Parago Contact:        Steve Solomon

(214) 521-3443

steve.solomon@parago.com

Manuel Goncalves

The MWW Group

(201) 964-2387

mgoncalves@mww.com

Ken Johnsen, a technology industry veteran, promoted to CEO of Parago

Steve Solomon will continue as Parago’s Chairman and CT Holding’s CEO.

DALLAS, TX, August 29, 2000 - Parago Inc., an Internet-based customer relationship management company focusing on the promotional management space announced today that Ken Johnsen has been promoted to President and Chief Executive Officer. Parago is a subsidiary of CT Holdings, Inc. (NASDAQ: CITN), an early stage Internet Services Company incubator. Founder and former CEO, Steve Solomon will remain actively involved in the strategic direction of the company and will remain Chairman of Parago and CEO of CT Holdings. In making the announcement, Steve Solomon said, “This is a natural evolution for our company.  Ken and I will work closely with the company’s executive team to execute our business model and continue developing innovative solutions for our clients.”

“Steve had the vision to create and build a world class company that leverages the Internet to provide innovative solutions to businesses seeking to improve their customer relationships,” said Ken Johnsen.  “I am proud to be a part of this outstanding management group which I believe to be the ideal team to best serve Parago’s fast growing roster of blue chip clients.  I believe we are truly revolutionizing the promotional marketing sector allowing our clients to convert promotional marketing costs into revenue generating opportunities while collecting valuable knowledge about their customers.  We enable our clients to increase revenue, lower costs and improve customer loyalty.”

Ken Johnsen (47) joined Parago (formerly How2.com) in May 1999 after a very successful career with Metamor Worldwide where he served as President, Chief Operating Officer and Board Member. Metamor Worldwide was a $850 Million technology services company specializing in e-business and was recently acquired by PSINet Inc. in a transaction valued at $1.9 Billion. While at Metamor he grew the IT Solutions business from $20 million to over $300 million within two years, acquired numerous companies and consolidated locations and businesses into six business units. These units were eventually sold or taken public, creating significant shareholder value. Prior to Metamor Worldwide, he spent 22 years with IBM where he held numerous general management positions, including Vice President of Business Services for IBM Global Services and General Manager of IBM Hong Kong operations.  During this time, Mr. Johnsen consistently delivered record revenue and profit levels and exceeded client satisfaction objectives.

Steve Solomon said, “We have had many successes and innovations such as our Continuous Customer Interaction model, we have developed proprietary patent pending technology, recruited excellent management and operating talent throughout the organization and attracted 170 clients to date.  Parago has recruited talented executives from companies such as IBM, Intel, Andersen Consulting, Teleglobe, and Compaq.  In addition, capital has been raised from THLee.Putnam Internet Partners, L.P., Watershed Capital, Dain Rauscher Wessels and Seaboard Ventures.  As we continue to achieve record quarters and exceed our internal expectations, the change will allow Ken and I to better align our roles, with me focusing on long-term vision for the company, and Ken focusing on strategy and execution.”  “Our business has never been stronger, and I am confident in our ability to grow long-term shareholder value,” concluded Solomon.

 About Parago^SM

Parago's patent-pending technology and processes represent fresh and innovative approaches designed to improve the promotional marketing industry.  We provide Internet-based customer relationship management solutions – PromoCenter, InfoCenter and KnowledgeCenter, that are designed to increase sales, reduce costs, improve customer loyalty and enhance customer retention for our clients. We call this process our Continuous Customer Interaction^SM model, which helps retailers, manufacturers and service organizations reduce the cost of doing promotions and drive incremental revenue by cross selling and upselling new products and services.  During this process, we capture buyer data and demographics – information that is used by our clients to improve their promotional marketing programs and create retention and loyalty programs.

About CT Holdings

CT Holdings, Inc., is an incubator for early stage Internet companies (www.ct-holdings.com).  CT Holdings' incubator ventures include Parago and River Logic.

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 the risks and uncertainties discussed in documents filed with the Securities and Exchange Commission by CT Holdings or Parago.

Neither CT Holdings nor Parago undertakes any 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.