Illinois-based packaging, storage bags maker CTI Industries enters trademark license agreement with SC Johnson to manufacture, sell line of vacuum sealing machines, pouches under Ziploc brand
LAKE BARRINGTON, Illinois
December 15, 2011
– CTI Industries Corporation (NASDAQ: CTIB), a manufacturer and marketer of packaging and storage bags and pouches, metalized balloons, latex balloons, novelty items and printed and laminated films, today announced that it has entered into a Trademark License Agreement with S.C. Johnson & Son, Inc. ("SC Johnson") under which CTI will be licensed to manufacture and sell a line of vacuum sealing machines and pouches under the Ziploc® brand and trademark.
The licensed product line will include vacuum sealing machines manufactured for CTI and pouches manufactured by CTI for use in the home to vacuum seal food items.
CTI Industries is one of the leading manufacturers and marketers of metalized and latex balloons, develops, produces and markets bags and pouches for storage and packaging applications 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.