Baltic International to acquire LynkTel

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Houston--Baltic International USA Inc. said it has signed a letter of intent to acquire LynkTel Inc., a Houston-based telecommunications and advertising company. LynkTel's technology, which combines voice, data and video, will be used to target vertical markets such as grocery stores and colleges. Terms of the deal, a straight stock swap, were undisclosed. Baltic is an investment and management company with holdings in Pembrooke Calox Inc., American Distributing Co. and Advanced Reclamation Co.
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