SOURCE: CTI Industries Corporation

CTI Industries Corporation

July 08, 2011 08:00 ET

CTI Industries Corporation Declares Dividend

LAKE BARRINGTON, IL--(Marketwire - Jul 8, 2011) - CTI Industries Corporation (NASDAQ: CTIB), a manufacturer and marketer of flexible packaging and storage products, laminated films and novelty balloons, today announced that the Board of Directors has declared a dividend of Five Cents ($0.05) per share. The record date for determining shareholders entitled to receive the dividend is July 18, 2011. The dividend will be paid on or about July 28, 2011.

The declaration of future dividends will be determined by the Board of Directors from time to time taking into account the results of operation, financial condition and financial commitments of the Company as well as such other factors as the Board deems appropriate. The timing and amount of any future dividends will be determined by the Board of Directors, in their sole discretion, from time to time.

Statements made in this release that are not historical facts are "forward-looking" statements (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties and are subject to change at any time. These "forward-looking" statements may include, but are not limited to, statements containing words such as "may," "should," "could," "would," "expect," "plan," "goal," "anticipate," "believe," "estimate," "predict," "potential," "continue," or similar expressions. Factors that could cause results to differ are identified in the public filings of the Company with the Securities and Exchange Commission. More information on factors that could affect CTI's business and financial results are included in its public filings made with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.