Fairfield, CT (January 8, 2007) - Competitive Technologies, Inc. (AMEX: CTT), a full service technology transfer and licensing provider, today announced that it has mailed the following letter to all Competitive Technologies stockholders:

January 8, 2007

Dear Fellow Shareholders:

We apologize for all the mailings you have recently received, but we are forced to do this because of the disruptive proxy fight being waged against your Company by a small group of dissident shareholders (the "Nano Group") attempting to take control of your Company. Only the latest dated proxy card counts, so we are asking all shareholders to confirm their vote by sending in another WHITE proxy card.

Reject the Nano Group
Your Board unanimously recommends that you reject the Nano Group and its nominees. Your Board believes that the Nano Group's nominees are not qualified and represent the Nano Group's self-serving interests. Do not return any blue proxy sent to you by the Nano Group, not even in protest.

The Nano Group's Misleading Campaign
You may have recently received a letter from the Nano Group. We urge you to treat this letter with caution and to be wary of this further attempt by the Nano Group to disseminate self-serving information. In our opinion, the letter mischaracterizes numerous issues regarding your Company and management.

Contrary to Mr. Nano's assertions, excluding non-recurring revenues from legal cases and other items, and homocysteine-related revenues which expire in July 2007, CTT's annually recurring retained royalties actually declined by a shocking 48% on Mr. Nano's watch between fiscal 2002 and fiscal 2005. This dramatic drop resulted primarily from expiring patents that were not replaced with new revenue sources. During Dr. Freed's first year as CEO, CTT's annually recurring retained royalties increased approximately 5%.

Mr. Nano has stated that, if elected, he intends to pay himself what amounts to over 20% of the Company's cash-on-hand to settle his contrived litigation with the Company. How does this self-serving action help the shareholders?

Mr. Nano alleges that the Company failed to honor his employment agreement and/or a draft separation agreement that he states was negotiated by the Board as a substitute for the employment agreement. On the contrary, due to Mr. Nano's actions during the course of negotiations on a separation agreement, the Company ultimately declined to enter into any agreement and instead offered to honor the terms of Mr. Nano's existing employment contract. Mr. Nano refused that offer, and instead sued the Company. The Company later learned that Mr. Nano had breached the terms of his underlying employment agreement in a number of ways.

Mr. Nano continues to mislead you with his questionable "resume." The Nano Group's proxy material indicates that John Nano was appointed President and Chief Executive Officer of a Connecticut limited liability company in January 2006. The website for the State of Connecticut's Secretary of State has no record of John Nano serving as one of the company's officers, and subsequent calls to this company reveal that John Nano is not even an employee! If Mr. Nano cannot be found at a company he claims to run, can you trust the man to lead your Company?

Our Strategic Plan is Working
The strategic plan we undertook eighteen months ago has laid the foundation for a revitalized CTT. The next few years should be an exciting time as CTT begins to realize the tangible results of its investments and the hard work now underway. We have a focused and energetic management team and a talented group of business professionals. We are confident that our team has the ability and fortitude to transform CTT into a business that delivers consistent profitability which, in turn, will drive shareholder value. And the Company is always open to suggestions from shareholders for helping us to accomplish this.

Please vote the WHITE management proxy card now - the annual meeting of shareholders is January 16 - only days away. If you have any questions or need assistance in voting your shares, please call Morrow & Co., Inc., a proxy solicitation firm that is assisting us in the solicitation of proxies, at 1-800-267-0201.

Even if you have voted before, we urge you to sign, date and return the enclosed WHITE proxy card.

Since time is short, you can vote by phone or Internet - please follow the enclosed instructions.

Thank you for your continued loyalty and support.

Sincerely,

The Board and Management of Competitive Technologies, Inc.

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. If and when used herein, the words "may," "will," "should," "anticipate," "believe," "appear," "intend," "plan," "expect," "estimate," "approximate," and similar expressions, as they relate to us or our business or management, are intended to identify such forward-looking statements. These statements involve risks and uncertainties related to our ability to obtain rights to market technologies, market acceptance of and competition for our licensed technologies, growth strategies and strategic plans, operating performance and financing of our operations, industry trends, and other risks and uncertainties inherent in our business, including those set forth in Item 1A under the caption "Risk Factors," in our most recent Annual Report on Form 10-K for the year ended July 31, 2006, filed with the Securities and Exchange Commission ("SEC") on October 30, 2006, 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.

Important Additional Information Filed with the SEC

CTT has filed a definitive proxy statement with a WHITE proxy card for the election of directors nominated by the Board of Directors with the SEC. CTT STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT FILED WITH THE SEC BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors can obtain free copies of the proxy statements through the website maintained by the SEC at www.sec.gov. In addition, investors can obtain free copies of the proxy statements from CTT by contacting Secretary, c/o Competitive Technologies, Inc., 777 Commerce Drive, Suite 100, Fairfield, Connecticut, 06825, or you can contact us by phone at (203) 368-6044, or email at ctt@competitivetech.net.

CTT, its directors and named executive officers may be deemed to be participants in the solicitation of CTT's security holders in connection with its 2007 Annual Meeting of Stockholders, which will be held on January 16, 2007. Security holders may obtain information regarding the names, affiliations and interests of such individuals in CTT's definitive proxy statement that was filed with the SEC on December 21, 2006.

About Competitive Technologies

Competitive Technologies, established in 1968, is a full service technology transfer and licensing provider, focused on bringing the intellectual property assets of its clients to the marketplace. CTT specializes in identifying, developing and commercializing innovative technologies in a variety of areas, including life and physical sciences, electronics, and nanotechnologies. Through its global distribution platform, CTT maximizes the value of its clients' intellectual property assets. For more information, please visit: www.competitivetech.net.