Exhibit 99.1

For Immediate Release:

       COMPETITIVE TECHNOLOGIES ENTERS AGREEMENT TO OBTAIN
              UP TO $5 MILLION IN EQUITY FINANCING

Fairfield, CT - (February 27, 2004) - Competitive Technologies,
Inc. (AMEX: CTT) announced today that it has entered into an
agreement to obtain up to $5 million in equity financing from
Fusion Capital Fund II, LLC, a Chicago-based institutional
investor.  Under the agreement, Fusion Capital has agreed to
purchase up to $5 million of newly issued CTT stock over a period
of time up to 20 months.  CTT has the right to control the timing
and the amount of stock sold, if any, to Fusion Capital.

"CTT plans to use this financing commitment opportunistically to
fund the implementation of our strategic business plan," said
John B. Nano, CTT's President and CEO.  "CTT will have this
funding option available, if needed, for working capital to
implement our plan for profitable growth.  We believe this adds
flexibility and greater financial resources to the company.  We
are very appreciative of the work of Fusion Capital and of our
investment bankers Brooks, Houghton who facilitated this
transaction.  We expect fiscal 2004 to be a break through year as
we continue to implement our disciplined business plan.  We are
successfully building a recurring revenue stream and focusing on
commercializing our technology portfolio.  Our new sales team is
creating strong customer and client relationships and driving
shareholder value."

Joshua B. Scheinfeld, Managing Member of Fusion Capital said,
"This financing will assist CTT in expanding their activities to
grow their company and create shareholder value.  This capital
commitment demonstrates significant confidence in the future of
CTT and its current management team.  We are very pleased to
enter into this arrangement with CTT."

Under this agreement, funding of the initial $5 million would
occur over a period of time starting when the Securities &
Exchange Commission declares effective a registration statement
covering newly-issued shares of common stock to be purchased by
Fusion Capital.  Upon completion of this funding, at CTT's sole
discretion, it has the right to enter into a new agreement with
Fusion Capital for an additional $5 million of common stock.

About Fusion Capital II, LLC

Fusion Capital II, LLC is a broad-based investment fund, based in
Chicago, IL.  Fusion Capital makes a wide range of investments
ranging from special situation financing to long-term strategic
capital.  For more information see: www.fusioncapital.com.

About Brooks, Houghton & Company, Inc.

Brooks, Houghton & Company, Inc., based in New York and
established in 1989, is an investment banking firm serving
emerging growth and middle-market public and private companies by
providing capital fund raising and M&A services.  Its affiliate,
Brooks, Houghton Securities, Inc. (Member SIPC) is a NASD
registered broker-dealer which manages the firm's private
placement activities.  For more information see:
www.brookshoughton.com.

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