaction is subject to the combined company obtaining financing agreeable to both Baltic and Miller and shareholder approval for both companies. Baltic's chairman and CEO, Robert Knauss, stated, "Miller has been in business for over 90 years and has good potential for significant growth. We expect to complete this transaction by the end of this year through a reverse merger with our subsidiary. Our plan is to change our subsidiary's name to Miller and to spin-off a significant part of our interest in the subsidiary to our shareholders. We believe that this transaction with Miller will increase our shareholder value." Miller's CEO, Russell L Scalfano, stated, "Our management team is excited about becoming a public company and having access to the potential financing opportunities that will enable Miller to reach its goals. Miller was formed to provide state-of-the-art plating and metal finishing. We are always trying to develop new plating and finishing processes for the future." Miller has its principal offices in Evansville, Indiana. Miller has achieved ISO 9001:2000 certification to become one of a few plating shops in the United States to have this certification. Miller continues to service the needs of Ford, Chrysler and General Motors, as well as customers who supply after-market parts. Miller's homepage is www.millerplating.com. Baltic is currently a public shell company and is reviewing various opportunities to increase shareholder value. 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. GodBless-ND creede