FAIRFIELD, Conn., Aug. 26, 2010 (GLOBE NEWSWIRE) -- Competitive Technologies, Inc. (NYSE Amex:CTT) today announced that John B. Nano, CTT's Chairman, President, and CEO, and other Company executives met with the Listing Qualifications Panel of the NYSE Amex (the "Exchange") and Exchange Staff members at the previously announced delisting hearing on August 25, 2010. Following the presentation and in depth discussion, members of the Panel advised CTT that they will review all the information at their disposal, including information presented and discussed at the hearing, and make a final listing determination. CTTs' stock will continue to trade on the NYSE Amex and company operations will continue as usual.
"We appreciate the opportunity to describe in detail our financial situation and the willingness of the Exchange's Panel and Staff to consider the detailed information that we have presented," said Mr. Nano.
About Competitive Technologies, Inc.
Competitive Technologies, established in 1968, provides distribution, patent and technology transfer, sales and licensing services focused on the needs of its customers and matching those requirements with commercially viable product or technology solutions. CTT is a global leader in identifying, developing and commercializing innovative products and technologies in life, electronic, nano, and physical sciences developed by universities, companies and inventors. CTT maximizes the value of intellectual assets for the benefit of its customers, clients and shareholders. Visit CTT's website: www.competitivetech.net
Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent Annual Report on Form 10-K for the year ended July 31, 2009, filed with the SEC on October 27, 2009, and 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.