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Technology Stocks : Internet Capital Group Inc. (ICGE)

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From: bob zagorin	3/30/2006 4:10:00 PM
	of 4187

Windstone Capital Partners Inc. Completes $13 Million Vcommerce Corp. Financing with Internet Capital Group Thursday March 30, 2:55 pm ET PHOENIX--(BUSINESS WIRE)--March 30, 2006--Windstone Capital Partners Inc. today announced it has completed its $13.0 million equity financing for Vcommerce Corp. The financing was provided by Internet Capital Group (NASDAQ: ICGE - News) and Windstone was the lead financial advisor responsible for bringing ICG to Vcommerce Corp. ADVERTISEMENT Windstone Senior Partner, Kevin R. Loud, stated, "Working closely with Vcommerce management, Windstone went to the capital markets and was able to interest a number of venture funds in Vcommerce. Most of the funds had never invested in an Arizona-based company and had little knowledge of Vcommerce. As a result of these efforts Vcommerce received numerous offers for funding. After extensive analysis and negotiations, the company selected Internet Capital Group. This deal was closed because of Vcommerce's skilled management team and their ever-growing Fortune 500 client list." Founder and CEO of Windstone, Norman E. Clarke, further stated, "This transaction is one of the largest venture capital financings in the Phoenix area in recent years. We are pleased to have been the exclusive lead advisor on this transaction." Vcommerce provides e-commerce software solutions enabling online retailers in running their Internet-based retail business. Vcommerce's clients include E-Toys, Target (NYSE: TGT - News), Sony (NYSE: SNE - News) and Overstock.com. Windstone Capital (www.wcp.cc) is a Scottsdale-based merchant banking and advisory firm specializing in technology-based venture capital financing. The firm's services include venture capital and private equity syndication for early and mid-sized companies nationally and in the Southwest. Windstone Capital was established in 2002 and has completed over $100 million in transactions since that time.

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