CTI Industries Corporation Announces Executive Appointments
LAKE BARRINGTON, IL -- (Marketwired) -- 10/30/13 -- 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.
FOR FURTHER INFORMATION CONTACT:
Stephen M. Merrick
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