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, 2003
|_| 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:


                           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

            (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
     |X|          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.


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, 2003, the Company requires additional
time to file its Form 10-K for such fiscal year.


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

      SCOTT P. SLYKAS                312                     284-1520
      ---------------            -----------            ------------------
          (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

                  |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: March 30, 2004                              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.

   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 $37,000,000 for the
fiscal year ended December 31, 2003, as compared to net sales of $41,000,000 for
the year ended December 31, 2002. The Company expects to report a net loss for
the fiscal year ended December 31, 2003, as compared to net income of $303,000
for the fiscal year ended December 31, 2002. However, review of the Company's
accounts and results for 2003 continues and, for that reason, it is not possible
to make a reasonable estimate of the amount of such net loss at this time.