LAKE BARRINGTON, IL--(Marketwired - Aug 4, 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 the newest addition to the balloon product line -- College Licensed Balloons.
By entering into licensing agreements with over thirty NCAA universities, CTI Industries will offer 21" football-shaped and 17" round helium foil balloons to its distributors for the 2014-2015 season. These balloons will feature the team mascot of the selected university and will be available soon for retail purchase in many grocery chains and where balloons are generally sold. The initial geographic focus with be the east, south and mid-west with plans to have coast-to-coast coverage for the 2015-2016 collegiate football and basketball schedules. Orders for the balloons are being taken now and the manufacturing the balloons is underway.
In addition to significantly expanding of CTI Industries' balloon line, Sam Komar, Vice President of Sales notes that "...this also affords us the opportunity to expand and strengthen our distributor network consistent with our long term growth strategy."
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.
