SOURCE: CTI Industries Corporation

CTI Industries Corporation

August 06, 2014 06:30 ET

CTI Industries Completes Installation and Lease Financing of Press for Printing of Film Products

LAKE BARRINGTON, IL--(Marketwired - Aug 6, 2014) - CTI Industries Corporation (NASDAQ: CTIB), a manufacturer and marketer of vacuum storage products, foil balloons, latex balloons, novelty items and printed and laminated films, today announced that it has completed the process of acquiring, installing and lease financing a flexo printing press to be utilized for printing film for use with most of our products, including foil balloons, vacuum sealing pouches and flexible film products. The press will increase CTI's production capacity for printed films by approximately 50%, and will enable CTI to increase its production of all of its principal lines of products.

John Schwan, Chief Executive Officer, stated that "The addition of this press will enhance our ability to fulfill the growing needs of our customers for films, balloons and pouches."

CTI Industries is one of the leading manufacturers and marketers of foil and latex balloons, develops, produces and markets bags and pouches for vacuum storage and packaging applications and produces laminated and printed films for commercial uses. CTI markets its products throughout the United States and in a number of other countries.

This press release may contain forward-looking statements within the meaning of Section 17A of the Securities Act and Section 21E of the Securities Exchange Act. Actual results could differ materially from those projected in the forward-looking statements, which involve a number of risks and uncertainties, including (i) the risks of generating and maintaining sales in a highly competitive market, (ii) the ability of the Company to enter into or maintain contracts or relationships with customers, distributors, licensors and suppliers, (iii) manufacturing risks, as well as other risks and uncertainties reported by the Company in its SEC filings, and such statements should also be considered in conjunction with cautionary statements contained in the Company's most recent filing with the Securities and Exchange Commission on Form 10-K.