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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
CT HOLDINGS CHAIRMAN STEVE
SOLOMON TO CHAIR COMMITTEE ON COMPUTER PRIVACY AND DATA SECURITY STANDARDS
Panel of Business Leaders
and Public Interest Groups will Establish Guidelines to Protect
Information for Corporations and Consumers Dallas,
September 24, 2001 – Steven B. Solomon, Chairman and CEO of CT Holdings,
Inc., (OTCBB: CITN), which develops and markets the Citadel Technology™
line of network security and privacy software, announced today that he
will chair the Committee on Computer Privacy and Data Security Standards.
The new Committee will bring together business leaders and public interest
groups to establish guidelines and formulate standards covering computer
privacy and data security. It follows the work of The Privacy
Roundtable, convened earlier this year by the Attorney General of Texas,
John Cornyn, which drafted a voluntary code of conduct covering privacy
best practices and addressing consumer’s privacy and security concerns. “The
privacy and security of computers and the Internet are critical for all
Americans, and we are proud to be following the lead of Attorney General
Cornyn in developing real solutions to these issues,” said Steven B.
Solomon. “The Privacy Roundtable was a groundbreaking initiative,
comprising a distinguished group of experts from all sectors who are at
the forefront of creating comprehensive privacy and security protections
that will ensure the confidentiality of information. The Committee
on Computer Privacy and Data Security Standards will take the next step to
create the standards and certification procedures pertaining to privacy
and data security for companies in a wide range of industries. At
Citadel Technology, we address these issues, which include securing
confidential information, applications, and systems from unauthorized
access, worms, and other security vulnerabilities, every day.” The
Privacy Roundtable established baseline privacy measures that responsible
businesses should enact and enforce. Specifically, the code of
conduct covers: Adoption and Implementation of a Privacy Policy; Notice
and Disclosure; Choice and Consent; Third Party Disclosure; Data Security;
Data Quality and Access; Self-Regulation; Legal Obligations; Education and
Outreach; and Privacy Enabling Technology Tools. In addition
to CT Holdings, businesses represented in The Privacy Roundtable included
some of the largest technology companies in their sectors, selected by the
Attorney General’s office for their market leadership and prominence.
Some of the best-known consumer advocates also participated. Solomon
expects that the new panel will include companies from the financial
services and healthcare sectors as well. The
Committee on Computer Privacy and Data Security Standards will be a
private sector initiative whose goal is to establish nationally recognized
requirements for computer privacy and data security as well as to create a
seal of approval for businesses meeting the set standards. It will
work in conjunction with attorneys general and comprise many of the same
corporations and public interest groups involved in The Privacy
Roundtable. “The
idea of The Privacy Roundtable was to create a forum to serve as advocates
for the adoption of sensible and practical privacy and security guidelines
to protect the public,” stated Attorney General John Cornyn.
“With the Committee on Computer Privacy and Data Security Standards,
Steve Solomon is helping us move forward with this important mission.
I look forward to working with him and business leaders from across the
country to help protect personal and corporate privacy as well as data
security.” “CT
Holding’s Citadel Technology software is assisting companies in
implementing privacy and data security policies. We are also
committed to working with government officials, business leaders and
public interest groups to develop uniform standards pertaining to these
issues,” added Solomon. “In the coming weeks, we will be
announcing the corporate leaders and consumer advocates who will be
joining us on the Committee.” 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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