Baltic Announces Resignation of Robert Knauss as CEO
HOUSTON, Texas, February 26, 2010 –– Baltic International USA, Inc. (Pinksheets: BISA) announced today that Robert Knauss resigned as Baltic International USA, Inc. 's Chief Executive Officer. Mr. Knauss has served as the Company's Chief Executive Officer from January 1994 to February 26, 2010. Mr. Knauss will remain as the Company's non-executive chairman. David Grossman, the Company's Chief Financial Officer, will now assume the duties as the Company's principal executive officer until such time as the Company retains a new Chief Executive Officer.
About Baltic International USA, Inc.
Baltic International USA, Inc. 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.