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Contact:
Steven B. Solomon Chairman and CEO CT Holdings, Inc. 214-520-9292
p 214-520-0034
f Rich Tauberman
The MWW Group
(201) 507-9500 p
CT HOLDINGS’ CITADEL TECHNOLOGY ANNOUNCES FIRST SOLUTION TO MANAGE COMPUTER VULNERABILITY AND REMEDIATION Hercules To Reduce Security Risk and Improve Operating Efficiencies Through Automated Vulnerability Remediation Software DALLAS, TX – September
20, 2001 – CT Holdings, Inc. (OTCBB: CITN), which develops and markets
the Citadel Technology™ line of network security and privacy software,
today announced the first software solution to provide both real time
network security vulnerability assessments and remediation capabilities
for corporate and government environments, codename Hercules.
Hercules is the only solution that will automatically identify and
deploy the appropriate patches and fixes, repair the problem, and secure
the environment. A
beta version of Hercules is targeted for release in October 2001. This solution aggregates vulnerability information from key resources
throughout the Internet and provides customers with real-time remediation
updates, allowing system administrators and security officers to quickly
select and deploy resolutions for the vulnerabilities that are found.
The software will save significant IT labor and management
resources that were previously needed to examine each computer and apply
the necessary fix manually. “Computer security is of paramount concern for businesses today.
Citadel’s Hercules software will give security administrators,
for the first time, the ability to centrally manage and correct
vulnerabilities automatically,” said Steven B. Solomon, Chairman and CEO
of CT Holdings. “This
software will provide greater security for corporate and government
networks, reducing IT costs and decreasing corporate liabilities, as well
as ensuring that systems are operating more efficiently.” Last year, billions of dollars were spent on vulnerability scanning and repair in an attempt to keep systems protected and current. This number is growing exponentially as more and more corporations recognize their security exposure and work to minimize security risks. The Security Focus vulnerability database statistics revealed that during 2000 alone, 650 new operating systems vulnerabilities were discovered. Of these vulnerabilities, 126 were found in Windows 2000/NT and 46 were found in Windows 9x platforms. Along with those vulnerabilities introduced through external sources, major security exposures are also being introduced “inside the firewall” by users tampering with desktop configurations, downloading applications and accessing unauthorized applications and information. Capabilities
of the Hercules software include: ·
Allows the systems administrators and security officers to select and
deploy resolutions for vulnerabilities automatically. ·
Automated system allows remediation to be scheduled during non-peak hours. ·
Provides full reporting on status of the deployment process. ·
Integrates with leading vulnerability scanning solutions. ·
Designed to run on Microsoft Windows 9x, ME, NT, 2000 and XP, with future
support for Unix/Linux and wireless devices. ·
Supported by the Hercules Server, which coordinates the real-time receipt
of updated vulnerability information from Citadel and provides
a centralized repository for deploying selected vulnerability resolutions
to the targeted host computers. “Citadel Technology is committed to providing corporations with the
ability to secure their computing resources,” added Solomon.
“Hercules is just the latest example of our groundbreaking
software solutions. We are
focused beyond just the security and privacy issues of today and with
tools like this we are providing real-time updates and fixes to software
licensees, so the system is never out-of-date or unable to respond to
emerging security risks.” 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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