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                         Calton: Earnings News Release

                                                      FOR IMMEDIATE RELEASE
                                                      ---------------------
                                                      April 14, 2000


FOR FURTHER INFORMATION CONTACT:
--------------------------------
Anthony J. Caldarone
Chairman, President, and Chief Executive Officer
Calton, Inc.
(732) 212-1280
Financial news website: www.cfonews.com/cn

CALTON, INC. REPORTS FIRST QUARTER RESULTS
-------------------------------------------

Red Bank, New Jersey, April 14, 2000--Calton, Inc. (AMEX-CN), announced today
results for the first quarter ended February 29, 2000.

Anthony J. Caldarone, Chairman, President and Chief Executive Officer,
announced a net loss of $1.1 million ($.05 per basic and diluted share) for
the quarter ended February 29, 2000 compared to net income of $4.1 million
($.16 per basic share and $.15 per diluted share) for the quarter ended
February 28, 1999. Net income for the quarter ended February 28, 1999 was
comprised primarily of a $3.9 million gain from the sale of Calton Homes, Inc.

The first quarter loss was comprised of a $508,000 loss recognized on the sale
of securities available for sale and $555,000 from the Company's consolidated
operations including eCalton.com, Inc. and PrivilegeONE Networks, LLC.  

Revenues  of $1.1 million and $574,000 were recognized for the three months
ended February 29, 2000 and February 28, 1999, respectively. The current
quarter revenues include $325,000 from the consulting agreement with the
purchaser of Calton Homes, interest income of $.5 million and $228,000 of
revenues earned by eCalton. The prior year first quarter revenues did not
include eCalton since it was acquired in July 1999.

Selling, general and administrative costs for the three months ended February
29, 2000 were $1.5 million compared to $310,000 for the three months ended
February 28, 1999. These expenses increased significantly due to the start-up
operations of eCalton and PrivilegeONE in the amounts of $.5 million and $.3
million, respectively. Also included in selling, general and administrative
costs is $232,000 of costs related to proposed transactions that were
abandoned during the quarter ended February 29, 2000. 

The Company continues to evaluate potential acquisitions as part of its plan
to enhance shareholder value.  

CALTON, INC. (AMEX)
                                                      February 29, February 28,
Quarter ended:                                            2000         1999   
--------------                                        -----------  -----------
Income (loss) from continuing operations. . . . .     $(1,063,000) $   159,000
Income from the sale of Calton Homes, Inc., net .               -    3,886,000
Income from discontinued operations, net. . . . .               -       92,000
                                                      -----------  -----------
Net income (loss) . . . . . . . . . . . . . . . .     $(1,063,000) $ 4,137,000
                                                      ===========  ===========
Earnings per share
  Basic:
    Income (loss) from continuing operations. . .     $      (.05) $       .01
    Income from the sale of Calton Homes, Inc.,
            net . . . . . . . . . . . . . . . . .               -          .15
    Income from discontinued operations, net. . .               -            -
                                                      -----------  -----------
    Net income (loss) . . . . . . . . . . . . . .     $      (.05) $       .16
                                                      ===========  ===========

  Diluted:
    Income (loss) from continuing operations. . .     $      (.05) $       .01
    Income from the sale of Calton Homes, Inc.,
            net . . . . . . . . . . . . . . . . .               -          .14
    Income from discontinued operations, net. . .               -            -
                                                      -----------  -----------
    Net income (loss) . . . . . . . . . . . . . .     $      (.05) $       .15
                                                      ===========  ===========

Basic weighted average shares outstanding . . . .      21,534,000   25,855,000
Diluted weighted average shares outstanding . . .      21,534,000   27,599,000

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This press release contains or may contain forward looking information that is
subject to certain risks, trends, and uncertainties that could cause actual
results to differ materially from expected results. Among these risks, trends,
and uncertainties are matters related to national and local economic
conditions and the effect of governmental regulation on the Company.
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