EBSCO PARTNERS WITH CT HOLDINGS TO PROVIDE CITADEL TECHNOLOGY SOFTWARE TO Worldwide CLIENT BASE

Leading Information Services Company to Make Citadel’s Security/Privacy Technology Available To 40,000 Accounts

Dallas – November 20, 2001 – CT Holdings, Inc. (OTCBB: CITN) today announced a partnership with EBSCO Information Services, the world’s largest global provider of subscriptions services, reference databases and online journals, to offer the Company’s security and privacy software products to EBSCO’s client base in the library and business community.

Through the agreement, Citadel’s SecurePC desktop standardization and file hardening software, Hercules vulnerability assessment and remediation tool and NetOFF automatic logoff programs will be available for trial through EBSCO’s customer web site. EBSCO’s online service, EBSCO host, exceeds 100 million page views per month and is used by more than 40,000 corporate, academic, biomedical, library, school and government accounts.

“Security and privacy are growing concerns of many of our accounts, which include major library and university systems, as well as corporate and biomedical companies,” said Tim Collins, division general manager of EBSCO Publishing. “We are working with Citadel because it is a proven leader and because the Company offers preventative security not found in other systems or firewalls.”

Citadel’s technology enables companies to remotely control desktop settings and prevent viruses from deleting key systems, as well as to automatically log off unattended terminals. These issues are critical in environments common to EBSCO clients, where users rotate continuously and any number of terminals might be connected to the network at any one time.

“The recent waves of worms and viruses attacking networked computers have created a broader demand for security software that EBSCO is helping its clients meet,” said Steven B. Solomon, chairman and CEO of CT Holdings. “By encouraging the use of our state-of-the-art computer security products, EBSCO is acting as a market leader should, not only helping to protect its users from attacks, but also insuring that it can reliably deliver its electronic products over the Internet.”

The key features of each product are:

SecurePC 4.5

Ø Remote standardized control of desktop settings to control unauthorized downloads or system setting adjustments that can compromise security

Ø Password protection for system files to prevent unauthorized changes either internally or externally

Ø Works in all Windows and NetWare environments

Hercules

Ø Allows systems administrators and security officers to select and deploy resolutions for vulnerabilities automatically

Ø Designed to run on Microsoft Windows 9x, ME, NT, 2000 and XP, with future support for Unix/Linux and wireless devices

Ø 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

NetOFF

Ø Automatically log off inactive users

Ø Customize logoff policies

Ø Automatic screen blocker

About EBSCO

EBSCO Information Services (www-us.ebsco.com/home/default.asp) offers integrated information management worldwide through subscription services, reference databases and online journals.

Since its founding as a door-to-door subscription sales company in the 1930s, EBSCO has grown into the world's largest subscription management agency with 31 offices in 21 countries and on six continents. EBSCO Subscription Services has more than 50 years experience helping libraries and organizations of all types obtain and manage serials through well-proven services and personal support staff. Title searching, ordering, claiming and collection development support are all part of an extensive range of services that assist librarians with managing diverse serial collections.

EBSCO Publishing is a leading developer and producer of electronic, full text reference databases for schools, academic libraries, public libraries, medical libraries and corporations. By providing practical information retrieval solutions using current technologies, the company has experienced tremendous growth in recent years.

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 Holdings

CT Holdings, Inc. (OTCBB: 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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