FAIRFIELD, Conn., May 20, 2011 (GLOBE NEWSWIRE) -- Competitive Technologies, Inc. (OTCQX:CTTC) today announced the financial results for the first quarter ended March 31, 2011. CTTC produced a marginal profit of $29,000 compared to a loss of $739,000 for the prior year quarter. This was the first quarterly profit the Company has posted since the quarter ended July 31, 2005.