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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001169232-03-007236.txt : 20031231
<SEC-HEADER>0001169232-03-007236.hdr.sgml : 20031231
<ACCEPTANCE-DATETIME>20031231103233
ACCESSION NUMBER:		0001169232-03-007236
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20031230
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20031231

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CTI INDUSTRIES CORP
		CENTRAL INDEX KEY:			0001042187
		STANDARD INDUSTRIAL CLASSIFICATION:	FABRICATED RUBBER PRODUCTS, NEC [3060]
		IRS NUMBER:				362848943
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23115
		FILM NUMBER:		031079373

	BUSINESS ADDRESS:	
		STREET 1:		22160 N PEPPER RD
		CITY:			BARRINGTON
		STATE:			IL
		ZIP:			60010

	MAIL ADDRESS:	
		STREET 1:		22160 N PEPPER RD
		CITY:			BARRINGTON
		STATE:			IL
		ZIP:			60010
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d57834_8-k.txt
<DESCRIPTION>FORM 8-K
<TEXT>

                     U.S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                         -------------------------------

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of Earliest Event Reported): December 30, 2003

                           CTI INDUSTRIES CORPORATION
                           --------------------------
             (Exact Name of Registrant as Specified in its Charter)

       Illinois                      0-23115                      36-2848943
   (State or Other           (Commission File Number)           (IRS Employer
     Jurisdiction                                            Identification No.)
    Incorporation)

   22160 North Pepper Road, Barrington, Illinois                     60010
      (Address of Principal Executive Offices)                     (Zip Code)

                                (847) - 382-1000
              (Registrant's Telephone Number, including Area Code)

<PAGE>

Item 5 Other Events

On December 30, 2003, CTI Industries Corporation (the "Registrant") announced
that it completed a senior loan facility with Cole Taylor Bank of Chicago,
Illinois. Under an agreement concluded on December 30, 2003, Cole Taylor has
agreed to provide to the Registrant term and revolving loans in the aggregate
maximum amount of $11 million, secured by equipment, inventory, receivables and
other assets of the Registrant. The line includes a term loan of $3.5 million
based on the appraised value of equipment of the Registrant and a revolving line
of credit, up to a maximum amount of $7.5 million, based on advances of up to
85% of eligible receivables and up to 50% of the value of the Registrant's
inventory. The term of the facility is for a period of two years and then is
automatically extended on a year to year basis unless terminated by either party
at the expiration of the initial or any extended term.


                                       2
<PAGE>

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                 CTI Industries Corporation.
                                                 (Registrant)


Date: December 30, 2003                          By: /s/ Howard W. Schwan
                                                     ---------------------------
                                                     Howard W. Schwan, President


                                       3
<PAGE>

                                  EXHIBIT INDEX

Sequential          Exhibit
Page Number         Number            Document
- ----------------------------------------------

5                   99.1              Release dated December 30, 2003 -"CTI
                                      Industries Corporation Completes
                                      Financing"


                                       4

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d57834_ex99-1.txt
<DESCRIPTION>RELEASE DATED DECEMBER 30, 2003
<TEXT>

                                  Exhibit 99.1

NEWS RELEASE

                                                           For Immediate Release

For Further Information Contact:

       Stephen M. Merrick                              Timothy Dilsaver
       Executive Vice President                        Investor Relations
       (847) 382-1000                                  (847) 382-1000

                 CTI INDUSTRIES CORPORATION COMPLETES FINANCING

BARRINGTON, ILLINOIS, December 30, 2003 -- CTI Industries Corporation (NASDAQ
Small Cap-CTIB), an international manufacturer and marketer of foil and latex
balloons and specialty, laminated and printed films, today announced that it has
completed a senior loan facility with Cole Taylor Bank, Chicago, Illinois. Under
an agreement concluded on December 30, 2003, Cole Taylor has agreed to provide
to the Company term and revolving loans in the aggregate maximum amount of $11
million, secured by equipment, inventory, receivables and other assets of the
Company. The line includes a term loan of $3.5 million based on the appraised
value of equipment of the Company and a revolving line of credit, up to a
maximum amount of $7.5 million, based on advances of up to 85% of eligible
receivables and up to 50% of the value of the Company's inventory. The term of
the facility is for a period of two years and then is automatically extended on
a year to year basis unless terminated by either party at the expiration of the
initial or any extended term.

Approximately $6,960,000 in proceeds from these loans has been utilized to pay
off outstanding loans due to the Company's prior senior lender.

Stephen M. Merrick, Executive Vice President and Chief Financial Officer of the
Company, said, "We are very pleased to begin our relationship with Cole Taylor
Bank. This financing will provide liquidity and significant new financial
resources to support our operations over the next several years. We look forward
to a long and rewarding relationship with Cole Taylor."

CTI Industries Corporation, based in suburban Chicago, manufactures and
distributes foil balloons and latex balloons throughout the United States and in
over 30 other countries, and manufactures printed, specialty and laminated films
for packaging, consumer and commercial uses. CTI's common stock is traded on the
NASDAQ Small Cap Market under the symbol CTIB.


                                       5
<PAGE>

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 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 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. CTI
Industries Corporation, based in suburban Chicago, manufactures and distributes
foil balloons and latex balloons throughout the United States and in over 30
other countries, and manufactures printed, specialty and laminated films for
packaging, consumer and commercial uses. CTI's common stock is traded on the
NASDAQ Small Cap Market under the symbol CTIB.


                                       6

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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