The following excerpt is from the company's SEC filing.
Appointment of Chief Financial Officer
FOR IMMEDIATE RELEASE
Monday, November 20, 2017
LAKE BARRINGTON, IL, November 20, 2017 -- CTI Industries Corporation
(CTIB - NASDAQ Capital Market), today announced that Frank J. Cesario has been appointed and has joined the Company as Chief Financial
Mr. Cesario is a seasoned financial executive with 26 years
of experience as a chief financial officer, controller and financial and accounting manager. Most recently, Mr. Cesario served
as Chief Financial Officer of Nanophase Technologies Corporation, a publicly trade d manufacturer of engineered nanotechnology products
from 2009 through October 2017. He has served in senior financial positions for Turf Ventures, Isco International, Outokumpu Copper,
Inc. and Material Sciences Corporation.
Mr. Cesario has a B.S. Degree in accounting, Summa Cum Laude,
from the University of Illinois – Urbana/Champaign and an MBA in finance, with distinction, from DePaul University. He is
a registered Certified Public Accountant.
Stephen Merrick, President of CTI, stated that: “We are
extremely pleased and fortunate to have someone with the experience and credentials that Frank Cesario brings to strengthen our
CTI Industries Corporation, headquartered in Lake Barrington,
Illinois, designs, develops, produces, markets and sells lines of foil balloons, vacuum sealing machines, pouches and related items
for the storage of food and other household items, latex balloons, home containers and organizing products and commercial film
products. CTI markets its products throughout the United States, Canada, Mexico, the United Kingdom and Europe and in Latin America.
Statements made in this release that are not historical facts
are “forward-looking” statement (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks
and uncertainties and are subject to change at any time. These “forward-looking” statements may include, but are not
limited to, statements containing words such as “may,” “should,” “could,” “would,”
“expect,” “plan,” “goal,” “anticipate,” “believe,” “estimate,”
“predict,” “potential,” “continue,” or similar expressions. Information on factors that could
affect CTI’s business and financial results are included in its public filings made with the Securities and Exchange Commission,
including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Stan Brown, 847-620-1330
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever CTI Industries Corporation makes a similar move, sign up!