CTI Industries Corporation Announces Executive Appointments
LAKE BARRINGTON, IL--(Marketwired - Oct 30, 2013) - CTI Industries Corporation (NASDAQ: CTIB), a manufacturer and marketer of vacuum sealing systems, foil balloons, latex balloons and printed and laminated films, announces the appointment of Timothy S. Patterson as Chief Financial Officer of the Company.
By action of the Board of Directors on October 25, 2013, Mr. Patterson was appointed as Chief Financial Officer of the Company. Mr. Patterson has been employed by the Company for 10 years, as Vice President, and Senior Vice President - Finance and Administration, and for the past three years, has acted as the principal accounting officer of the Company. Mr. Patterson will retain his office and title as Senior Vice President - Finance and Administration.
The Company also announced that Robin Porter has been named Sales Manager. Ms. Porter has held positions with increasing responsibility for the 9 years she has been in the balloon industry.
CTI Industries is one of the leading manufacturers and marketers of foil and latex balloons, develops, produces and markets vacuum storage systems 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.
