ICG Commerce Wins Enterprise Award as Tops in Internet Achievement

Award caps a remarkable year of growth for the e-procurement services provider

PHILADELPHIA - Monday, November 13, 2000 - During a posh gala last Thursday night at the Philadelphia Convention 
Center, ICG Commerce was honored with the Enterprise Award for Internet Achievement, given to the company that has 
reached its business goals substantially as a result of creative and effective use of the Internet. Rick Berry, 
president and CEO of ICG Commerce, accepted the award, a golden statue sponsored by the Eastern Technology Council. 
Coincidentally, ICG Commerce was honored on its first birthday. 

"It's been a truly amazing year for ICG Commerce, our employees, and our customers," said Berry. "We are honored to 
be recognized by the Eastern Technology Council as a company that has excelled in leveraging the Internet as a tool to 
help customers improve the way they do business. I accept this award on behalf of our over 380 dedicated employees 
worldwide, whose dedication, commitment and ingenuity have enabled us to be a global leader in e-procurement." 

The ICG Commerce procurement solution delivers real savings to companies by lowering the hard unit costs of the 
goods and services that they purchase as well as the transaction costs associated with making these purchases. The 
savings that accrue to customers are derived from favorable pricing based on the aggregation of spend across the ICG 
Commerce global customer base, dedicated sourcing and supply chain expertise and a flexible Internet-based 
technology which streamlines and automates all transactions. 

ICG Commerce's selection for the award was based on a number of factors, including how the company creates and 
drives value for customers, impacts the overall market segment and leverages the Internet effectively. 

"The Enterprise Awards is, by far, the most widely attended, most competitive honor for leaders of technology 
companies in the Mid-Atlantic region," said Rob McCord, president and CEO of the Eastern Technology Council. "We 
are very pleased to honor ICG Commerce for its exciting growth and strong record of achievement over this past year." 

About ICG Commerce
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 and no software purchase or installation. 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. For more 
information, access the company's Web site at www.icgcommerce.com. 

Contacts: 

Karen Wilcox
For ICG Commerce 
(404) 880-5229 
karen_wilcox@cohnwolfe.com