UPSIDE Magazine Names ICG Commerce Among 2002 Hot 100 Private Companies

Coveted UPSIDE Hot 100 Award Recognizes Innovation, Leadership and Performance

PHILADELPHIA - Tuesday, June 04, 2002 - UPSIDE Magazine announced last week that ICG Commerce has been 
selected to receive the 2002 Hot 100 Award, UPSIDE's annual award recognizing excellence and innovation among the 
hottest technology industry companies. UPSIDE will publish the Hot 100 Award winners in its June 2002 issue and will 
unveil the winners online at UPSIDE.com. 

The 2002 UPSIDE Hot 100 were selected by a team of UPSIDE editors, venture capitalists, financial analysts, market 
researchers and other industry luminaries who evaluated more than 400 nominations. The UPSIDE Hot 100 Award is 
judged on a company's technological achievements, customer acceptance of products or services, financial 
performance, industry partnerships, financial backing, management savvy and marketing. 

As a leading Procurement Services Provider, ICG Commerce has grown to become a major force by offering best-in-
class tools and technology combined with deep sourcing expertise. ICG Commerce helps its customers achieve 
significant total cost savings on purchased goods and services by providing solutions to address each step of the 
procurement process. From assessing and identifying savings opportunities to connecting and enabling buyers and 
suppliers to managing ongoing supplier performance and change management, ICG Commerce provides the solutions 
that drive optimal results. ICG Commerce has delivered an average savings of 5-15 percent for its more than 150 
customers while propelling the company to record growth in 2001. 

"We evaluated hundreds of great companies that spanned a broad range of technology market segments, and we are 
pleased to recognize ICG Commerce as one of this year's winners," said Jerry Borrell, editor-in-chief of UPSIDE 
Magazine. "Over the seven years of its existence, this award has consistently recognized companies that have become 
the hallmark of excellence in technology, achieving successful IPOs, or merging with other companies. We expect big 
things from this year's winners and look forward to following ICG Commerce's success." 

During the early part of 2002, ICG Commerce has continued its strong momentum by bringing additional customers on 
board, expanding relationships with several existing customers and enhancing its offering to deliver an even greater 
realization of savings. 


"We are pleased to be included among this year's Hot 100," said Bill Toler, president of North American Operations for 
ICG Commerce. "Like UPSIDE, we measure our own success with similar criteria in that we continuously search for 
ways to provide the highest standards of excellence in service and technology that deliver significant, measurable value 
to our customers. We view these as keys to our continued success going forward." 

About ICG Commerce, Inc. 
ICG Commerce (www.icgcommerce.com) is the leading Procurement Service Provider for Global 2000 companies. 
Leveraging its wealth of purchasing and sourcing expertise and flexible technology, ICG Commerce delivers tailored 
services for the procurement of direct and indirect goods. The company is uniquely positioned to deliver substantial 
hard-dollar procurement savings. ICG Commerce Inc., a privately held company founded in 1992, is a member of 
Internet Capital Group's (NASDAQ: ICGE) network of partner companies. 


ICG Commerce
877-935-ICGC [4242]