UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14A
Proxy
Statement Pursuant to Section 14(a) of the Securities Exchange Act of
1934
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Filed
by the Registrant
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[x]
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Filed
by a Party other than the Registrant
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[
]
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Check
the
appropriate box:
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[
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Preliminary
Proxy Statement
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[
]
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Confidential,
for Use of The Commission Only (as permitted by Rule
14a-6(e)(2))
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[
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Definitive
Proxy Statement
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[x]
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Definitive
Additional Materials
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[
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Soliciting
Material Pursuant to §240.14a-12
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Competitive
Technologies, Inc.
(Name
of
Registrant as Specified in Its Charter)
(Name
of
Person(s) Filing Proxy Statement, if other than the Registrant)
Payment
of Filing Fee (Check the appropriate box):
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[x]
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No
fee required
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[
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Fee
computed on table below per Exchange Act Rules 14a-6(i)(4) and
0-11.
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(1)
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Title
of each class of securities to which transaction
applies:
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(2)
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Aggregate
number of securities to which transaction
applies:
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(3)
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Per
unit price or other underlying value of transaction computed pursuant
to
Exchange Act Rule 0-11 (set forth the amount on which the filing
fee is
calculated and state how it was
determined):
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(4)
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Proposed
maximum aggregate value of
transaction:
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Total
fee paid:
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[
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Fee
paid previously with preliminary
materials.
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[
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Check
box if any part of the fee is offset as provided by Exchange Act
Rule
0-11(a)(2) and identify the filing for which the offsetting fee was
paid
previously. Identify the previous filing by registration statement
number,
or the Form or Schedule and the date of its
filing.
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(1)
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Amount
Previously Paid:
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(2)
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Form,
Schedule or Registration Statement
No.:
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(3)
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Filing
Party:
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(4)
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Date
Filed
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COMPETITIVE
TECHNOLOGIES, INC.
777
Commerce Drive, Suite 100
Fairfield,
Connecticut 06825
On
January 19, 2007, Competitive Technologies, Inc. issued the following press
release:
COMPETITIVE
TECHNOLOGIES NOTIFIES SEC OF NANO GROUP’S FALSE AND MISLEADING
STATEMENTS
Fairfield,
CT (January 19, 2007) - Competitive Technologies, Inc.-(AMEX:
CTT),
a
full
service technology transfer and licensing provider, today announced that it
has
notified the Securities and Exchange Commission concerning the false and
misleading statements made by the Committee to Restore Stockholder Value (the
“Nano Group”), regarding their inaccurate claim that a quorum was present on
January 16, 2007, at CTT’s Annual Meeting of Stockholders (“Annual Meeting”).
The
independent Inspectors of Election, IVS Associates, Inc., have preliminarily
confirmed that only 39.94% of CTT's outstanding shares were present in person
or
by proxy at CTT’s Annual Meeting, far below the majority of shares required by
CTT’s Bylaws in accordance with Delaware law. As no quorum was present, the only
business conducted was a vote by the shareholders to adjourn the meeting.
According to the preliminary report of the independent Inspectors of Election,
the vote to adjourn the meeting until February 2, 2007, was approved. No other
business was conducted at the Annual Meeting, and contrary to the misleading
statements of the Nano Group, no election of directors took place at the
meeting. The election of directors is expected to take place on February 2,
2007, at the reconvened Annual Meeting.
CTT
believes that the Nano Group has perpetuated a campaign to intentionally mislead
CTT’s stockholders. The Nano Group has continued to falsely claim that the Nano
Group's slate of director nominees, including John B. Nano, was elected on
January 16, 2007, which was impossible without a quorum.
CTT
is
encouraging all of its stockholders to cast their ballots in support of its
nominees as soon as possible. The Annual Meeting has been adjourned until
February 2, 2007 at 1:00 p.m. Eastern Time at the American Stock Exchange,
86
Trinity Place, New York, NY.
Voting
instructions are as follows:
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Voting
Instructions for Beneficial Holders
(those
who hold their shares in “street” name):
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Vote
by Telephone
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Vote
by Internet
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Follow
these four easy steps:
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Follow
these four easy steps:
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1.
