SOURCE: CTI Industries Corporation

CTI Industries Corporation

June 08, 2015 11:29 ET

CTI Industries Corporation Announces Supply and Distribution Relationship With Creative Converting

LAKE BARRINGTON, IL--(Marketwired - Jun 8, 2015) - CTI Industries Corporation (NASDAQ: CTIB), a manufacturer and marketer of vacuum sealing systems, foil balloons, latex balloons, printed and laminated films, today announced the establishment of supply and distribution relationships with Creative Converting, the Consumer Division of Hoffmaster Group, Inc., a leading designer, manufacturer and distributor of disposable tableware and party supplies.

Flexo Universal, S.A. de C.V., the wholly-owned subsidiary of CTI in Mexico, has become a distributor of Creative Converting products throughout Mexico.

CTI has commenced the supply to Creative Converting of foil balloons for distribution by Creative Converting in the United States.

Creative Party, Ltd., a distributor of Creative Converting in the United Kingdom and France, has become a distributor for CTI's foil balloon products in those markets.

John Schwan, Chief Executive Officer of CTI, stated that "We are excited about this developing association with Creative Converting, and believe it will enhance the ability of CTI and Creative Converting to market and sell both balloon products and party goods products in certain of our markets." 

About CTI: CTI Industries Corporation is one of the leading manufacturers and marketers of foil and latex balloons, develops, produces and markets vacuum sealing systems for household use and produces laminated and printed films for commercial uses. CTI markets its products throughout the United States and in a number of other countries.

About Creative Converting: Creative Converting is the Consumer Division of Hoffmaster Group, Inc., a leading designer, manufacturer and distributor of disposable tableware and party supplies in the United States, Canada, Latin America and Europe. Creative Converting is a leading source for party retailers, providing one of the largest offerings in the industry with recognized brand names such as Paper Art, Party Creations, Touch of Color, Celebrations, Sensations and Elise. Creative Converting serves a wide range of distribution channels and has become a key manufacturer for mass market and mass specialty business requiring a custom or private label printing and manufacturing.

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. These forward-looking statements may include, but are not limited to, statement containing works such as "may," "should," "could," "would," "expect," "plan," "goal," "anticipate," "believe," "estimate," "predict," "potential," "continue," or similar expressions. Actual results could differ materially from those projected or implied 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 public filings, with the Securities and Exchange Commission, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10Q.