SOURCE: Cyclodextrin Technologies Development, Inc.

Cyclodextrin Technologies Development, Inc.

April 27, 2011 14:28 ET

New Independent Accounting Firm Positions CTD Holdings, Inc. for Continued Growth

HIGH SPRINGS, FL--(Marketwire - Apr 27, 2011) - CTD Holdings, Inc. (OTCQB: CTDH) (OTCBB: CTDH) (the "Company") announced today that Averett, Warmus, Durkee, Osburn, & Henning, P.A. ("AWDOH") of Orlando, FL has been engaged as the Company's independent accounting firm for the fiscal year ending December 31, 2011 (full details can be found in the Form 8-K filed with the SEC). With more than 100 professionals on staff AWDOH is well positioned to support CTD Holdings, Inc. in its current audit and SEC filing activities. It is also large enough to expand services to support the Company as it expands its operations.

"We are grateful for the fine service that Baumann, Reynaldo & Co., P.A. has provided to the Company in past years," commented company Chairman & CEO, C.E. "Rick" Strattan. "Engaging Averett, Warmus, Durkee is a move to position us strategically with access to the services we will need to support our growth going forward."

"We continue moving forward, establishing expanded manufacturing capacity in our NanoSonic Products, Inc. division," stated NanoSonic President & CEO, Dr. Jeffrey Tate. "The demands on our independent auditing firm will increase with the growing complexity of our operations. I am delighted to have engaged such a highly respected firm."

CTD Holdings, Inc. draws on top professional service providers to support its aggressive growth strategy. James Moore & Co., P.L. provides bookkeeping, accounting and consulting services. Edwards, Angel, Palmer & Dodge, LLP provides legal services and corporate counsel. Averett, Warmus, Durkee, Osburn, & Henning, P.A. provides accounting and auditing services. SunState FCU provides banking and financial services to the Company.

Safe Harbor Statement: This news release contains "forward-looking statements" about the Company's anticipated growth. You are cautioned that such statements are subject to risks and uncertainties and that could cause actual results to differ materially from those projected in the forward-looking statements, such as the Company's ability to obtain additional capital to expand operations as planned. The above forward-looking statements are made as of the date above; CTD Holdings, Inc. accepts no specific responsibility for updating such statements.

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