LAKE BARRINGTON, IL--(Marketwired - Dec 22, 2014) - CTI Industries Corporation (NASDAQ: CTIB), announces that it has reached agreement with S. C. Johnson to extend the Trademark License Agreement among S. C. Johnson and CTI under which S. C. Johnson has granted to CTI a license for the Ziploc® brand to produce and sell countertop powered vacuum sealing kitchen appliances and associated non-zippered plastic food storage vacuum bags and canisters. The Trademark License Agreement has been extended for a term commencing on January 1, 2015 and extending to December 31, 2017.
About CTI: CTI Industries Corporation develops, produces and markets vacuum sealing systems for household use, is one of the leading manufacturers and marketers of foil and latex balloons 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.
