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CT Holdings Announces Letter of Intent to Acquire 40% of Perclick

 CT to acquire stake in ASP that develops and markets network, customer and financial management services for rapidly growing Internet VoIP / VON telephony service providers

 Perclick’s technology already successfully deployed with major market launch planned

Dallas, Texas – September 7, 2000 – CT Holdings, Inc. (Nasdaq: CITN), an incubator of early stage Internet services companies, today announced that it has entered into a letter of intent relating to its proposed acquisition of securities convertible into approximately 40% of the shares of Perclick.com, Inc. (“Perclick”).  Perclick is an application service provider, or ASP, that provides network, customer, and financial management services for the fast growing Internet Protocol, or IP, telephony market, which includes voice over Internet protocol (VoIP) and voice over net (VON) providers.  The companies expect to close these transactions within the next 30 days, subject to the execution of definitive agreements.

Mr. Solomon stated, “We are pleased to capitalize on this great opportunity in the rapidly growing telephony sector with a new technology that addresses critical needs for participants in this hot sector.  Our investment in Perclick launches a major new initiative for CT Holdings.  In the future, in addition to our other investment focuses, we are actively seeking investment opportunities in the telecommunications infrastructure and technology industry, including the fiber optics and photonics sector.”

“Similar to Parago, I view Perclick as a major opportunity for CT Holdings, and I intend to work closely with Dan Kemp and the Perclick team to aggressively build out their business infrastructure, obtain additional business partners, and make Perclick the leader in the space,” continued Mr. Solomon.

 The companies believe that Perclick will have a distinct advantage by offering an end-to-end back office solution in the rapidly growing VoIP/VON markets.  Perclick’s highly scalable solutions are designed to outsource back-end applications and infrastructure, and automate back office human resource requirements, using Internet-based software solutions designed to support multiple currencies and languages.  Perclick first deployed its technology in October 1999 and plans for launch its rollout next month.  VoIP and VON is one of the fastest growing sectors and Perclick’s back-end back office support systems can be implemented to address critical billing and customer relationship management needs.

 Perclick, headquartered in Omaha, Nebraska, was created to address the rapidly growing Internet Protocol, or IP telephony service, market, which is populated by carriers and Internet service providers that seek to go to market very quickly with their services, but also need to bill for these services accurately, timely, and with an emphasis on convenience and excellent customer service. Perclick plans to quickly leverage its existing software development, infrastructure and expertise to provide a comprehensive customer management and billing software solution for these IP service providers worldwide

 Dan Kemp, President of Perclick, stated “Perclick is very excited about our partnership with CT Holdings. We believe CT and its portfolio companies offer attractive synergies and long term value for Perclick.  By combining our existing technology and strong management team with CT Holding’s management and incubation resources, we will be able to fully leverage our combined strengths and deliver great value to our customers and partners through unique, value-added, Internet-based technology.”

 Perclick will maintain facilities in Omaha and Dallas. The Board of Directors will also include three designees of CT Holdings, Steve Solomon, Larry Lacerte and Phil Romano. Additional directors will be announced later.

 “We are very excited about the opportunity to purchase a substantial interest in Perclick, a company pioneering a new online ASP solution to the billing and customer relationship management issues confronting carriers, traditional Telcos, Internet service providers, and Internet telephony service providers as they move rapidly to offer VoIP and VON services,” said CT’s CEO Steven B. Solomon. “We look forward to working with the management team of Perclick to bring the company to the next level,” he continued, “We believe that Perclick’s comprehensive value-added solutions will have a profound impact for companies doing telephony over the Internet and increase value for CT shareholders.”

 “As a customer of Perclick’s Back Office Solution, we are pleased with the flexibility and scalability of this software architecture,” said Ron Kramer, CTO of International Talk.com, a Perclick customer and investor.  “The Perclick Solution allows International Talk.com to pursue a strategy of rapid expansion with our VoN (Voice over Net) and VoIP Networks.  Perclick Software handles all of our billing concerns and offers web-based management tools (administrative and customer service interfaces) to our foreign affiliates as well as future enterprise customers.  This is the only solution we are aware of for billing and customer relationship management using VoIP/VON technology on an ASP basis.”

 About CT Holdings

CT Holdings, Inc. (Nasdaq: CITN) is an incubator for early stage Internet companies (http//www.ct-holdings.com). CT Holdings’ incubator ventures include Parago, Inc. and River Logic, LLC. 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). Parago is located at 3811 Turtle Creek Blvd., Suite 600, Dallas, Texas 75219. More information is available on the World Wide Web at www.parago.com or via email at sales@parago.com or at (214) 521-3443. River Logic, Inc. is pioneering a new standard of accessibility and ease-of-use in desktop decision support and supply chain optimization tools. With the Process Optimizer MTP (PO), River Logic brings the uncompromised power of advanced quantitative analysis to non-technical professionals. The PO enables all users to build a graphical model of their business, to perform sophisticated analyses that aim to maximize profits, to generate customized reports and to conduct what-if scenarios that evaluate the impact of their decisions across the entire business. The Process Optimizer MTP was built with COR Technology, River Logic’s proprietary, knowledge-based rapid application development system. River Logic’s customers include companies in the process manufacturing, dairy, CPG, chemical, oil & gas, forest products, and telecommunications industries. River Logic is located at 800 Cummings Center, Suite 355W, Beverly, MA 01915. More information is available on the World Wide Web at www.riverlogic.com or via email at info@riverlogic.com or at (978) 921-4889 extension 5012.

 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.

About Perclick

 Perclick, a Nebraska corporation formed in 1999, develops and markets Internet software and specializes in the development of sophisticated database applications.  The company’s strategy is the development of an ASP business for outsourcing billing, call tracking, network monitoring and customer management and e-commerce solutions for companies in the emerging Internet telephony industry.  Perclick has extensive experience developing Java Servlet engines for large Web-enabled database applications and uses a 100% pure Java Web application server for rapid development of database centric vertical applications.

 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.