UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check One): Form 10-K Form 20-F Form 1l-K Form 10-Q Form N-SAR

For Period Ended: March 31, 2005

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

 

 

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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 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 and review of financial and narrative information for its fiscal quarter ended March 31, 2005, the Company requires additional time to file its Form 10-Q for such fiscal quarter.

PART IV - OTHER INFORMATION

(1)

Name and telephone number of person to contact in regard to this notification
             
  SCOTT P. SLYKAS
     312
     284-1520
  
 
 
 
 
  (Name)    (Area Code)   (Telephone Number)  

 

 

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(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).
  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?
  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: May 17, 2005

 

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).

 

 

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The Company expects to report net sales of approximately $9,103,000 for the fiscal quarter ended March 31, 2005, as compared to net sales of $10,874,000 for the quarter ended March 31, 2004. The Company expects to report income before taxes and minority interest of approximately $80,000 for the fiscal quarter ended March 31, 2005, as compared to net income before taxes and minority interest of $607,000 for the quarter ended March 31, 2004. Net income after provision for taxes and minority interest for the quarter ended March 31, 2005 is expected to be approximately $84,000, as compared to net income of $372,000 for the quarter ended March 31, 2004.

 

 

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