CT Holdings, Inc. CT Holdings, Inc.


  

Parago Contact:  Manuel Goncalves

The MWW Group

(201) 964-2387

mgoncalves@mww.com

 

Parago, Inc. Announces opening of R & D center  

Customer Relationship Management Company Has Ribbon Cutting Ceremony for the Grand Opening of its Research & Development Center

Dallas, Texas – August 31, 2000 – Parago, Inc., a subsidiary of CT Holdings, Inc. (NASDAQ:CITN), has recently opened a new State-of-the-Art Research & Development Center in Coppell, Texas.  The R & D Center has 32,000 square feet and has been designed for application development and hosting capabilities.  It contains usability labs, think tank rooms, quality assurance stations, a research & development lab, and a network control center.

 

Parago, Inc. presently has a promotion fulfillment facility in Coppell that employs approximately 300 employees.  The new R & D Center is located in the same complex as the promotion facility and currently houses approximately 70 employees, with the capacity to house 140 employees.

 

Andy Adams, Chief Technology Officer of Parago, Inc., said, “We have developed a world class technology infrastructure to support our product offerings of PromoCenter, InfoCenter, and KnowledgeCenter for our clients.   We believe that this facility, along with our product offerings, creates a distinct competitive advantage for our clients.”

 

Coppell Mayor Candy Sheehan and Texas State Senator Jane Nelson, District #9, both attended the event to show their continued support of the company, as an innovative employer in the community.  Mayor Sheehan presented a proclamation which names July 24th as “Parago, Inc. Day”.  

About ParagoSM

 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 InteractionSM 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.