ICG Commerce Lands Three Local Companies for e-Procurement Services

Jenkintown-Based Company Will Deliver Real Savings to Enhance Bottom Line Results

PHILADELPHIA - Wednesday, June 21, 2000 - ICG Commerce announced today that it will provide its comprehensive 
online procurement services to three Philadelphia-area companies. The three companies, leaders in a variety of industries 
ranging from chocolate manufacturing, to healthcare, to energy services, are projected to save between 10 and 15 percent 
of their total procurement costs with the ICG Commerce solution. 

Blommer Chocolate, Conectiv and Meridian Health System all plan to implement ICG Commerce's proven Internet-
based technology and end-to-end procurement services to realize unit cost savings on all of their purchases and to 
increase operational efficiency. "ICG Commerce takes great pride in the fact that our solution has such broad appeal 
and functionality that it can be applied to diverse corporations," said Rick Berry, president and CEO of ICG 
Commerce. "We're thrilled to have the opportunity to assist them in their quest to revolutionize the way that they 
conduct business in order to improve their bottom line." 

Blommer Chocolate Company of East Greenville, Pa., is a family-owned private business and the leading North 
American processor of cocoa beans and chocolate products. Blommer Chocolate will use ICG Commerce's Web-based 
shopping tools to achieve substantial cost savings through negotiated high-volume agreements with global suppliers. 
Implementation has already begun at two of Blommer Chocolate's three company locations, and the third location will 
begin implementation shortly. 

"We're excited about being able to utilize ICG Commerce's extensive network of suppliers to manage our costs for the 
wide variety of goods and services we require," said Peter Blommer, vice president of Blommer Chocolate. "This 
service will be a big competitive advantage for us." 

As a diversified energy company with over 1.3 million customers in the mid-Atlantic region, Conectiv (NYSE: CIV) 
realizes the need to leverage the benefits of improved technology-enabled procurement. 

Conectiv is a growing business in a very competitive environment, where keeping costs low and streamlining processes 
are critical to success. " With ICG Commerce's services, Conectiv will be able to implement a cost-efficient 
procurement system for office supplies with little overhead and ramp-up time and realize bottom-line savings very 
quickly," said Tamara Steele, Strategic Relationship Manager of Conectiv. 

Meridian Health System of Wall, NJ, is a fully integrated healthcare delivery system in the central part of the state that 
provides services at its three hospitals and a wide range of post acute care services in Monmouth and Ocean Counties. 
Meridian is a leader in the region and the state, providing services from open-heart surgery and regional trauma 
services to long-term care and home care patients at more than 70 locations. ICG Commerce will manage the 
company's e-procurement program for supplies and equipment and explore additional opportunities to reduce overall 
corporate spend. Meridian is also functioning as a beta site for ICG Commerce's healthcare-specific offering. 

"Being the beta site for ICG Commerce's healthcare procurement program places us at the forefront of procurement 
technology in our industry. We see this as a major differentiator, enabling us to pass on these cost reductions to our 
patients," said John Lloyd, president of Meridian Health System. 

About ICG Commerce
ICG Commerce is the world's first comprehensive online procurement service provider for businesses, unmatched in 
supply chain management, purchasing and strategic sourcing for any industry. The company delivers to customers 
complete, tailored services built around a flexible, Internet-based platform that requires minimal start-up cost and time 
and no software purchase or installation. ICG Commerce can affect the entire spectrum of purchasing strategies, 
including aggregated buys, portals and exchanges, hosted auctions, eRFQs/eRFPs, spot buys and catalog purchases. As 
such, 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. For more information, access the 
company's Web site at www.icgcommerce.com. 



Press Contacts 

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