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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Larry Zenith who wrote (1385)	3/7/2000 9:36:00 AM
From: Mohan Marette	Read Replies (1) of 4187

Gerber Scientific in joint venture with ICGE -Targets $375 bil global market Gerber Scientific Announces Plans to Form Apparel B2B Venture With Internet Capital Group's Animated Images - Venture Targets Global Market of $375 Billion - SOUTH WINDSOR, Conn., March 7 /PRNewswire/ -- Gerber Scientific (NYSE: GRB - news) announced today it has signed a letter of intent with Internet Capital Group Inc. (Nasdaq: ICGE - news) to form a new venture in the online apparel industry. The transaction is expected to close within 30 days. The planned venture will build and operate a global business-to-business (B2B) e-commerce site for designing, sourcing, and manufacturing apparel and sewn goods. The open Web-based B2B marketplace is intended to connect all segments of the apparel manufacturing and distribution chain, from fiber through to retail, facilitating e-commerce transactions in a secure linked environment. The new venture will also include Animated Images (AI), a software provider to the apparel industry in which ICG currently owns an interest. biz.yahoo.com

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