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).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

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

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.