CORPORATE FINANCIALS ONLINE Fastest direct links to news from publicly-traded companies.

                 Calton: Calton, Inc. Announces Strategic Plan



                                                        FOR IMMEDIATE RELEASE
                                                        ---------------------  
                                                        April 17, 2000


FOR FURTHER INFORMATION CONTACT:
--------------------------------
Anthony J. Caldarone
Chairman, President and Chief Executive Officer
Calton, Inc.
(732) 212-1280
Company website: www.caltoninc.com

Calton, Inc. Announces Strategic Plan
-------------------------------------
        Red Bank, New Jersey, April 17, 2000 - Calton, Inc. (AMEX-CN) announced
today that its strategic plan will focus on acquiring controlling interests in 
information technology companies.  Anthony J. Caldarone, Chairman, President 
and Chief Executive Officer of the Company stated, "Since the sale of our 
homebuilding operations at the end of 1998, we have been analyzing potential 
acquisitions and other business opportunities with a view toward enhancing 
shareholder value.  After reviewing and considering various alternatives, we 
have determined to focus on the information technology industry, including 
Internet and e-commerce companies.  We believe that combining our capital, 
management and acquisition strategy with promising companies will create a 
stimulating environment for the growth of potential partner entities."
        
        To help achieve its objectives, the Company, since the sale of its 
homebuilding operations, has:

        --Acquired iAW, Inc., an Internet business solutions provider which
          has been renamed eCalton.com, Inc., as a platform to establish a
          presence in the Internet and e-business industries

        --Acquired a 50.4% interest in PrivilegeONE Networks, a company
          recently formed to develop a co-branded loyalty credit card program
          with Internet applications

        --Through an equity acquisition, established a strategic relationship
          with CorVu Corporation, a business to business performance
          measurement software company

        --Added Kenneth D. Hill and Robert E. Naughton, each of whom has
          extensive experience in the information technology industry, as
          directors of the Company

        --Expanded its management through the addition of three new officers, 
          including a Vice President of Acquisitions, a Financial Analyst and
          a Senior Vice President of Accounting with prior experience in
          e-commerce

        --Has been actively reviewing business plans and meeting with        
          representatives of potential acquisition candidates and strategic
          partners

        --Repurchased Calton stock pursuant to its stock repurchase program at 
          prices below book value, thereby increasing the book value per share
          of the shares that remain outstanding
        
        "We currently have approximately $35 million of liquid assets which
can be used to pursue our strategic plan," said Mr. Caldarone.  "Being a
public company with significant capital provides us with unique opportunities
to acquire target companies with cash and/or stock and to access the public 
markets for additional capital, if necessary.  As part of our strategic plan, 
we plan to explore the establishment of public shell companies to facilitate 
strategic acquisitions/spin-offs, as well as the formation of strategic 
alliances with investment management, venture capital and investment banking 
firms to increase potential acquisition and other business opportunities.  We 
believe that these types of alliances can cultivate deal flow and broaden 
available opportunities.  In some instances, we may seek to participate with 
other investors in acquisitions.  After careful review of the opportunities 
available to us, we believe that shareholder value can best be enhanced
through the continued pursuit of our strategic plan, rather than a liquidating 
distribution to shareholders."

        Mr. Caldarone added that the Company intends to continue to expand the 
operations of eCalton through internal growth and potential acquisitions of 
complementary businesses.

        Additional information regarding Calton's strategic plan and other 
information concerning the Company is available at the Company's website:  
www.caltoninc.com.

-------------------------------------------------------------------------------
Certain information included in this release and Company filings
(collectively, the "SEC filings") under the Securities Act of 1933, as amended,
and the Securities Exchange Act of 1934, as amended (as well as information 
communicated orally or in writing between the dates of such SEC filings) 
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 relating to national and local economic conditions, potential 
adverse effects of acquisitions, the ability of the Company to identify 
suitable acquisition candidates and the effect of government regulation on the 
Company.
-------------------------------------------------------------------------------
                                       ###
  







Ends.