FAIRFIELD, Conn., May 28, 2014 /PRNewswire/ -- Competitive
Technologies, Inc., (OTCQX: CTTC) (CTI), today announced
the signing of a binding letter of intent to distribute and sell
the Calmare® Pain Therapy devices (Calmare) exclusively
throughout the Middle East and
North African territories with The Mediterranean for Integration
and Technology (Mediterranean), to distribute and sell Calmare.
"The reestablishment of distribution relations with
Mediterranean brings great promise to the Company," said
Competitive Technologies President & CEO Conrad Mir. "Their results in the MENA
territories represented a substantive portion of the $3.1 million in sales in 2011. In our commitment
to regaining market share in the MENA territories and increasing
sales, we strongly believe that this rejuvenated business
relationship will help grow global sales and increase shareholder
value in short order."
About the Company
Competitive Technologies Inc., the
pain mitigation company, develops and commercializes innovative
wound and pain management products and technologies. CTI holds the
510k clearance on its flagship product, the non-invasive
Calmare® Pain Therapy Device, which grants it an
exclusive right to sell, market, research and develop the medical
device. The Company is the exclusive licensed global distributor of
Calmare.
Forward-Looking Statement
Certain statements
contained in this press release are forward-looking statements that
involve risks and uncertainties. The statements contained herein
that are not purely historical are forward looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements deal with the Company's current
plans, intentions, beliefs and expectations and statements of
future economic performance. Forward-looking statements involve
known and unknown risks and uncertainties that may cause the
Company's actual results in future periods to differ materially
from what is currently anticipated. Factors that could cause or
contribute to such differences include those discussed from time to
time in reports filed by the Company with the Securities and
Exchange Commission. The Company cannot guarantee its future
results, levels of activity, performance or achievements.
Contacts:
|
|
Competitive
Technologies,
Inc.
|
JV Public
Relations
|
Conrad
Mir
|
Janet
Vasquez
|
President and
CEO
|
Managing
Director
|
cmir@competitivetech.net
|
jvasquez@jvprny.com
|
973.798.8882
|
212.645.5498
|
www.competitivetech.net
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SOURCE Competitive Technologies, Inc.