Competitive Technologies Highlights Double-Digit Growth Plan at Annual Meeting

Jan 14, 2005, 00:00 ET from Competitive Technologies, Inc.

    FAIRFIELD, Conn., Jan. 14 /PRNewswire-FirstCall/ -- Competitive
 Technologies, Inc. (Amex:   CTT) held its annual meeting today at the American
 Stock Exchange in New York City. Richard E. Carver, CTT's Chairman of the
 Board, and John B. Nano, President and CEO described the key aspects of the
 2005 business plan which is expected to lead to double-digit growth in revenue
 and net income when compared to fiscal 2004 financial results. The full slide
 presentation is available on the Investors page at CTT's website: .
     "The CTT business team is actively fulfilling its commitment of growth and
 achieving our strategic vision," said Mr. Carver. "Shareholders are beginning
 to realize value from their investment in CTT as the market recognizes the
 outstanding work being done at the company. The stock price for 2004 closed at
 $11.10, an improvement of 345.8% over the $2.49 closing at year-end 2003. We
 are proud to have the two new members elected to our Board, Drs. Maria-Luisa
 Maccecchini who brings to CTT a strong background in the important biotech
 industry and Donald J. Freed, who is currently the Executive Vice President
 and Chief Technology Officer at CTT. We also wish to thank Samuel M. Fodale
 for his past service to the company as he steps down from the Board."
     Mr. Nano said, "As we continue to successfully implement our business
 plan, we expect fiscal 2005 to be even stronger than the exciting and
 profitable year we achieved in fiscal 2004. Our objective is double-digit
 growth in revenue and net income for fiscal 2005 ending July 31, 2005. I
 believe that CTT's stock is trading at a very low p/e considering our trailing
 four quarters of earnings of $0.55 per share."
     "We are building a strong, recurring revenue stream, successfully
 capitalizing on the technology and business expertise of our commercialization
 team, and are well positioned in a global licensing market that demands the
 dynamic technologies that are in our portfolio," continued Mr. Nano. "We are
 expanding our portfolio with quality, innovative technologies including the
 just-announced RFID tracking technology, the homocysteine assay, where we
 recently signed new royalty and license fee agreements, MPEG-4 video
 compression and decoding technology, where we recently incorporated a second
 patent into the License Pool, silicon carbide wafer testing, a sexual
 dysfunction therapeutic, encryption technology, a sunless tanning technology,
 a nanotechnology bone biomaterial, an anticancer compound and the Therapik(R)
 medical device. Our plan is to continue to leverage near-term opportunities
 while executing our longer-term strategies for sustained growth and increased
 shareholder value."
     About Competitive Technologies, Inc.
     Competitive Technologies, established in 1968, is a full service
 technology transfer and licensing provider focused on the technology needs of
 its customers and transforming those requirements into commercially viable
 solutions. CTT is a global leader in identifying, developing and
 commercializing innovative technologies in life, electronic, nano, and
 physical sciences developed by universities, companies and inventors. The
 global market for technology transfer services is estimated at $150 billion
 annually. CTT maximizes the value of intellectual assets for the benefit of
 its customers, clients and shareholders. Visit CTT's website: .
     Statements about our future expectations, including development and
 regulatory plans, and all other statements in this document other than
 historical facts are "forward-looking statements" within the meaning of
 applicable Federal Securities Laws, and are not guarantees of future
 performance. These statements involve risks and uncertainties inherent in our
 business, including those set forth in Item 7 under the caption "Risk
 Factors," in our most recent Annual Report on Form 10-K filed with the SEC on
 October 29, 2004, and other factors that may be described in our other filings
 with the SEC, and are subject to change at any time. Our actual results could
 differ materially from these forward-looking statements. We undertake no
 obligation to update publicly any forward-looking statement.
     Direct inquiries
      to:             Johnnie D. Johnson,    E-mail:
                       Strategic IR, Inc.
                      Tel. (212) 754-6565;   E-mail:
                       Fax (212) 754-4333

SOURCE Competitive Technologies, Inc.