8-K

                     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): October 13, 2000


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



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



      2216 North Pepper Road, Barrington, Illinois                     60010
      --------------------------------------------                     -----
         (Address of Principal Executive Offices)                   (Zip Code)

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






Item 8.           Change in Fiscal Year.
- -------           ---------------------

On October 13, 2000, the Board of Directors of CTI Industries Corporation ("the
Company") elected to change its fiscal year end from October 31 to December 31.
A transition report on Form 10-Q covering the transition period from November 1,
1999 through December 31, 1999 will be filed on or before November 27, 2000.








                                   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:   October 27, 2000                By:      /s/ Howard W. Schwan
                                                 ------------------------------
                                                 Howard W. Schwan, President







                                  EXHIBIT INDEX

Sequential         Exhibit
Page Number        Number       Document

5                  99.1         Press Release; CTI Industries Announces Fiscal
                                Year End Change

EX-99.1

                                  Exhibit 99.1

NEWS RELEASE

FOR FURTHER INFORMATION CONTACT:

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


                 CTI Industries Announces Fiscal Year End Change


FOR IMMEDIATE RELEASE
Friday, October 27, 2000

BARRINGTON, IL, October 27, 2000 -- CTI Industries Corporation (NASDAQ Small Cap
- - CTIB), a manufacturer and marketer of mylar balloons, latex balloons, novelty
items and printed and laminated films, today announced that it is changing its
fiscal year end from October 31 to December 31. The first annual period to be
reported on the new fiscal year end will be the twelve months ended December 31,
2000.

"The fiscal year change enables the Company to place the parent and all
subsidiaries on the same fiscal year end, facilitating internal and external
reporting requirements", said Stephen M. Merrick, Executive Vice President and
Chief Financial Officer. "In addition, the annual audit will take place in a
more suitable time period, after the busy holiday season."

CTI Industries is one of the leading manufacturers and marketers of mylar
balloons and, through its majority-owned subsidiary CTI Mexico, S.A. de C.V.,
manufactures latex balloons. CTI markets latex balloons and novelty items, and
produces laminated and printed films for commercial uses. CTI markets its
products throughout the United States and in 30 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 filings with the Securities and Exchange Commission on Form 10-KSB
and 10-QSB.