Yunhong Cti Ltd. Announces Significant Year-over-Year Sales Growth with Key Retailers on Valentine’s Day 2022


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Yunhong Cti Ltd. Announces Significant Year-over-Year Sales Growth with Key Retailers on Valentine’s Day 2022

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The company expects the momentum of the holidays ahead

Lake Barrington, Illinois / ACCESSWIRE / February 18, 2022 /(NASDAQ: CTIB) (“CTI” or the “Company”), a leading manufacturer of custom film products, foil and novelty balloons, and flexible packaging products, reported a strong 2022 Valentine’s Day sales figures, including retailers.

The company’s Candy Blossom gifts (usually ribboned candies and gift-giving balloons) averaged 96 percent sell-through this year, compared with 93 percent last year. Feedback included many stores running out of stock by the end of the day on February 14th. In addition, sales of stick balloons are also strong, with a sales rate of 84% this year compared to 79% last year.

“Our strong sales last year helped us increase orders by 27 percent this year,” said Jana M. Schwan, chief operating officer of Yunhong Huaqi. “Then, this year’s performance exceeded those numbers, which is very satisfying for our organization, especially It was our creative department in terms of producing very desirable designs. And I would be remiss not to mention that our operations team managed to solve the material availability and logistical issues that businesses are forced to deal with today.”

“It’s a strong business that we have united,” said Frank Cesario, chief executive of Yunhong Huaqi. “With the business restructuring largely complete, coupled with our previously announced new credit facility, we are better able to focus on our core business and pursue growth opportunities.”

The company’s preliminary sales figures included here are based on customer reports. Accordingly, preliminary sales figures contained herein are subject to change. The preliminary sales figures provided in this press release have been prepared by and for the responsibility of our management. Preliminary sales figures have not been prepared or reviewed by our independent auditors, and our independent auditors have not performed any procedures on these data or express any opinion or warranty of any kind with respect to such data. In addition, preliminary sales figures are not necessarily indicative of results to be achieved for the period ended March 31, 2022 or for any future period. Please see “Cautionary Statement Regarding Forward-Looking Statements – Safe Harbor.”

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About Yunhong Huatian Co., Ltd.

Yunhong Huace is one of the leading manufacturers and marketers of aluminum foil balloons, producing laminated and printed films for commercial use. Yunhong CTI also distributes Candy Blossoms and other gifts, and sells its products in the United States and several other countries. For more information about our business, please visit our corporate website www.ctiindustries.com.

Cautionary Statement Regarding Forward-Looking Statements – Safe Harbor Statements in this press release that are not historical facts are “forward-looking” statements (within the meaning of Section 21E of the Securities Exchange Act of 1934) 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 the words “may,” “should,” “could,” “will,” “anticipate,” “plan,” “target” and other words. Expect, “believe,” “estimate,” “predict,” “potential,” “continue,” or similar expressions. We base these forward-looking statements on our current expectations and projections of future results. Although we believe that our views and expectations reflected in forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements, and our actual results may differ materially from those expressed herein. Any failure to achieve or exceed goals or projections will negatively affect our financial condition. For more information about the factors that could affect Yunhong Huaqi’s business and financial results, please refer to its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Company contacts:

info@ctiindustries.com
+ 1847-382-1000

Investor Relations Contact:
TraDigital Infrared
Kevin McGrath
+1-646-418-7002
kevin@tradigitalir.com

source: Yunhong Huatian Co., Ltd.

View the source code version at accesswire.com:
https://www.accesswire.com/689397/Yunhong-Cti-Ltd-Announces-Significant-Year-Over-Year-Increase-With-Major-Retailer-in-Critical-Sell-Through-for-Valentines-Day- 2022



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