CT Holdings Reports Results for Period Ended December 31, 2000.

Business Editors

DALLAS--(BUSINESS WIRE)--April 12, 2001

CT Announces Parago's Record Revenues of $19.5 Million, and River

Logic's Closing of Strategic Financing and Record Revenues of $2.7

Million

CT Holdings, Inc. (Nasdaq:CITN) today announced its financial results for its ten month transition period ended December 31, 2000 and provided updates on its holdings, Parago and River Logic.

CT Holdings' revenues for the ten month transition period ended December 31, 2000 were $460,985, a decrease of 64.3% from software revenues of $1,292,250 for the fiscal year ended February 29, 2000. Revenues do not include any subsidiary revenue from CT Holdings' investments. The Company reported a net loss for the ten months ended December 31, 2000 of $8,125,258 (including approximately $1.2 million of Parago's losses), or $0.17 per share, compared to a net loss of $23,656,939, or $0.56 per share, for the fiscal year ended February 29, 2000, which included approximately $18.1 million of Parago's losses for that period. CT Holdings continues to hold 20,000,000 shares of Parago common stock.

"We continue to feel very positive about the businesses of our current holdings. We believe that Parago's client value proposition is compelling, its technology is being well received, and its client list continues to grow. Parago continues to expand its business model, rolling out its ValueRewards(SM) programs, recording record revenues of $19.5 million in 2000, and growing its client base, including an additional 16 new national accounts in the first quarter this year," commented Steven B. Solomon, President and Chief Executive Officer of CT Holdings.

Mr. Solomon continued, "River Logic's leading edge software solutions continue to be well received by its business clients, as evidenced by its recently announced strategic alliance with PricewaterhouseCoopers. River Logic also recorded revenues of $2.7 million for its first seven months of operations, and announced that it has received an investment from the Intel(R) 64 Fund, along with Cardinal Investment, CT Holdings, eMed Ventures, and Mercury Ventures."

Recent highlights for CT Holdings' business development projects include the following:

-- In Q3 and Q4 2000, Parago received an additional $15 million in venture
capital funds, through a sale of Series D Convertible Preferred Stock to two of
its existing venture capital investors.

-- Parago currently has approximately 290 employees. Parago recently hired a
new Executive Vice President of Sales, Steve Blum. Previously, Steve was Vice
President, The Americas, for Mentor Graphics Corporation, an electronic design
automation software firm with approximately $560 million in annual revenues,
where he managed 250 sales and support personnel.

-- Parago has continued to roll out its ValueRewards(SM) upsell/cross-sell
technology application. ValueRewards is now part of Parago's regular product
offering. Parago has begun to record revenues from this exciting application.

-- Parago is currently pursuing COPC certification for its operations and
customer service organizations (COPC is similar to Malcolm Baldridge's ISO 9000
but designed specifically for Parago's type of business). Parago believes that
COPC certification is a hallmark of a world class operation and is a
competitive advantage for those who obtain it.

-- In April 2001, River Logic, a leading provider of decision-support
technology, announced it received an investment from the Intel(R) 64 Fund.
Financial details were not disclosed. The Intel 64 Fund investment was made in
support of River Logic's commitment to port and tune its Enterprise
Optimizer(TM) software application to Intel's IA-64 platform, beginning with
the Itanium(TM) processor. Other investors contributing in this round of
funding include Cardinal Investment, CT Holdings, eMed Ventures, and Mercury
Ventures.

-- In January 2001, River Logic announced that it entered into a strategic
alliance with PricewaterhouseCoopers and Heads Up Systems (HUS) to jointly
develop and implement optimization solutions. The alliance was created to
better enable River Logic, PricewaterhouseCoopers, and HUS to directly address
the increasing challenges facing companies in optimizing performance to
maximize value for their stakeholders. River Logic, PricewaterhouseCoopers and
HUS will work with clients to identify areas where improved decision-making
will have the greatest impact on enterprise profit. The alliance combines the
three companies' complementary knowledge and expertise to develop, market,
implement, and support Enterprise Optimization Solutionality (EOS)(TM).

About CT Holdings

CT Holdings, Inc. (Nasdaq:CITN), is a developer of early stage companies, including Parago, Inc. and River Logic, Inc. For more information on CT Holdings, our holdings, and our Citadel Technology line of security software products, please visit our Web site at http://www.ct-holdings.com.

About Parago

Parago's patent-pending technology platform and processes represent an innovative approach designed to improve the promotional marketing industry. Parago provides a range of Internet-based customer relationship management products, PromoCenter, ValueRewards and KnowledgeCenter, that are created to increase sales, reduce costs, enhance customer retention for its clients, and improve loyalty. These products comprise Parago's Continuous Customer Interaction(SM) model, which helps retailers, manufacturers and service organizations reduce the cost of conducting promotions and drive incremental revenue by cross-selling and upselling new products and services. During the relationship management process, Parago captures fresh, accurate, and usable transaction and buyer demographic data that can be used by its clients to improve their promotional marketing programs. Parago maintains a web site at www.parago.com.

About River Logic

River Logic develops decision-support applications for industry. Using COR Technology(TM), a rapid-application development system, developers at River Logic create applications that enable industry professionals to model complex enterprises and explore financial relationships on a desktop computer or laptop. Embedded analytics allow end-users to understand the financial implications of critical business decisions easily by manipulating graphical icons that model their enterprise.

Headquartered in Beverly, Massachusetts, with offices in Atlanta, Austin, Dallas, and Portland, River Logic is a privately held corporation receiving venture capital support from Cardinal Investment, Inc., CT Holdings (Nasdaq:CITN), EBSCO CASIAS, eMed Ventures, the Intel 64 Fund, and Mercury Ventures. The company's solution incorporates several patented technologies and leverages research originally conducted at University of Massachusetts and the Russian Academy of Sciences.

To learn more about River Logic, visit www.riverlogic.com or call David Parnell, senior vice president, at 512/479-6918.

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. 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 Company's failure to remain in compliance with Nasdaq's minimum bid and other listing requirements, a decision by the Nasdaq Listing Qualifications Panel to delist the Company's common stock from the Nasdaq SmallCap Market, and, in the event of delisting, the failure of the Company to have its common stock traded on the OTC Bulletin Board, there may not be market makers for the shares of common stock and an active market may not continue to exist, the activities of new or existing competitors, the ability to attract and retain employees and strategic partners, application of state unclaimed property or escheat laws, the availability of capital on terms acceptable to the Company, general economic conditions, and litigation costs, as well as other risk factors. Investors are also encouraged to read the "Risk Factors" section of the Company's Annual Report on Form 10-KSB for the year ended February 29, 2000 and for the transition period ended December 31, 2001 to be filed, and the Company's Quarterly Report on Form 10-QSB for the quarter ended September 30, 2000, and the Company's other filings, which are on file with the Securities and Exchange Commission.

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.