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Contact:
Steven B. Solomon Chairman and CEO CT Holdings, Inc. 214-520-9292
p 214-520-0034
f Sean
Dougherty
The MWW Group
(201) 507-9500 p
Citadel Technology Secure
PC Software Provides Defense Against New Virus Alert Identified Today That
Attacks Executable Files Software
Acts as First Line of Defense, Prevents Damage From Current, Future
Attacks Dallas, August 31, 2001 -- CT Holdings,
Inc., (OTCBB: CITN), which develops and markets the Citadel Technology™
line of network security and privacy software, provides the first line of
defense against Win32.Invalid.A@mm, a new virus identified today and
reported in InfoWorld.com. The virus, circulating in disguise as a
warning from Microsoft, encrypts executable files, rendering them
unusable. Citadel Technology’s SecurePC™ software
includes features that enable security administrators to harden system
files that prevent changes by anyone – or any program – without
authorization. A 30-day trial version of Secure PC is available for
download from http://www.citadel.com/. “Patches are re-active solutions to
today’s security threats,” said Steven B. Solomon, Chairman and CEO of CT
Holdings. “Our software takes
preventative measures by protecting system files and other features of the
operating system which in effect, stops this virus – or future variants
of this type -- from doing damage even if already inside the firewall.” The Code Red worm, which launched a similar
attack, did $2.4 billion worth of damage by August 20, according to
analysts at Computer Associates, almost of all it done after a patch was
made available. Ryan Russell, an analyst at business
security firm SecurityFocus.com in San Mateo, Calif. was quoted in
InfoWorld.com in today’s alert, saying the virus does pose a threat:
"I think it's just early in the cycle." “The increasing frequency of virus and
worm attacks and the escalating damage they cause demonstrates why it is
critical to have protection inside the firewall,” Solomon said.
“There was a patch out to fix Code Red long before most of the
infections took place, and even assuming security administrators have the
time and staff to install all patches promptly, at some point something
will get in. SecurePC makes sure that when it does, the system is
already protected.” 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.
Visit our Web site at www.citadel.com. About CT Holdings
CT
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, 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 than the anticipated
results described in the forward-looking statements. Investors are also
directed to consider carefully the other risk 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 June 30, 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 development of
new forms of computer viruses or worms that circumvent our software; 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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