ICG Commerce Clients Recognized for Supply Management Excellence

ICG Commerce Executive Also Honored for Industry-Leading Innovation

PHILADELPHIA - Tuesday, May 08, 2007 - ICG Commerce, a leading procurement services provider,
 today announced that procurement leaders from two client companies, Myron Gramelspacher of 
Greif Inc. and Steven Lee of The Timken Company, have been named 2007 ‘Pros to Know’ by Supply
and Demand Chain Executive magazine. The publication also awarded the title to ICG Commerce’s 
Vice President of Operations, Steve Simko.  

The Practitioner Pros to Know is a listing of exceptional corporate executives at manufacturing 
and non-manufacturing enterprises who are driving the transformation initiatives and achieving 
the bottom-line successes that are helping Supply Chain earn recognition as a true strategic 
partner to the business. 

Myron Gramelspacher, Vice President, Global Logistics and Indirects at Greif, Inc. was 
recognized for his leadership of the company’s Global Sourcing and Supply Chain organization.  
Gramelspacher’s successful implementation of strategic sourcing initiatives established preferred 
supplier contracts, increased data visibility and provided the company significant cost savings.  

Steven Lee, General Manager, Global Indirect Purchasing at The Timken Company, was 
recognized for his strategic transformation of the company’s indirect materials and services 
procurement group.  Under Lee’s direction, indirect procurement has become a centralized 
organization, focusing its resources into global commodity management and outsourcing non-
core purchasing activities.  

Steve Simko, Vice President of Operations, ICG Commerce, was recognized for his development 
of innovative concepts such as customer Buying Centers, which apply quality and procedure 
improvements to transaction processes, ensuring seamless delivery of high-quality purchase-to-
pay services.  

“We congratulate Myron and Steve on being selected for this important industry award,” said Carl 
Guarino, CEO of ICG Commerce. “They consistently demonstrate a thorough understanding of 
current issues in supply chain management and excel in implementing progressive, strategic 
procurement solutions for their companies.  We’re also very pleased that our own Steve Simko 
was acknowledged for the valuable knowledge and experience he brings to our customers.” 


About ICG Commerce, Inc. 
ICG Commerce (www.icgcommerce.com) is the leading procurement outsourcing specialist 
delivering comprehensive source-to-pay as well as strategic sourcing services. Results-driven 
leaders access ICG Commerce’s experienced resources and market intelligence to better 
manage procurement and logistics spend, gaining significant savings and enhanced visibility and 
control.
 
ICG Commerce is a privately held company founded in 1992 and a member of Internet Capital 
Group's (Nasdaq: ICGE) network of partner companies.  The company has earned recognition 
from Forbes, Fortune, The International Association of Outsourcing Professionals (IAOP) and 
leading industry analysts for its leadership in procurement outsourcing.



Contact: 

Christen Melcher
ICG Commerce
484-690-5005
Cmelcher @ icgcommerce.com

Alexander Gordon
Sloane & Company
212-446-1897
agordon @ sloanepr.com