Fairfield, CT (January 19, 2007) - Competitive Technologies, Inc. (AMEX: CTT), a full service technology transfer and licensing provider, today announced significant changes being made with respect to its leadership.

"We recognize that a number of our stockholders are frustrated and want an immediate positive change in the leadership of our Company," stated George Dunbar, a member of the Board of Directors and Chair of the Board's Nominating and Governance Committee. "However, we continue to believe that the election of the Nano Group dissident slate would not be a positive step in accomplishing that goal. We respect and appreciate Don Freed and Dick Carver's decisions as detailed below which we view as critical first steps in responding to our stockholders' concerns."

The Company's Board of Directors and Dr. D.J. Freed, the Company's President and CEO, have agreed that Dr. Freed will step down from his position as President and CEO as soon as a successor has been identified and hired. Upon cessation of his employment, Dr. Freed would receive the same severance related compensation that he would have been entitled to under his employment agreement if he was terminated by the Company after a change in control of the Board. Furthermore, the Board has announced that it is initiating an immediate search for Dr. Freed's successor. The Company also announced that Richard E. Carver will step down as Chairman after the current directors' election and will not stand for reelection to the Board next year.

As previously announced, the motion to adjourn the Annual Meeting until February 2, 2007 at 1:00 p.m. Eastern Time at the American Stock Exchange, 86 Trinity Place, New York, NY was preliminarily confirmed by the report issued by the independent Inspectors of Election ("Inspectors"). The Inspectors also preliminarily confirmed that 39.9% of CTT's outstanding shares were present in person or by proxy on January 16, 2007 at the 2007 Annual Meeting of Stockholders, indicating that a quorum was not present.

The Company continues to urge CTT stockholders who have not yet voted to do so immediately.

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.