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CONTACT: Steven B. Solomon, President & CEO CT
Holdings, Inc. 214-520-9292
p 214-520-0034
f CT HOLDINGS Appoints Two Executives to Senior
Positions Executive Vice President of Business Development,
Executive Vice President of Sales Named to Lead Company’s Security and
Privacy Software Products
Dallas
– August 1, 2001 –CT Holdings, Inc. (OTCBB: CITN) today
announced the appointments of Richard W. Speyer as executive vice
president of Business Development and Randall L. Harvey as executive vice
president of Sales. Mr. Speyer will be responsible for managing the
business development, partnerships and strategic relationship activities
for the Citadel Technology product line offered by CT Holdings. Mr.
Harvey will be responsible for managing worldwide sales and promotional
efforts for Citadel Technology software products, overseeing the
Company’s team of sales representatives and negotiating sales
agreements. Mr.
Speyer, a twenty-year veteran of the computer industry, joins the Company
from Parago, a CT Holdings company that provides Internet-based customer
relationship management products, where he also served as executive vice
president of Business Development. He has held senior
management positions at Compaq, where he was responsible for a billion
dollar P&L managing the business development and partnership
activities for SAP. At Novell, Mr. Speyer managed licensing of
complimentary software and hardware for the NetWare operating system.
Mr. Speyer also served as CEO and executive vice president of Sales for
CPU Corporation, a distributor of networking products. Mr.
Harvey, with more than 15 years of experience in product marketing, sales
management and business development, also joins CT from Parago, where he
was director of Business Development. Prior to joining Parago, Mr.
Harvey marketed and launched products and negotiated agreements as
director of Solutions Marketing and Business Development for Novell.
Before joining Novell, Mr. Harvey managed the sales efforts of
representatives and agents as Marketing and Industry Manager for IBM,
exceeding customer satisfaction, revenue, market share and profitability
objectives. “As
CT moves forward with the introduction of innovative Citadel Technology
products that focus on protecting network security as well as privacy
inside the firewall, the addition of experienced business development and
sales pros like Rick and Randall will help us manage and build leadership
in this explosive software category,” said Steven B. Solomon, Chairman
and CEO of CT Holdings.
“I had the opportunity to work closely with them at Parago and
their record of success in growing that company, along with their
extensive background and expertise across the software technology industry
will greatly benefit Citadel.” About
Citadel Technology
CT Holdings’ Citadel Technology develops and
markets computer security and privacy software for one of the fastest
growing segments today – security “inside the firewall.”
These products enable companies to enforce security policies from a
single point of control across all Windows and NetWare platforms.
Citadel Technology software secures confidential information,
applications, and systems from unauthorized access, worms, and other
security vulnerabilities. The
products specifically enforce policies recently mandated by HIPAA and Gramm-Leach-Bliley
legislation for the health care and financial
industries. Citadel’s
clients include IBM Global Services, Merrill Lynch, the U.S. Navy and
several large health care companies. About CT HoldingsCT Holdings, Inc. (OTC BB: CITN) develops and
markets its Citadel Technology line of desktop and network security
software, and also acts as a developer of early stage companies, including
Parago and River Logic. For more information on CT Holdings, our
Internet holdings, and our Citadel Technology line of security software
products, please visit our Web site at www.ct-holdings.com.
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, 3811 Turtle Creek Blvd., Suite 770, Dallas, Texas
75219; phone: 214/520.9292; fax: 214/520.9293. Forward-Looking Statements: This news release contains forward-looking statements, which involve risks and uncertainties. Accordingly, no assurances can be given that the actual events and results will not be materially different that the anticipated results described in the forward-looking statements. Investors are also directed to consider carefully the other risks factors and uncertainties discussed in documents we file with the Securities and Exchange Commission, including our Quarterly Report on Form 10-QSB for the quarter ended March 31, 2001 and our Annual Report on Form 10-KSB for the year ended December 31, 2000. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statement made by us. These factors include the availability of capital to CT Holdings; Parago and River Logic; substantial dilution in the event CT Holdings determines not to fully participate in the Parago bridge loan participation in the event the additional payments are required; risks related to our software business line; the activities of new or existing competitors; the ability to attract and retain employees and strategic partners; general economic conditions; and litigation costs. The Company 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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