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Competitive Technologies Reports Second Quarter Fiscal 2010 Results

March 24, 2010 (FinancialWire) — Competitive Technologies, Inc. (AMEX: CTT) recently announced financial results for the second quarter fiscal 2010, ending January 31, 2010. Revenues for the second quarter of fiscal 2010 of $0.3 million more than doubled from the first quarter of fiscal 2010 revenues of $0.1 million as sales of the Calmare® Therapy Treatment medical device expanded. Revenues for the first half of fiscal 2010 were $0.4 million compared to revenues of $0.1 in the first half of fiscal 2009.

"We are pleased that our Calmare Therapy Treatment medical device has gained a greater foothold in the global healthcare market," said John B. Nano, CTT's Chairman, President and CEO. "Sales and profit prospects for our Calmare pain therapy medical device are more encouraging than ever. Our medical device sales have been to customers in the U.S, Italy, India, Greece and Bangladesh. We have signed country-exclusive distribution agreements for the device, currently covering nearly half the world's population, and are actively seeking new international distribution partners.”

Source: Zangani Investor Community (http://www.investrend.com/about/zangani).

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Source of original content for this article: (http://www.zangani.com/node/5093).

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