Exhibit 99.1

For Immediate Release:

COMPETITIVE TECHNOLOGIES, INC. RECEIVES "WELLS NOTICE"
FROM SECURITIES AND EXCHANGE COMMISSION

Fairfield, CT - (June 16, 2003) - Competitive Technologies, Inc.
(AMEX: CTT) reported that on June 12, 2003 the staff of the
Securities and Exchange Commission, in connection with the SEC
investigation previously announced by the company, sent written
"Wells Notices" to the company, Frank R. McPike, Jr., the
company's chief financial officer, and Samuel M. Fodale, a
director of the company.  The "Wells Notices" indicated that the
staff intends to recommend to the Commission that it bring a
civil action against the company and the individuals in the
matter of trading in the stock of the company, which the company
believes relates to the company's stock repurchase program under
which the company repurchased shares of its stock from time to
time during the period of October 28, 1998 to March 22, 2001.

Under the Wells process established by the Commission, the
company has the opportunity to respond in writing to the "Wells
Notice" before the staff makes a formal recommendation regarding
what action, if any, should be brought against the company by the
Commission.  The company said that it will continue to cooperate
with the Commission staff in this matter.  The company previously
disclosed information about this inquiry in the 2002 Annual
Report, Form 10-Q, Form 10-K and other SEC filings.

In the past year, CTT management, under the new leadership of
John B. Nano, President and CEO and Richard E. Carver, Chairman
of the Board, has been highly focused on maintaining the
corporate integrity of the company.

About Competitive Technologies, Inc.

Competitive Technologies, established in 1968, is a full service
technology transfer and licensing provider focused on the
technology needs of its customers and transforming those
requirements into commercially viable solutions.  CTT is a global
leader in identifying, developing and commercializing innovative
technologies in life, digital, nano, and physical sciences
developed by universities, companies and inventors.  The global
market for technology transfer services is estimated at $150
billion annually.  CTT maximizes the value of intellectual assets
for the benefit of its customers, clients and shareholders.
Visit CTT's website: http://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 other 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.

Direct inquiries to:
Johnnie D. Johnson, Strategic IR, Inc.
E-mail:  jdjohnson@strategic-ir.com
Tel.  (212) 754-6565; Fax (212) 754-4333
E-mail:  ctt@competitivetech.net