Read the accompanying proxy material and WHITE
voting instruction form.
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1.
Read the accompanying proxy material and WHITE
voting instruction form.
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2.
Call Toll Free on a Touch-Tone Phone:
1-800-454-8683
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2.
Go to Website: WWW.PROXYVOTE.COM
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3.
Enter your 12 digit Control Number located on the right hand side
of your
WHITE voting form.
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3.
Enter your 12 digit Control Number located on the right hand side
of your
WHITE voting form.
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4.
Follow the recorded instructions.
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4.
Follow the instructions provided.
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Voting
Instructions for Registered Stockholders:
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Vote
by Telephone
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Vote
by Internet
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Follow
these four easy steps:
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Follow
these four easy steps:
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1.
Read the accompanying proxy material and WHITE
voting instruction form.
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1.
Read the accompanying proxy material and WHITE
voting instruction form.
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2.
Call Toll Free on a Touch-Tone Phone:
1-800-690-6903
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2.
Go to Website: WWW.PROXYVOTE.COM
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3.
Enter your 12 digit Control Number located on the right hand side
of your
WHITE voting form.
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3.
Enter your 12 digit Control Number located on the right hand side
of your
WHITE voting form.
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4.
Follow the recorded instructions.
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4.
Follow the instructions provided.
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Stockholders
also may vote by attending the reconvened Annual Meeting in person. Any CTT
stockholder of record as of the close of business on November 20, 2006, who
has
not yet returned a proxy card, or voted by Internet or by telephone is strongly
encouraged to contact Morrow & Co., Inc., a proxy solicitation firm that is
assisting us in the solicitation of proxies, at 1-800-267-0201. Any stockholder
who held shares in “street name” through their broker, bank or other custodian
as of the close of business on November 20, 2006, may also contact such broker,
bank or other custodian to receive proxy materials and vote their shares. If
any
stockholder has any questions or needs assistance in voting its shares, they
are
advised to call Morrow & Co., Inc., at 1-800-267-0201. The Company has
engaged an independent firm to verify the voting results.
Statements
about our future expectations, including development and regulatory plans,
and
all other statements in this press release, other than historical facts, are
“forward-looking statements” within the meaning of applicable Federal Securities
Laws, and are not guarantees of future performance. If and when used herein,
the
words “may,” “will,” “should,” “anticipate,” “believe,” “appear,” “intend,”
“plan,” “expect,” “estimate,” “approximate,” and similar expressions, as they
relate to us or our business or management, are intended to identify such
forward-looking statements. These statements involve risks and uncertainties
related to our ability to obtain rights to market technologies, market
acceptance of and competition for our licensed technologies, growth strategies
and strategic plans, operating performance and financing of our operations,
industry trends, and other risks and uncertainties inherent in our business,
including those set forth in Item 1A under the caption “Risk Factors,” in our
most recent Annual Report on Form 10-K for the year ended July 31, 2006, filed
with the Securities and Exchange Commission (“SEC”) on October 30, 2006, and
other factors that may be described in our 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.
Important
Additional Information Filed with the SEC
CTT
has
filed a definitive proxy statement with a WHITE proxy card for the election
of
directors nominated by the Board of Directors with the SEC. CTT STOCKHOLDERS
ARE
URGED TO READ THE PROXY STATEMENT FILED WITH THE SEC BECAUSE IT CONTAINS
IMPORTANT INFORMATION. Investors can obtain free copies of the proxy statements
through the website maintained by the SEC at www.sec.gov.
In
addition, investors can obtain free copies of the proxy statements from CTT
by
contacting Secretary, c/o Competitive Technologies, Inc., 777 Commerce Drive,
Suite 100, Fairfield, Connecticut, 06825, or you can contact us by phone at
(203) 368-6044, or email at ctt@competitivetech.net.
CTT,
its
directors and named executive officers may be deemed to be participants in
the
solicitation of CTT’s security holders in connection with its 2007 Annual
Meeting of Stockholders, which will be held on January 16, 2007, and any
adjournment thereof. Security holders may obtain information regarding the
names, affiliations and interests of such individuals in CTT’s definitive proxy
statement that was filed with the SEC on December 21, 2006.