CTI Industries Corporation's United Kingdom Subsidiary Wins Supplier of the
LAKE BARRINGTON, IL -- (Marketwired) -- 06/23/14 -- 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 that its United Kingdom subsidiary, CTI
Balloons, Ltd., has been awarded the Inbound League Champions Trophy
2013 by Asda. A subsidiary of Walmart, Asda is the UK's second
largest chain by market share.
With this award, Asda recognized CTI UK's "lean" and "agile"
performance by achieving a 99.7% effectiveness grade in the
Celebration Division for 2013 for the sale, delivery and support of
foil balloons. This top standing was achieved by high marks in all
twelve of the performance metrics used by Asda including Inbound
Performance and Relationship Management. Asda expects from its
suppliers no inventory shortages, on time delivery and a 2 day order
lead time for deliveries direct into the Asda Distribution Centres
via the supply chain.
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
FOR FURTHER INFORMATION CONTACT:
Stephen M. Merrick
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