Exhibit 99.1


                COMPETITIVE TECHNOLOGIES NAMED IN SEC CIVIL SUIT
                      REGARDING 1998 STOCK BUYBACK PROGRAM

Fairfield, CT - (August 12, 2004) - Competitive Technologies, Inc. (AMEX:
CTT) reported that the company and its former Chief Executive Officer, Frank R.
McPike, Jr., have been named in a civil suit filed at the US District Court for
the District of Connecticut by the Securities and Exchange Commission (SEC). The
case involves the company's 1998 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. CTT is named as a defendant in the suit due
to the alleged conduct of Mr. McPike, former CEO, whose conduct is imputed to
the company.

CTT has cooperated fully with the SEC during the course of its
investigation. The company is now reviewing the filing to determine its response
options.

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: www.competitivetech.net

Statements about our 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 inherent in our
business, including those set forth under the caption "Risk Factors" in our
Prospectus filed with the SEC on May 6, 2004 under Rule 424 (b)(3) of the
Securities Act of 1933, and other factors that may be described in our 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.

Direct inquiries to:       Johnnie D. Johnson, Strategic IR, Inc.
                           Tel. (212) 754-6565; Fax (212) 754-4333

                           E-mail: jdjohnson@strategic-ir.com
                           E-mail: ctt@competitivetech.net