To: Connor26 who wrote (84591 ) 2/25/2000 6:52:00 AM From: puborectalis Respond to of 120523
ALSO FROM RB THREAD>>>>>>>>>>> " Taking a Look at ICG's eCredit Deal Internet Capital's $450 investment in eCredit Thursday was almost entirely discounted by shareholders whose focus was primarily on the Company's Q4 earnings report. Surely the deal deserved more attention, especially if one realizes that ICG shelled out nearly a half billion dollars in stock to complete the alliance. The Company declared that their investment in eCredit was the largest to date. Critics have long panned Internet Capital for investing very little capital in their partner companies. But with ICG's earlier cash and stock investment of $180 Million in MetalSite and Thursday's eCredit deal, such critics will have to change the tune of their argument. With a warchest of over $1.4 Billion, Internet Capital has said it will be able to make such large investments. "Internet Capital Group was able to use equity to acquire significant stakes in these entities, showing our ability to leverage our currency and participate in later stage acquisition opportunities," said Ken Fox co-founder of ICG. Added co-founder and CEO Walter Buckley, "With our expanded capital base Internet Capital Group will now be able to aggressively pursue the balance of the top 50 global markets that we have identified." Should Internet Capital's investment in eCredit prove to be a winner, the Company's will experience gargantuan returns. Shareholders are aware of ICG's impressive past performance. ICG invests, say, $26 in Company A. ICG then builds then nourishes its new partner company via their proven management team and network. Finally, ICG bring the rejuvenated, renovated company public, where their $26 Million investment balloons to nearly $200 Million. Imagine what will happen to ICG's investment in eCredit should eCredit travel down the same path. And all of that isn't wishful thinking. Taking a quick glance at the eCredit, you can just taste Internet Capital's success to come. According to the eCredit's website, the company is a leader in the market for real-time credit field, financing and related services for e-business through the eCredit.com Global Financing Network. Add to their leadership a distinguished Management team. A partial list of eCredit's impressive list of customers include: Aristech Armstrong Beckman Bell South Yellow Pages Bingham Financial Services BP Amoco Cargill Chevron Cisco The CIT Group Commerx, Inc. (PlasticsNet.Com) Conoco Cooper Tire Dana EBurial.com EqualFooting Fidelity Fleet Leasing Corporation Genetech Gateway Hewlett-Packard HomePoint.com Intel Levi Strauss Mercedes-Benz Miadora Microsoft Procter & Gamble RedPost.com RR Donnelley Samsung TechData Technologynet.com Texaco Textron Weyerhaeuser "Both of these markets embody enormous revenue and profit potential," stated ICG co-founder Ken Fox in reference to the MetalSite and eCredit deals. If indeed Internet Capital's investment in MetalSite and eCredit blossom--as I suspect it will--so shall shareholder's pocketbooks. " ------