UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

(Check One):[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form N-SAR

For Period Ended: December 31, 2002
[ ] Transition Report on Form 10-K                  SEC FILE NUMBER
[ ] Transition Report on Form 20-F                     000-23115
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q                   CUSIP NUMBER
[ ] Transition Report on Form N-SAR                    125961300
For the Transition Period Ended:

  Read Instruction (on back page) Before Preparing Form. Please Print or Type.
    Nothing in this form shall be construed to imply that the Commission has
                   verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION

                           CTI INDUSTRIES CORPORATION
                             Full Name of Registrant


                            Former Name if Applicable


                             22160 North Pepper Road
            Address of Principal Executive Office (Street and Number)


                              Barrington, IL 60010
                            City, State and Zip Code




PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

               (a)    The reasons described in reasonable detail in
                      Part III of this form could not be eliminated
                      without unreasonable effort or expense;
               (b)    The subject annual report, semi-annual
                      report, transition report on Form 10-K, Form
                      20-F, I I-K, Form N-SAR, or portion thereof,
                      will be filed on or before the fifteenth
          [X]         calendar day following the prescribed due date;
                      or the subject quarterly report of transition
                      report on Form 10-Q, or portion thereof will be
                      filed on or before the fifth calendar day
                      following the prescribed due date; and
               (c)    The accountant's statement or other exhibit
                      required by Rule 12b-25(c) has been attached
                      if applicable.

PART III - NARRATIVE

State below in  reasonable  detail the reasons  why the Form 10-K,  11-K,  10-Q,
N-SAR, or the transition  report or portion  thereof,  could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)

In order for the Company to complete the preparation of financial information
for its fiscal year ended December 31, 2002, the Company requires additional
time to file its Form 10-KSB for such fiscal year.

PART IV--OTHER INFORMATION

(1)      Name and telephone number of person to contact in regard to this
         notification

         SCOTT P. SLYKAS                    312                    294-6044
             (Name)                     (Area Code)           (Telephone Number)

(2)      Have all other periodic reports required under Section 13 or 15(d) of
         the Securities Exchange Act of 1934 or Section 30 of the Investment



         Company Act of 1940 during the preceding 12 months (or for such
         shorter) period that the registrant was required to file such reports)
         been filed? If answer is no, identify report(s).
                                 [X] Yes [ ] No

(3)      Is it anticipated that any significant change in results of operations
         from the corresponding period for the last fiscal year will be
         reflected by the earnings statements to be included in the subject
         report or portion thereof?
                                 [X] Yes [ ] No

         If so, attach an explanation of the anticipated change, both
         narratively and quantitatively, and, if appropriate, state the reasons
         why a reasonable estimate of the results cannot be made.

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

has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.

Date: April 1, 2003                                   By  /s/ Howard W. Schwan
                                                     ---------------------------
                                                     Howard W. Schwan, President

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

                                    ATTENTION
   Intentional misstatements or omissions of fact constitute Federal Criminal
                        Violations (See 18 U.S.C. 1001).





The Company expects to report net sales of approximately $41,000,000 for the
fiscal year ended December 31, 2002, as compared to net sales of $27,000,000 for
the year ended December 31, 2001. The Company expects to report net income for
the fiscal year ended December 31, 2002, as compared to a net loss of ($232,000)
for the year ended December 31, 2001. However, review of the Company's accounts
and results for 2002 continues and, for that reason, it is not possible to make
a reasonable estimate of the amount of such net income at this time.