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

SCHEDULE 14A
(Rule 14a-101)
 
SCHEDULE 14A INFORMATION
 
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No.  1)
 
 
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Definitive Proxy Statement
 
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Soliciting Material Pursuant to §240.14a-12
 
 
CTI Industries Corporation 
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CTI INDUSTRIES CORPORATION
22160 North Pepper Road
Barrington, Illinois 60010

AMENDMENT TO THE PROXY STATEMENT
OF CTI INDUSTRIES CORPORATION
DATED APRIL 30, 2007

CTI Industries Corporation filed a proxy statement dated April 30, 2007 in connection with the solicitation of proxies by the Board of Directors to be voted at the 2007 Annual Meeting of Shareholders, which will be held at the Holiday Inn Crystal Lake, 800 South Route 31, Crystal Lake, Illinois 60014, on June 22, 2007, 10:00 a.m., Central Standard Time. As stated in the proxy statement, only shareholders of record at the close of business on April 27, 2007 are entitled to vote at the meeting.

This Amendment provides additional and corrected information to that contained in the original proxy statement as filed which will be incorporated in the proxy statement as mailed to shareholders. Due to a clerical error, certain of the figures reported in the Summary Compensation Table in the original proxy statement filed on April 30, 2007 relating to Salary and Total Compensation were incorrect. The table below reports the correct compensation figures.

This Amendment is dated May 7, 2007.

CORRECTED SUMMARY COMPENSATION TABLE

Summary Compensation Table

The following table sets forth summary compensation information in accordance with respect to the Chief Executive Officer, Chief Financial Officer and each of the other four most highly compensated executive officers who were officers at December 31, 2006. These individuals, including the Chief Executive Officer and Chief Financial Officer are collectively referred to in this proxy statement as the Named Executive Officers.

 
 
 
 

SUMMARY COMPENSATION TABLE
Name and Principal Position
  
Year
  
Salary
  
Non-Equity Incentive Plan Compensation
  
All Other Compensation
  
Total
  
Howard W. Schwan
President
  
 2006
  
$
161,000
  
$
14,922
  
$
31,034
  
$
206,956
  
Stephen M. Merrick
Executive, Vice President
Secretary, Chief Financial
Officer
  
 2006
    
84,000
    
13,057
    
0
    
97,057
  
Steven Frank
Vice President-Sales
  
 2006
    
103,000
    
11,192
    
11,589
    
125,781
  
Brent Anderson
Vice President-General
Manager, Bag Division
  
 2006
    
111,000
    
11,192
    
11,331
    
133,523
  
Samuel Komar
Vice President-Marketing
  
 2006
    
116,000
    
11,192
    
12,842
    
140,034
  
Timothy Patterson
Vice President-Finance
  
 2006
    
101,000
    
11,192
    
10,642
    
122,834
  
 
Total
      
$
676,000
  
$
72,747
  
$
77,438
  
$
826,185
  

Items included in All Other Compensation in the Summary Compensation Table and items identified as Perquisites and Other Personal Benefits in the All Other Compensation Table are set forth in the following tables of All Other Compensation and Perquisites:
 
May 7, 2007