United States(prwindow)-
September 25 2007 -Breach of Contract by Competitive Technologies, Inc., a Connecticut based Corporation
Wednesday, September 26, 2007
>Cali, Columbia, Sept. 26 / -- Agrofrut E.U.
>(Amex: PTN - News) stated today that the press release issued on
>August 31, 2007 by Competitive Technologies, Inc. (Amex: CTT - News)
>relating to withdrawal from its involvement with Agrofrut E.U. was
>false and misleading.
>The company said Competitive Technologies materially breached the
>contract and was announced to Competitive Technologies, Inc. Agrofrut
>E.U. issue a Notice of Termination on this matter to CTT in the morning
>of September 18, 2007. The Notice of Termination states that
>CTT has breached the Agrofrut E.U./CTT agreement.
>Agrofrut E.U. disputes that the press release contains false and
>misleading information an constitute a breach of the Agrofrut E.U./CTT
>agreement performed unilaterally by CTT. Nevertheless, the Agrofrut
>E.U./CTT agreement had been terminated. Therefore, any alleged breach
>to the Agrofrut E.U./CTT agreement was eliminated by the termination
>of the agreement, announced by sending Notice of Termination to CTT.
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