SOURCE: CTI Industries Corporation

CTI Industries Corporation

August 15, 2016 13:06 ET

CTI Industries Corporation Receives Purchase Orders for 167,000 Vacuum Sealing Machines -- Order Value of $7.85 Million

LAKE BARRINGTON, IL--(Marketwired - Aug 15, 2016) - CTI Industries Corporation (NASDAQ: CTIB), a manufacturer and marketer of vacuum sealing systems, foil balloons, latex balloons, printed and laminated films, and home organization products, is pleased to announce that the Company has received purchase orders for 167,000 Branded Vacuum Sealing Machines, and associated film items, for delivery in the Fourth Quarter, 2016. The total purchase price value of the order is $7.85 million.

Stephen Merrick, President of the Company, stated: "We are pleased to receive this large order for our vacuum sealing product line. We believe this order confirms that we have achieved standing in the market as one of the principal market participants. Together with other anticipated sales of vacuum sealing products this year, we expect to achieve a substantial increase in our total sales of vacuum sealing products this year."

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, produces laminated and printed films for commercial uses and markets home organizing products. 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. 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.