Fairfield, CT (June 28, 2006) – Competitive Technologies, Inc. (AMEX: CTT) today announced its fiscal 2007 Strategic Plan ("Plan") formulated by CTT management. Highlights of the Plan are described below.

The current plan is the next step and an aggressive expansion of the plan first instituted last August. "During this past fiscal year, we have taken a number of critical actions to strengthen our overall resources, especially our business development staff, including adding for the first time key staff in technology assessment, which we believe were the basic first steps needed to take CTT to the next level," commented Dr. D. J. Freed, CTT's President and CEO. "This current plan shows what we expect to be able to accomplish over the next few years and the actions necessary to achieve our primary goal, which is to have $10 million of recurring revenues and have a profitable company. We currently estimate that this will require anywhere from fifty to one hundred or more revenue producing licenses. In addition, as part of our plan we have articulated to our Board options for broadening our service offerings and diversifying our revenue base."

Another significant company goal is to increase transparency to its shareholders and potential investors, so CTT currently is preparing to post on its website the non-confidential portions of the Plan. This posting is expected to be available in the Investor Relations section of the website in early July. "I'm excited to share our vision with our shareholders," added Dr. Freed. "We believe that we have a strong vision and an ambitious plan which we have communicated to our Board, who received it enthusiastically. We hope our shareholders and potential investors will be as excited as we are."

One of the actions that must occur in order to accomplish the Plan goals is to dramatically increase CTT's inventory of marketable technologies. Significant progress has been made over the past several months in contacting new clients, and forming new relationships, and assessing, valuing and selecting technologies for inclusion in CTT's portfolio. Dr. Mike Kiley, CTT's Chief Technology Officer, said, "Our portfolio, or inventory of technologies is increasing. Since not all technologies accepted into our portfolio ultimately generate royalties, we must have a portfolio of technologies proportionally greater than the number of revenue generating licenses in order to achieve our revenue goals."

"CTT currently is working actively with over 50 universities and more than 75 other technology sources, including industrial clients," stated Dr. Kiley. "This is a major increase from one year ago. More importantly, the new technical assessment group has looked at over 400 technologies and those having significant technical merit and fill a market need will be pursued."

Dr. Kiley continued, "CTT historically has found technologies and then pushed them to the market. We will continue to push technologies that we believe are commercially viable, but we also want to have technologies available in our inventory, so that when a need arises in the market we can respond immediately. We believe that our new assessment and valuation capabilities has enabled us to review a slate of technologies and quickly determine which specific technologies we believe have market viability, then develop a strategy for gaining the rights to the technology and begin a licensing campaign. These available technologies also will be listed on our expanded web site. This process is fundamental to expand our technology offerings and increase our licensing activity to the volumes required to be successful with our Plan."

(Click here to view Strategic Plan)