LAKE BARRINGTON, IL--(Marketwired - Dec 15, 2014) - CTI Industries Corporation (NASDAQ: CTIB) announces that it has reached agreement with Food Lion stores to supply the requirements of Food Lion stores for certain foil and latex balloon products and helium for the period from January 1, 2015 through December 31, 2016.
Food Lion, LLC, operates over 1,100 grocery stores in 10 Middle Atlantic and Southeastern states in the U.S.
Through a distributor, CTI has been a supplier of foil and latex balloon products to Food Lion stores for several years. This agreement will replace and expand that relationship, to include substantially all of the foil balloons sold at Food Lion stores as well as latex balloons and helium.
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 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.
