Competitive Technologies Announces Sale of Flip Chip Technology

FAIRFIELD, Conn., Aug. 27, 2008 (GLOBE NEWSWIRE) -- Competitive Technologies,
Inc. (AMEX:CTT) announced today the sale of the Flip Chip technology patent
portfolio, owned by CTT and other investors, to an Asian-based company. The
portfolio consists of a group of U.S. and international patents covering the
wafer interconnect process, commonly known as "Flip Chip," because of the manner
in which they are mounted to the device for greater efficiency.

Girish Nallur, PhD, CTT's Chief Scientific Officer, said, "The patent portfolio
describes methods, devices, systems and manufacturing processes for assembling
and testing flip chips with enhanced space and thermal economy. These
technologies will provide a significant impetus to the consumer industry for
manufacture of miniaturized electronic devices with ever-increasing
functionality. Ultimately it is the consumer that benefits."

"CTT's management team is focused on creating value from technologies within our
portfolio and restoring stockholder value," said John B. Nano, CTT's Chairman,
President and CEO. "We are aggressively marketing the pain management therapy,
breast cancer detection test, MC Square stress reduction device
(www.relaxmc.com), UAD surgical prosthetics and solar technologies to drive
revenue growth, improve profitability and create shareholder value. Our full
technology portfolio may be viewed on our website."

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, electronic, nano, and physical sciences developed by
universities, companies and inventors. CTT maximizes the value of intellectual
assets for the benefit of its customers, clients and shareholders. Visit CTT's
website: www.competitivetech.net

Statements made about our future expectations are forward-looking statements and
subject to risks and uncertainties as described in our most recent Annual Report
on Form 10-K for the year ended July 31, 2007, filed with the SEC on October 29,
2007, and 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.

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CONTACT: For Competitive Technologies, Inc.
IR Services, LLC
Johnnie D. Johnson
860 434 2465
jdjohnson@corpirservices.com