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BALTEK REPORTS 1994 RESULTS, WITH RECORD REVENUES FOR LATEST YEAR.


NORTHVALE, N.J.--(BUSINESS WIRE)--March 13, 1995--BALTEK CORPORATION (NASDAQ/NMS:BTEK) today announced results for the fourth quarter and year ended Dec. 31, 1994.

In making the announcement, the company noted that revenues for 1994 were a record for any year in the company's history. -0-
                         STATEMENT OF OPERATIONS


                 For the Year Ended        For the Quarter Ended
                      Dec. 31,                   Dec. 31,
                1994           1993        1994             1993


Revenues      $40,130,000    $32,370,000   $11,418,000   $ 8,489,000


Net income    $ 1,212,000    $   113,000   $   633,000   $   185,000


Net income
 per share          $0.48          $0.04         $0.25         $0.07


Shares
 outstanding    2,523,261      2,523,261     2,523,261     2,523,261






CONTACT: Baltek Corporation

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Publication:Business Wire
Date:Mar 13, 1995
Words:134
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