Press Contact: Dian Griesel, Ph.D.
Investor Relations Group
212.736.2650

DALLAS, TX, March 2, 2000 - CT Holdings, Inc. (NASDAQ: CITN), a business to business (B2B) incubator today announced that it has entered into a letter of intent relating to a transaction in which it has the right to acquire in excess of 51% of the shares of iNetze. The companies expect to close this transaction within the next 30 days. Terms of the acquisition were not announced.

The proposed transaction is part of CT’s strategy to fund early stage B2B Internet companies which are focused on using proprietary technology and the Internet to help businesses increase profitability, improve operating efficiencies or increase revenues.

iNetze, headquartered in Beverly, Massachusetts, creates and operates integrated networks of decision support tools, e-learning solutions, and e-commerce capabilities that revolutionize the manner in which decision-makers leverage knowledge and information allowing them to gain decisive competitive advantage. By providing the knowledge database needed to leverage its proprietary, Web-enabled, industry standard decision support tools, iNetze offers one of the world’s most comprehensive and technologically advanced value-added decision support networks.

iNetze’s decision support technology contains databases of information and business rules applicable to vertical industries, such as forestry, chemicals, steel, oil and gas, education, which have been compiled over the past 11 years. These knowledge bases capture unique industry characteristics including processes and performance measures. Data is seamlessly exchanged to help users analyze complex situations such as product mix optimization, new product launches, capital investments, or logistics optimization. Decisions makers are provided with quick and accurate quantitative assessments of alternative actions. Although these applications are based on complex mathematical algorithms, no proficiency in mathematical equation writing or analysis is required.

iNetze licenses this network as an application service provider and provides network technology which allows users to implement the results of the decision support process over the Internet. iNetze also provides training, implementation, technical and application support for its clients. iNetze is currently in discussions with leaders in vertical industries such as power utilities and healthcare to deploy its network and applications.

iNetze was founded by Dr. Robert C. Whitehair, who is the Chief Research Officer of the company, where he leads the development of new technologies and services. Dr. Whitehair earned his Ph.D. in Computer Science from the University of Massachusetts. Dr. Whitehair’s research has involved theoretical and mathematical foundations of Artificial Intelligence, knowledge-based programming languages, knowledge-based decision support systems, simulation and computational mathematics. He has published over 30 articles and technical reports and has over 20 years of experience developing decision support systems and business intelligence software solutions. Dr. Whitehair’s research has included cooperative development efforts with DuPont, General Electric and others. He has personally been involved in the development of over 1000 models in industries such as forest products, chemicals, financial, energy, healthcare, and engineering. Dr. Whitehair has also developed Internet-based technology that supports real-time control and feedback of dynamic systems.

"We are extremely excited about the opportunity to partner with iNetze, a company pioneering a new online approach to conducting everyday business which is intended to increase profitability for businesses," said CT’s CEO Steven B. Solomon. "We believe that Internet based application service providers (ASPs) are one of the fastest growing markets on the Internet today. Companies are increasingly recognizing efficient business process optimization as a critical source of competitive advantage in this rapidly changing marketplace," he continued. "iNetze is offering a comprehensive value–added decision support tool which should have a profound impact for companies doing business over the Internet."

Dr. Robert C. Whitehair, Chief Research Officer of iNetze, stated "iNetze is very excited about the partnership with CT Holdings. By combining our existing technology, products, and marketing capability with CT Holding’s management and incubation resources, we will be able to fully leverage our combined strengths to deliver unprecedented value to our customers and partners through unique, value-added, Internet-based B2B networks."

About CT Holdings

CT Holdings is an incubator for early stage B2B companies (www.ct-holdings.com ). CT Holdings’ Internet subsidiary How2.com (www.how2.com ) provides online, outsourced post-purchase customer care solutions.

About iNetzeÔ

iNetze, headquartered in Beverly, Massachusetts, creates and operates integrated networks of decision support tools, eLearning solutions, and eCommerce capabilities that revolutionize the manner in which decision-makers leverage knowledge and information to gain decisive competitive advantage. By providing the knowledge database needed to leverage it’s proprietary, web-enabled, industry standard decision support tools (COR VantageTM), iNetze, offers one of the world’s most comprehensive and technologically advanced value-added decision support networks.

Forward-Looking Statements: This news release contains forward-looking statements, which involve risks and uncertainties. Accordingly, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statement. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements. These factors include uncertainties related to the closing of the proposed acquisition and integration of the business and operations of acquired companies; availability of suitable incubator companies; and the availability of capital on terms acceptable to the Company. Investors are also directed to consider other risks and uncertainties discussed in documents with the Securities and Exchange Commission.

CT Holdings undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.