Fairfield, CT (January 19, 2007) - Competitive Technologies, Inc. (AMEX: CTT), a full service technology transfer and licensing provider, today announced that it has notified the Securities and Exchange Commission concerning the false and misleading statements made by the Committee to Restore Stockholder Value (the "Nano Group"), regarding their inaccurate claim that a quorum was present on January 16, 2007, at CTT's Annual Meeting of Stockholders ("Annual Meeting").

The independent Inspectors of Election, IVS Associates, Inc., have preliminarily confirmed that only 39.94% of CTT's outstanding shares were present in person or by proxy at CTT's Annual Meeting, far below the majority of shares required by CTT's Bylaws in accordance with Delaware law. As no quorum was present, the only business conducted was a vote by the shareholders to adjourn the meeting. According to the preliminary report of the independent Inspectors of Election, the vote to adjourn the meeting until February 2, 2007, was approved. No other business was conducted at the Annual Meeting, and contrary to the misleading statements of the Nano Group, no election of directors took place at the meeting. The election of directors is expected to take place on February 2, 2007, at the reconvened Annual Meeting.

CTT believes that the Nano Group has perpetuated a campaign to intentionally mislead CTT's stockholders. The Nano Group has continued to falsely claim that the Nano Group's slate of director nominees, including John B. Nano, was elected on January 16, 2007, which was impossible without a quorum.

CTT is encouraging all of its stockholders to cast their ballots in support of its nominees as soon as possible. The Annual Meeting has been adjourned until February 2, 2007 at 1:00 p.m. Eastern Time at the American Stock Exchange, 86 Trinity Place, New York, NY. Voting instructions are as follows:

Stockholders also may vote by attending the reconvened Annual Meeting in person. Any CTT stockholder of record as of the close of business on November 20, 2006, who has not yet returned a proxy card, or voted by Internet or by telephone is strongly encouraged to contact Morrow & Co., Inc., a proxy solicitation firm that is assisting us in the solicitation of proxies, at 1-800-267-0201. Any stockholder who held shares in "street name" through their broker, bank or other custodian as of the close of business on November 20, 2006, may also contact such broker, bank or other custodian to receive proxy materials and vote their shares. If any stockholder has any questions or needs assistance in voting its shares, they are advised to call Morrow & Co., Inc., at 1-800-267-0201. The Company has engaged an independent firm to verify the voting results.