ICG Commerce Premiers As the World's First Comprehensive Online Procurement Service

Former Key Executives from Allied Signal, Andersen Consulting, Coca-Cola, GE, KPMG and SAP Bring Expertise to Achieve Leadership in the Growing Global Business-to-Business Purchasing Market

PHILADELPHIA - Wednesday, March 08, 2000 - ICG Commerce announced today at the ICG B2B Investor Forum that it 
has created the world's first comprehensive online business-to-business procurement service with unprecedented 
capability to tap into the estimated $10 trillion worldwide procurement market, benefiting companies across all industries. 

ICG Commerce offers its customers unsurpassed supply chain and procurement expertise and management, flexible 
technology, and world-class customer service, all delivered via dedicated account management. Customers will realize 
significant cost-saving benefits from ICG Commerce's multitude of procurement strategies, from aggregated, super-
leveraged deals to buyer/seller auctions, requests for quotations, and spot buys. The ICG Commerce approach is 
characterized by minimal start-up costs and time, as its Web-based platform can be configured to customers' existing 
systems. 

"ICG Commerce has developed a top-quality service that provides cost and time-saving benefits to the companies 
spending trillions of dollars worldwide each year, both off and online, for the products and services they need to run 
their businesses," said Rick Berry, president, CEO and founder of ICG Commerce. "With an aggressive plan and 
dedicated team to address this tremendous business opportunity, ICG Commerce intends to become the leader in 
transacting the world's business purchases, starting in North America and quickly expanding to Asia, Europe and Latin 
America." 

In November 1999, Internet Capital Group (NASDAQ: ICGE), the leading business-to-business e-commerce company, 
acquired a majority stake in the strategic sourcing service founded by Berry, which was later renamed ICG Commerce. 

In order to provide its customers with the best products, services and pricing structures, ICG Commerce will partner 
with top vertical exchanges across all industries, suppliers and other companies, including those in Internet Capital 
Group's network. In fact, ICG Commerce has already partnered with several ICG business-to-business e-commerce 
companies and has agreements with more than 20 suppliers in place, including Office Depot, Standard Register, and 
Wesco Distribution. 

To execute its strategy, ICG Commerce has formed a top quality management team that includes executives formerly 
with leading companies such as Allied Signal, Anderson Consulting, Coca-Cola, GE, KPMG and SAP.

Together, they bring a deep level of understanding and expertise in strategic purchasing, supply chain management, 
sales, business development, operations, technology and marketing. 

This team is comprised of:

Rick Berry, CEO, President and Founder of ICG Commerce--brings extensive experience in procurement and supply 
chain management, most recently as the founder and head of Purchasing Group, Inc., a strategic sourcing consulting 
firm serving global 1000 companies. 
Keith Peterson, Senior Vice President of sales and business development--former Senior Vice President of sales for 
SAP North America. 
Rick Puckette, Senior Vice President and Chief Technology Officer--former senior partner for KPMG's technology 
practice. 
Phil Bell, Chief Financial Officer--former CFO of GE Power Systems Asia. 
Fred Festa, senior vice president of operations--former President of e-commerce at Allied Signal 
Paul Matthews, Senior Vice President of strategy development, formerly at Andersen Consulting in charge of their 
North American supply chain practice 
Frank Bifulco, Senior Vice President and Chief Marketing Officer, former Senior Vice President of marketing for 
Coca-Cola North America. 
Bill Schwartz, Vice President of human resources--former Vice President of human resources at SAP 
This management team is further advised by a board of directors that includes:

Robert Pollan, Chairman--managing director of ICG 
James Cash, outside Director--currently the James E. Robison Professor of Business Administration at the Harvard 
Business School 
Thomas Gerrity, outside Director--Professor of Management and Director of Wharton's E-Commerce Forum 
Daniel Burke, outside Director--former CEO of ABC/Cap Cities 
Skip Maner, Director & Vice President of ICG and COO of CapSpan 
"ICG Commerce's unique and comprehensive delivery of e-procurement is expected to revolutionize the way 
purchasing is done and will shift the manner in which buyers and sellers interact," said chairman Robert Pollan. "ICG 
Commerce stands out from all other participants in being the only fully-integrated and comprehensive e-procurement 
service. We will address the totality of our customers' purchasing needs, from assessment and strategic sourcing 
recommendations to transaction processing, fulfillment and billing to data collection and analysis for continuous 
improvement. We will also leverage our unsurpassed global reach across customers and suppliers."

By the end of April this year, ICG Commerce intends to have multi-year agreements in place to handle between $5-8 
billion annually in customer orders. Its revenues will be generated by a small transaction fee for all purchases that it 
manages, gaining new customers and increasing the depth and breadth of purchasing requirements that it satisfies for 
existing customers.

About ICG Commerce 
ICG Commerce is the world's first complete online procurement service for businesses, unmatched in purchasing and 
sourcing for any industry. ICG Commerce (www.icgcommerce.com) aggregates purchases across a worldwide 
customer base into volume orders, leveraging unrivaled purchasing power to provide customers with reduced costs for 
virtually all corporate procurement categories. Through ICG Commerce, customers will be offered a comprehensive, 
customizable service through a flexible, Web-based platform that requires minimal start-up cost and time and no 
software purchase or installation. With a seasoned management team from some of the world's leading companies, ICG 
Commerce is uniquely positioned to help its customers streamline all of their procurement decisions and processes. 
Based in Jenkintown, PA, ICG Commerce is majority-owned by Internet Capital Group (NASDAQ: ICGE) and is a 
member of the Internet Capital Group network.