Contact: Manny Goncalves

                                                                                                            The MWW Group

                                                                                                            (201) 507-9500

                                                                                                            mgoncalves@mww.com

PARAGO, INC. APPOINTS JIM ADAMS

VICE PRESIDENT OF UPSELL AND MERCHANDISING 

  Industry Veteran to Enhance Opportunities to

Increase Sales and Profitability for CRM Clients  

Dallas, Texas - August 31, 2000 – Parago, Inc., a subsidiary of CT Holdings, Inc. (NASDAQ:CITN), provider of Internet-based continuous customer interaction solutions for retailers, manufacturers and service organizations, today announced that Jim Adams has joined its executive team as Vice President of Upsell and Merchandising.  In his new role, Mr. Adams will be responsible for creating opportunities for Parago’s clients to upsell and cross sell products and services to their customers.

Adams brings 30 years of retail, sales and manufacturing experience to Parago.  Prior to joining the Company, Mr. Adams served as the Director of Sales for Fujifilm Computer Products.   He has also held various executive merchandising and sales positions with the Home Shopping Network, Damark International, Navarre Corporation and Target Stores.

“Jim’s extensive background in this industry and long-standing relationships with retailers and manufacturers will allow us to provide the appropriate upsell products effectively and profitably,” said Ken Johnsen, President and CEO of Parago.  “His knowledge strengthens our ability to provide our clients with an unequaled customer relationship management solution.”

“ I am proud to be a part of this outstanding team and I look forward to making a difference,” said Mr. Adams.

  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 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.