Competitive Technologies, Inc. Announces Financial Results for the Quarter Ended September 30, 2012

FAIRFIELD, Conn., Nov. 16, 2012 (GLOBE NEWSWIRE) -- Competitive Technologies, Inc. (OTCQX:CTTC) announced today its financial results for the three months ended September 30, 2012. Gross profit for the quarter was $0.2 million and expenses were $0.8 million producing a net loss for the third quarter of 2012 of $0.6 million. Gross profit for the third quarter of 2011 was $0.7 million and expenses were $1.2 million producing a net loss of $0.5 million for the prior year quarter. Expenses for the current quarter are the lowest of any quarter in the last four years.