CT Holdings announces appointment of Phil Romano to its Board of Directors

Mr. Romano is a leading serial entrepreneur in Restaurant and Technology Industries

Dallas, Texas, August 22, 2000 – CT Holdings, Inc. (Nasdaq: CITN), an incubator of early stage Internet services companies, today announced the appointment of Phil Romano to its board of directors.

Steven B. Solomon, Chief Executive Officer of CT Holdings, said, "The addition of Phil Romano to our board of directors adds a wealth of entrepreneurial business experience and extensive industry contacts to CT Holdings. We believe that Phil’s decision to become involved with CT Holdings will be an invaluable asset to our future progress and our business model. The addition of Phil to our board adds to the strength of our current directors, including Victor Kiam, Lawrence Lacerte and others. Phil’s extensive entrepreneurial experience and contacts will enhance our ability to leverage the best of breed Internet concepts we are focusing on."

Phil Romano is an investor, entrepreneur and nationally renowned restaurateur. He has created six national restaurant concepts to date, Fuddrucker’s, Romano’s Macaroni Grill, Spageddie’s, Cozymel’s, Rudy’s Country Store and BBQ, and eatZi’s Market & Bakery. Mr. Romano also serves as a consultant to and joint venture partner with Brinker International, Inc., a $2 billion New York Stock Exchange company. In addition, Mr. Romano has served as a venture capitalist, including as an original investor, and former Chairman and Director of Docucon, Inc., a publicly traded technology company, and a principal in EGP, a partnership that held the licensing rights to the Palmaz-Schatz Stent cardiovascular device that was purchased by Johnson & Johnson in 1998. Mr. Romano serves on the Board of The Cox School of Business at Southern Methodist University and The M.D. Anderson Cancer Center.

Mr. Romano said, "With all of the recent developments at CT Holdings, Parago and CT’s other incubation ventures, I am delighted to be serving as a director of CT Holdings at this exciting time in the company's growth. I look forward to working with Steve Solomon and the CT Holdings team to help achieve the vision of positioning CT Holdings as a leading Internet incubator of the future."

About CT Holdings

CT Holdings (Nasdaq: CITN) is an incubator for early stage Internet companies (www.ct-holdings.com ). CT Holdings’ incubator ventures include Parago and River Logic. Parago (www.parago.com ) provides online, outsourced continuous customer interaction solutions and is headquartered in Dallas with offices in Silicon Valley and Los Angeles and more than 400 employees. Parago has developed a continuous customer interaction model that automates promotional management and optimizes the customer care experience for its clients. Parago, an application solution provider (ASP) and Internet based business process outsourcer (BPO), provides an online suite of promotional offerings designed to increase sales, reduce costs, and retain customers, thereby increasing customer profitability. Parago’s solutions and services include PromoCenter (on-line promotional management, on-line rebate processing, proactive e-mail, and on-line surveys), InfoCenter (online product demonstrations and manuals), and KnowledgeCenter (customer data warehousing, analysis and reporting). River Logic is a leading developer of proprietary network applications that focus on decision-making and process optimization in vertical marketplaces. River Logic 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.

For more information on CT Holdings, its Internet subsidiaries, and its Citadel Technology line of security software products, please visit our Web site at http://www.ct-holdings.com. For information on purchasing products, contact us directly by writing or calling: CT Holdings, Inc., 3811 Turtle Creek Blvd., Suite 770, Dallas, Texas 75219; phone: 214/520.9292; fax: 214/520.9293. For media or investor relations contact: The Investor Relations Group at 212/736.2650.

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.

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