Hmmm, I guess I am not the only one that thinks ICGE has some good companies under their belt....not to mention, alot of stock in some pretty impresive companies as well......hmmm...may be time to add more ICGE under $2.....I think ICGE will not only survive, but provide excellent ROI from current level....Just my opinion of course.......
Internet Capital Group Partner Companies Garner High-Profile Industry Recognition
WAYNE, Pa.--(BUSINESS WIRE)--June 13, 2001-- Leading B2B e-Commerce Companies Gain Endorsement of Core Positions
Through Performance and Achievement Awards
Internet Capital Group (NASDAQ:ICGE), a leading business-to-business e-commerce company, today announced that several of its partner companies have been recognized for B2B e-commerce leadership and achievement by Forbes, Red Herring, Upside, Morgan Stanley and other influential industry sources.
These companies include AssetTrade, Blackboard, eCredit.com, Jamcracker, Logistics.com and other key ICG partner companies.
"ICG is focused on helping its key partner companies refine their strategy, enhance their product and service offerings, and deliver tangible value to an expanding customer base," said Walter W. Buckley, president and chief executive officer of ICG. "Recent industry acknowledgement of the business traction at these companies not only validates the effectiveness of our business strategy, but also affirms our conviction that these companies will emerge from the current market environment as leaders - delivering the products and services that help their customers increase efficiencies and reduce costs."
Some recent recognition of ICG partner companies includes:
Red Herring 100
Red Herring named integrated Web-based services provider Jamcracker and real-time credit and financing solutions provider eCredit.com to its prestigious Red Herring 100 for the second year running. The April 2001 Red Herring acknowledged the "50 private companies most likely to change the world" for their sustainability in a difficult economic environment. The magazine honors a company based on its "potential for disrupting its market, its execution of a sound strategy, the quality of its management, and, of course, its financial performance."
Also, Red Herring named in April, Sourceree, a London-based supply chain software company, as one of the top 10 to watch for the next Red Herring 100. Each year Red Herring selects 10 startups that it believes will make noteworthy progress in the coming year.
Upside Hot 100
Blackboard Inc., a leading e-Education software infrastructure company, received the sixth annual Upside Hot 100 award in the educational technology category. Upside determined the 100 hottest privately held technology companies for the June 2001 issue based on customer satisfaction, financial performance, industry alliances, technological accomplishments and management track records.
Forbes "Best of the Web"
The Forbes "Best of the Web" May 21, 2001 issue named ICG and several of its partner companies to the Best of B2B category, including: Agribuys for food and beverage, Arbinet-the exchange for telecommunications, AssetTrade.com for excess inventory and industrial equipment, BuyMedia and LinkShare for media and advertising, Citadon for construction and building, Collabria for printing and paper, eCredit.com for financial services, eMerge Interactive for agriculture, Commerx for chemicals, Emptoris for ASPs, VerticalNet for enablers, Logistics.com for transportation and logistics, Onvia.com for small business, RetailExchange for excess inventory and retailing, and USGift.com for retailing.
INTERNETWEEK 100: The Nation's Top E-Businesses
InternetWeek included Logistics.com and Commerx in its second annual selection of the nation's e-business leaders. The June InternetWeek 100 listing measured the e-business performance and results of the winning companies within 10 industries based on several categories, including customer-oriented activities, supplier/procurement activities, electronic marketplace involvement, integration of front- and back-end systems, revenue information, cost-cutting information and revenue, profitability, market share and customer/supplier service. Several Fortune 500 customers of ICG's partner companies were also named to the top e-business list.
INSTITUTIONAL INVESTOR ONLINE FINANCE 40
Institutional Investor Magazine selected Jim Morrissey, president and CEO of InvestorForce, for inclusion in this year's Online Finance 40. The second annual ranking by the publication, which was released in March 2001, represents the 40 most influential executives in the field of online financial services. InvestorForce is the pioneer of an online platform that enables pension plan sponsors and consultants to conduct investment manager searches online.
ASP News Top 20
ASPNews named Jamcracker, Inc. among its Top 20 for 2001. The distinguished list, which was released in April 2001, determines the world's leading ASPs according to whether a company is an ASP and/or web services provider as a core business, has a substantial and active customer base, has proven revenue streams, demonstrates innovation within its ASP and/or web services model, and garners peer leadership recognition.
iSOURCE BUSINESS TOP 100 E-PROCUREMENT PROVIDERS
iSource Business, a publication devoted exclusively to B2B e-procurement and supply chain enablement, named four ICG partner companies to its list of the Top 100 Premier E-Procurement Providers for 2001. It selected Commerx, eCredit.com and Emptoris based on their pioneering role in e-procurement, technological innovation, continued innovation, solid market positioning and industry transformation.
Robert D. Pashek Award
In May 2001, Pennsylvania State University presented Logistics.com's chief executive officer John Lanigan with the prestigious Robert D. Pashek Award at the R. Hadly Waters Logistics and Transportation Symposium. The award is given annually to a logistics executive who has made significant contributions to the practice and development of logistics and transportation. Logistics.com is a leader in transportation procurement and management technology.
MORGAN STANLEY
A Morgan Stanley research report from April 2001 showed that transport providers rate the Logistics.com OptiBid Network(TM) strategic procurement solution as superior to other leading procurement solutions. The study, which surveyed more than 40 leading trucking companies, focused on transport providers' preferred structure in responding to shippers' requests for quotes for annual transportation contracts.
In the report Logistics.com is consistently rated higher than other software companies and management consultants. Logistics.com led in the following categories: "Understanding the Carrier's Business," "Taking Conditional Bidding into Account," "Ease of Doing Business," "Providing Training and Tools to Respond Efficiently," "Accounting for Capacity to Cover High Volume Lanes," and "Completeness of Data Required for Bid Analysis." Logistics.com also received high ratings for "Accounting for Attributes other than Price" and "Fair Process."
AMR RESEARCH
Agribuys, a procurement exchange for produce, seafood, meat, dairy, poultry, flowers and ingredients, was cited as a leading trading exchange service in AMR Research's 2001 Survey of Top Exchanges for Industry Verticals. The report focused on leading exchanges for 10 industries and named Agribuys as the segment leader in the Perishables/Food category of retail exchanges.
The study found that top exchanges such as Agribuys distinguish themselves through their strategic approach within their industry supply chain. As vertically focused exchanges, they are also building liquidity by creating value for users.
About Internet Capital Group
Internet Capital Group (http://www.internetcapital.com) is an Internet company actively engaged in business-to-business e-commerce through a network of partner companies. The company's primary goal is to build companies that can obtain number one or number two positions in their respective markets by delivering software and services to help businesses increase efficiency and reduce costs.
It provides operational assistance, capital support, industry expertise, and a strategic network of business relationships intended to maximize the long-term market potential of more than 60 business-to-business e-commerce companies. Headquartered in Wayne, Pa., Internet Capital Group has offices in San Francisco, Boston and London.
CONTACT:
Internet Capital Group, Wayne
Media inquires:
Michelle Strykowski, 415/343-3753
mstrykowski@internetcapital.com
or
Investor inquiries:
Richard White, 610/230-4300
rwhite@internetcapital.com
KEYWORD: PENNSYLVANIA
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