Exhibit 99.1

NEWS RELEASE

FOR FURTHER INFORMATION CONTACT:

Stephen M. Merrick	Catherine E. Lawler
Executive Vice President	Investor Relations
(847) 382-1000	(773) 478-0631

CTI Industries Corporation Reports

Second Quarter 2010 Financial Results

FOR IMMEDIATE RELEASE

Wednesday, August 4, 2010

LAKE BARRINGTON, IL, August 4, 2010 -- CTI Industries Corporation (CTIB - NASDAQ Capital Market), a manufacturer and marketer of flexible packaging and storage products, laminated films and novelty balloons, today announced its results of operations for the second quarter of 2010 and for the six month period ended June 30, 2010.

Consolidated net sales for the second quarter of 2010 were $12,964,000 compared to consolidated net sales of $10,779,000 for the second quarter of 2009, an increase of 20.3%.  The Company earned net income of $607,000 or $0.21 per share (basic) and $0.20 per share (diluted) for the second quarter of 2010 compared to net income of $409,000 or $0.15 per share (basic and diluted) for the second quarter of 2009.

For the six month period ended June 30, 2010, consolidated net sales were $25,375,000 compared to $20,382,000 for the same period in 2009, an increase of 24.5%.  For this six month period in 2010, net income was $1,206,000 or $0.43 per share (basic) and $0.42 per share (diluted) compared to net income of $502,000, or $0.18 per share (basic and diluted) for the same period of 2009.

Key Factors and Trends

Net sales of foil balloons increased by 9.0% in the second quarter compared to the same period of 2009, from $5,747,000 to $6,262,000.  Net sales of foil balloons increased by 12.8% from $10,786,000 in the six months ended June 30, 2009 to $12,167,000 for the same period of 2010.

For the second quarter of 2010, net sales of pouch products were up 41.1% from the second quarter of 2009, from $1,577,000 in the second quarter of 2009 to $2,225,000 in the second quarter of 2010.  For the six months ended June 30, 2010, pouch sales were $5,266,000 compared to $2,562,000 for the same period of 2009, an increase of 105.5%.  The increase reflected increased sales to a major customer as well as increases in the Company’s proprietary ZipVac line.

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During the second quarter of 2010, sales of latex balloon products increased by 40.2% to $2,318,000 from sales of $1,653,000 in the second quarter of 2009.  For the six months ended June 30, 2010, sales of latex balloons were $4,145,000 compared to sales of $3,196,000 in the same period of 2009, an increase of 29.7%.

Operating expenses were up modestly in both the second quarter of 2010 and the six months ended June 30, 2010 over the same periods in the prior year.  However, as a percentage of revenues, operating expenses decline from 17.3% of sales in the six months ended June 30, 2009 to 16.0% of sales for the same period in 2010.

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.  Factors that could cause results to differ are identified in the public filings of the Company with the Securities and Exchange Commission.  More 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.

– FINANCIAL HIGHLIGHTS FOLLOW –

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CTI Industries Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

	June 30, 2010		December 31, 2009
Assets	(Unaudited)
Current Assets:
Cash and cash equivalents	$	1,329,417	$	870,446
Accounts receivable, net		8,032,601		7,320,181
Inventories, net		9,419,187		9,643,914
Other current assets		1,309,953		1,313,881
Total current assets		20,091,158		19,148,422
Property, plant and equipment, net		8,992,452		9,533,411
Other assets		1,848,147		1,713,476
Total Assets	$	30,931,757	$	30,395,309
Liabilities & Equity
Total current liabilities	$	16,553,684	$	16,734,520
Long term debt, less current maturities		3,224,536		4,881,568
Stockholders' equity		11,110,339		8,762,663
Noncontrolling interest		43,198		16,558
Total Liabilities & Equity	$	30,931,757	$	30,395,309

Condensed Consolidated Statements of Operations

	Three Months Ended June 30						Six Months Ended June 30
	2010			2009			2010			2009
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
Net sales	$	12,964,203		$	10,778,903		$	25,374,969		$	20,382,324
Cost of sales		10,091,153			8,178,204			19,457,347			15,715,122
Gross profit		2,873,050			2,600,699			5,917,622			4,667,202
Operating expenses		1,983,390			1,925,768			4,067,906			3,530,523
Income from operations.		889,660			674,931			1,849,716			1,136,679
Other (expense) income:
Net Interest expense		(296,395	)		(272,566	)		(540,468	)		(568,117	)
Other		(21,463	)		2,599			(34,687	)		(18,998	)
Income before income taxes and noncontrolling interest		571,802			404,964			1,274,561			549,564
Income tax (benefit) expense		(21,036	)		(4,037	)		95,324			46,121
Net Income		592,838			409,001			1,179,237			503,443
Less: Net (loss) income attributable to noncontrolling interest		(13,929	)		263			(26,373	)		1,497
Net income attributable to CTI Industries Corporation	$	606,767		$	408,738		$	1,205,610		$	501,946
Income applicable to common shares	$	606,767		$	408,738		$	1,205,610		$	501,946
Basic income per common share	$	0.21		$	0.15		$	0.43		$	0.18
Diluted income per common share	$	0.20		$	0.15		$	0.42		$	0.18
Weighted average number of shares and equivalent shares of common stock outstanding:
Basic		2,898,811			2,775,902			2,834,265			2,792,220
Diluted		2,959,952			2,776,797			2,877,102			2,797,256

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