ICG Commerce Grows Customer Base to 100, Promotes CEO and COO

Rick Berry Elected Chairman; Fred Festa Named President and CEO

PHILADELPHIA - Thursday, April 26, 2001 - Procurement services provider ICG Commerce today announced the 
promotion of Fred Festa to President and CEO. Founder Rick Berry was elected to Chairman of the board of directors, 
and will assume additional strategic responsibilities. As part of the management succession plan, Festa will also join 
the company's board of directors. ICG Commerce views these promotions as a reflection of the company's growth as it 
transitions from a successful entrepreneurial firm to a growing operational enterprise focused on service and 
operational excellence. 

Founded in 1991, ICG Commerce currently services more than 100 clients including Sara Lee - Europe, ALLTEL, 
Express Scripts, Crown Cork & Seal and Imperial Sugar, by delivering a full suite of procurement services that 
maximizes savings opportunities for all of its customers. ICG Commerce currently has 28 aggregated deals with 
leading suppliers. The company has continued to expand its suite of procurement services to include sourcing 
consulting, spot buying services, auctions and procurement outsourcing, as well as, a fully operational Exchange 
reflecting their aggregated deals with preferred suppliers. Well ahead of its financial plans, ICG Commerce has 
experienced tremendous growth with more than 500 purchasing experts on staff in the U.S., Europe and Asia. The 
company's growth has been marked by other key milestones, which include becoming a lead partner in establishing 
operations for the Transora Exchange and solidifying strategic partnerships with Ariba, Accenture, EDS, Unisys and 
CoreHarbor. 

"This has been an extraordinary year," said Rick Berry, the new Chairman of the Board for ICG Commerce. "And with 
a growing customer base, a strong financial position and Fred Festa at the helm, I expect the coming years to be even 
more exceptional."

Festa brings over 20 years of business leadership experience in the manufacturing and IT services industry to ICG 
Commerce. In his capacity as ICG Commerce's Chief Operating Officer for the past year, Festa was responsible for 
growing the company's day-to-day operations including the exchange business, strategic services, outsourcing 
management, technology operations and integration, and strategic sourcing services. Prior to joining ICG Commerce, 
Festa enjoyed a successful career at Allied Signal where he served as President of E-business; and Vice President and 
General Manager for the Performance Fibers business unit, with worldwide revenues in excess of $600 million. In 
previous years, Festa also served as Vice President of Finance for General Electric's Communications System group. 

Festa noted, "The future promises even more value for our customers as our model matures from an entrepreneurial 
success to a company of unmatched service leadership and operational distinction. We look forward to delivering our 
customers even greater levels of service and savings going forward." 

About ICG Commerce, Inc.
ICG Commerce is the world's first comprehensive online procurement services provider for businesses. Leveraging its 
wealth of supply chain management, purchasing and strategic sourcing expertise across multiple industry groups, ICG 
Commerce delivers comprehensive, tailored services built around a flexible, Internet-based platform that requires 
minimal start-up cost and time. ICG Commerce can effect the entire spectrum of purchasing strategies, including 
aggregated buys, portals and exchanges, hosted auctions, eRFQs/eRFPs, spot buys and catalog purchases. The 
company is uniquely positioned to help customers streamline all of their procurement decisions and processes and to 
effect substantial savings and efficiencies. ICG Commerce is a member of the Internet Capital Group (NASDAQ: 
ICGE) network of partner companies, and is based in Jenkintown, Pa. Its home page address is 
www.icgcommerce.com. 


*** Important notice related to ICG Commerce *** 
ICG Commerce is not in any way associated with ICG Communications. Further, while Internet Capital Group 
(NASDAQ: ICGE) is a holder of ICG Commerce stock and ICG Commerce is a member of the Internet Capital Group 
partner network, ICG Commerce and Internet Capital Group (sometimes referred to as ICG) are separate and distinct 
operating companies. 

For more information contact: 

- ICG Commerce
Manager, Corporate Marketing
877-935-ICGC [4242] 


Adam Paige - Cohn & Wolfe
Press Contact
212-798-9833 
adam_paige@nyc.cohnwolfe.com