Baltek Corporation Reports Higher Sales & Earnings For The Third Quarter & Nine Months.

NORTHVALE, N.J.--(BUSINESS WIRE)--November 11, 1997--BALTEK CORPORATION (NASDAQ, NMS: BTEK) today reported sales and earnings for the third quarter and nine months ended September 30, 1997 (tables follow).

Commenting on the results, Jacques Kohn, BALTEK President, stated, "We are pleased by the sales and earnings growth achieved during the third quarter and nine months ended September 30, 1997. While sales for the third quarter increased in excess of 16%, net income climbed by more than 76%. To a large extent, these results reflect increased sales of our entire line of core materials, including foam and balsa. These results also reflect continued increased demand for shrimp. To meet this strong demand, we have increased our production capacity through the acquisition of 444 acres of shrimp farms in Ecuador. Another exciting event which occurred during the third quarter was the announcement by General Motors' Corvette division of the utilization of Baltek's core materials in the manufacture of its new C5 Corvette model."

Mr. Kohn concluded, "Our balance sheet remains strong with stockholder's equity in excess of $11.75 per share, well above the current market price of our stock."

BALTEK CORPORATION is a world class manufacturer and distributor of balsa wood products and other structural core materials, including PVC Foam and non-woven mat products. Baltek also produces farm-raised shrimp.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995; Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices, and other factors discussed in the Company's various filings with the Securities and Exchange Commission. -0-

               BALTEK CORPORATION AND SUBSIDIARIES
             Unaudited Statement of Consolidated Income

                       For the three month period Ended September 30,

                                     1997                 1996

Net sales                          $14,048,124         $12,146,294

Net income                         $   492,141         $   279,909

Net income per
 common share                      $      0.19         $      0.11

Average shares outstanding           2,523,261           2,523,261

                       For the Nine Month Period Ended September 30,

                                     1997                 1996

Net sales                          $41,707,847         $35,771,063

Net income                         $ 1,068,643         $   243,435

Net income per
 common share                      $      0.42         $      0.10

Average shares outstanding           2,523,261           2,523,261

CONTACTS: RONALD TASSELLO - BALTEK CORPORATION

[phone]

or

DONALD C. WEINBERGER - STRATEGIC GROWTH INT'L, INC.

[phone]