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Thursday, 01/18/2007 10:31:06 PM

Thursday, January 18, 2007 10:31:06 PM

Post# of 105600
INVESTOR RELATIONS CHAT

I decided to call Investor Relations to see what was going on. I called last wednesday, no answer, I left a message but no one ever called me back. A little miffed, I called IR again, on friday Jan. 12 about 2:30 NY time.

The only number I had was for Public Relations, Bob Strom at (818) 216-1103. Mr. Strom answered right away, was cordial, but said he was busy in a conference. He gave me another number that was directly to the President and CEO: Igor Dmitrowsky. Mr. Dmitrowsky answered right away, said hello, then transferred me to Investor Relations, Barry Clare.

Mr Clare was quite pleasant and optimistic, as you might imagine he would be. We talked for about 8 minutes or so. He was very optimistic about the current status of Baltia Airlines. He pretty much said everything was in place, they were just waiting to finalize the necessary financing. It all depends on financing. I said that i heard that they obtained financing, his response was, "Talks the last couple weeks have been going very good". Then, he offered that there is no sense in issuing a PR right now. No news will be issued until there is some news to announce. (I really liked that comment, seen enough pump and dumps). When/IF they get financing they will need to get final Certification from FAA and DOT (within 90 days). He basically just assured me that Baltia was moving forward and they are working hard on it every day.

I apologize for not having a good list of questions for IR. I could have gotten better info. I did ask if they received financing, of course he could not say yes right now, even if they did. When i called my main concern was are they still moving forward or would I get a disconnected phone number. I can assure you that Bob Strom: Public Relations, Barry Clare: Investor Relations, and Igor Dmitrowsky: President and CEO were at that office, working on advancing Baltia Airlines.

Do your own Due Diligence.

Disclosure: Yes, I have a small position in BLTA.

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