SOURCE: CTI Industries Corporation

CTI Industries Corporation

March 03, 2011 09:30 ET

CTI Industries Corporation Completes Installation of Latex Balloon Production Capacity

BARRINGTON, IL--(Marketwire - March 3, 2011) - CTI Industries Corporation (NASDAQ: CTIB), a manufacturer and marketer of packaging and storage bags and pouches, metalized balloons, latex balloons, novelty items and printed and laminated films, today announced that it has completed construction and installation of new latex balloon production equipment at its plant in Guadalajara, Mexico and has commenced production utilizing the new equipment. CTI's subsidiary Flexo International, S.A. de C.V. produces latex balloons at the plant in Guadalajara.

Howard Schwan, President of CTI, stated: "With the completion of this installation, we have significantly increased our production capacity for latex balloons enabling us to respond more effectively to demand in our markets in the U.S., Mexico, Latin America and Europe. We believe this new production equipment will expand our latex balloon capacity by approximately 70% over 2010 levels."

CTI Industries is one of the leading manufacturers and marketers of metalized and latex balloons, develops, produces and markets bags and pouches for 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.