FAIRFIELD, Conn., Aug. 9, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that the firm of LaBranche & Co Inc. has been selected by the American Stock Exchange as the specialist firm to represent CTT on the Exchange. LaBranche will begin its new role with the opening of trading on Monday, Aug. 12, 2002. LaBranche is one of the leading and oldest specialist firms, trading more than 850 listed issues. LaBranche operates to ensure that the market for the stocks it represents remains fair and orderly.
John B. Nano, recently elected CTT's President and CEO said, "We are pleased to have LaBranche as a part of the new CTT. We are implementing our newly established strategy of a greater proactive focus on end-user customer requirements, leveraging our core strengths in licensing technology by utilizing our experience, skills and expertise. CTT's strategic objective is to turn technology into commercial dollars, leading to increased shareholder value. The addition of a quality firm such as LaBranche to the CTT team is another stepping-stone in the successful path of our new strategy."
About Competitive Technologies, Inc.
Competitive Technologies, established in 1968, is a global leader in identifying, developing and commercializing innovative life sciences, physical sciences, digital technologies and electronics. CTT's specialized expertise and experience make it a valuable partner to assist technology-rich universities, inventors and companies, of all sizes, to maximize the value of their intellectual assets. Visit CTT's website: www.competitivetech.net
Statements about the Company's 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. These statements involve risks and uncertainties, including those set forth in Item 1 of the Company's most recent Form 10-K and in CTT's filings with the SEC, and are subject to change at any time. The Company's actual results could differ materially from these forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statement.