Exhibit 99.1


  COMPETITIVE TECHNOLOGIES APPOINTS MICHAEL D. DAVIDSON CFO


Fairfield, CT (May 4, 2004) - Competitive Technologies, Inc.
(AMEX: CTT) announced the appointment of Michael D. Davidson as
Chief Financial Officer effective May 3, 2004.

Mr. John B. Nano, CTT's President and CEO said, "We are pleased
to add Michael to the CTT team as we implement our strategic
business plan for growth to produce a profitable 2004. Michael
has a proven track record as a public company executive with a
strong consulting and auditing firm background. His breadth of
experience provides CTT the financial skills required as we build
the company and shareholder value."

"I look forward to joining CTT's team and to the opportunity of
growing the company in this tech transfer market which continues
to have double-digit growth," said Mr. Davidson. "CTT has all of
the corporate fundamentals, including several technologies that I
believe will be major revenue producers pushing CTT to new
heights."

Mr. Davidson was Chief Financial Officer of First Aviation
Services from April 2002. He started with First Aviation in
February 1998 as Controller becoming Chief Accounting Officer in
October 2001. Prior to joining First Aviation, Mr. Davidson
worked for six years at Knollwood Capital, a consulting firm
specializing in turnaround and restructuring, and two years for
Dyson-Kissner-Moran Corporation, a leveraged buyout firm. For
nearly ten years he was with Ernst & Young LLP, where he was a
senior manager and active in merger and acquisition work. Mr.
Davidson graduated magna cum laude with a BS in Business
Administration from Providence College in Rhode Island, and is a
Certified Public Accountant.

Mr. Nano continued, "CTT is expanding the number and quality of
innovative technologies in our portfolio and fully capitalizing
on the true value of CTT's assets. We have brought the company to
profitability, formed strong global alliances, gained outstanding
technologies from clients and moved them into the marketplace.
With our highly qualified management team and sufficient funding,
CTT will successfully implement its strategic business plan for
sustainable long-term growth and enhanced shareholder value."

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