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): December 21, 1999 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.) 5151 San Felipe, Suite 1661, Houston, Texas 77056 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (713) 961-9299 2 Item 5 Other Events On December 28, 1999, the Registrant issued a press release announcing it signed of a Letter of Intent to execute a Share Purchase Agreement for the purchase of Advanced Reclamation Company, L.L.C. ("ARC") from the Nicol Family Partnership. Under the agreement, Baltic will purchase all of the shares of ARC for cash of $400,000, a total of 500,000 Baltic common shares, a note payable to seller of an additional $400,000 and an earnout agreement. The parties expect to close the transaction in January 2000. The press release is attached hereto as Exhibit 99.1. Item 7 Financial Statements and Exhibits (c) Exhibits 99.1 News Release dated December 28, 1999 3 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, President and Chief Financial Officer Dated: December 28, 1999 4 EXHIBITS Exhibit No. 99.1 News Release dated December 28, 1999