Competitive Technologies, Inc. Appoints New Board Member

Published on Monday, 23 January 2012 12:29 Written by TradersHuddle Staff

FAIRFIELD, Conn., Jan. 23, 2012 (GLOBE NEWSWIRE) -- Competitive Technologies, Inc. (OTCQX:CTTC) today announced that its Board of Directors has voted to appoint Robert G. Moussa as a Director to fill the Board position vacated by the resignation of William L. Reali.

Robert Moussa currently serves as Chairman and Chief Executive Officer of Dilon Diagnostics^®, having spent more than 30 years in the healthcare field. In addition to his role at Dilon, he has held a number of senior positions at both Sherwood Medical Industries and Mallinckrodt Medical. Mr. Moussa has extensive experience launching new products in the diagnostic, nuclear medicine and medical device markets.

"We are pleased to have Bob Moussa join the Board," said CTTC Chairman Rustin Howard. "His experience launching new medical products will be of great value to the Company.

"We thank Bill Reali for his contribution as a Director and former Chairman of the Board," Mr. Howard continued.

William Reali served as a Director from February 2007 through January 2012, and as Chairman from September 2010 until December 2011.

About Competitive Technologies, Inc.

Competitive Technologies is a global leader in developing and commercializing innovative products and technologies. CTTC is multifaceted, providing distribution, patent and technology transfer, sales and licensing services. CTTC's staff is focused on the needs of customers and matching those requirements with commercially viable products or technology solutions.

CTTC is the licensed worldwide distributor of the non-invasive Calmare^® pain therapy medical device, which incorporates the biophysical "Scrambler Therapy™" technology developed in Italy by CTTC's client, Professor Giuseppe Marineo to treat neuropathic pain, including cancer pain. The Calmare^® device is currently being manufactured for sale by CTTC's partner, GEOMC Co., Ltd. of Seoul, Korea. For more information on the device, visit www.calmarett.com. Visit CTTC'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, 2010, filed with the SEC on October 27, 2010, 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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