SOURCE: CTI Industries Corporation

CTI Industries Corporation

June 23, 2014 13:25 ET

CTI Industries Corporation's United Kingdom Subsidiary Wins Supplier of the Year Award

LAKE BARRINGTON, IL--(Marketwired - Jun 23, 2014) -  CTI Industries Corporation (NASDAQ: CTIB), a manufacturer and marketer of vacuum sealing systems, foil balloons, latex balloons, printed and laminated films, is pleased to announce that its United Kingdom subsidiary, CTI Balloons, Ltd., has been awarded the Inbound League Champions Trophy 2013 by Asda. A subsidiary of Walmart, Asda is the UK's second largest chain by market share.

With this award, Asda recognized CTI UK's "lean" and "agile" performance by achieving a 99.7% effectiveness grade in the Celebration Division for 2013 for the sale, delivery and support of foil balloons. This top standing was achieved by high marks in all twelve of the performance metrics used by Asda including Inbound Performance and Relationship Management. Asda expects from its suppliers no inventory shortages, on time delivery and a 2 day order lead time for deliveries direct into the Asda Distribution Centres via the supply chain.

CTI Industries 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.

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.