Joy Lee
Channel Intelligence, Inc.

Karen Greene
Internet Capital Group, Inc.

Channel Intelligence Leverages Funding by Internet Capital Group to Focus on Innovation

ORLANDO – November 30, 2006 – Channel Intelligence (CI), a leader in technology innovation for Web-initiated commerce, today announced a financing of the company by Internet Capital Group, Inc. (Nasdaq: ICGE). CI seeks to drive greater advancements in innovative channel solutions and further strengthen its market position through the funding provided by ICG.

Internet Capital Group (ICG) provides financial resources and operational expertise to select partner companies that represent the future of business efficiency technology in on-demand Internet software and services. CI will leverage the financial resources and expertise provided by ICG to enhance its industry-leading SellCast™, SellCore™ and SellPath® e-commerce solutions, as well as grow market share through new and exciting product offerings in 2007.

“We are delighted to partner with ICG,” said Rob Wight, CEO and co-founder of Channel Intelligence. “We think ICG is an ideal fit for Channel Intelligence because of the tremendous expertise ICG has to offer. This financing will allow us to drive forward our strategy for innovation in the e-commerce marketplace to help retailers leverage profitable Web strategies through our SellCast product, enable manufacturers to streamline and improve their consumers’ product experiences through SellPath and allow shopping sites to provide their customers the most accurate, organized and up-to-date product information with SellCore.”

ICG acquired an approximately 40% interest, on a primary basis, in CI, purchasing $15 million of Series F Preferred Stock. ICG will designate two of five Channel Intelligence board seats.

“Channel Intelligence represents a valuable addition to the ICG network,” said Doug Alexander, Managing Director of Internet Capital Group. “With a Web-enabled platform that serves as a foundation for building and tracking effective marketing and merchandising strategies, a highly scalable solution that captures important transactional data and a large market opportunity, Channel Intelligence falls directly in the bull’s-eye of ICG’s acquisition thesis. We believe CI is well positioned to create long-term value for ICG and its stockholders.”

About Internet Capital Group
Internet Capital Group ( owns and builds Internet software companies that drive business productivity and reduce transaction costs between firms. Founded in 1996, ICG devotes its expertise and capital to maximizing the success of these platform companies that are delivering on-demand software and service applications to customers worldwide.

About Channel Intelligence
Based in Orlando, Florida, with offices in Geneva, Switzerland, Channel Intelligence is a leading provider of innovative data solutions that make it easy for online shoppers to find and buy products whether they start at retailer sites, manufacturer sites or destination shopping sites. CI’s patented optimization technology and data solutions currently manage and syndicate over $3 billion in product value to over 50 destinations every day. CI customers include nearly 200 of the best known retail and manufacturing brands such as Best Buy, Baby Universe, Black & Decker, Canon, Circuit City, Electronic Arts, eToys Direct, Fujifilm, HP Home and Home Office,, Idea Forest (, LG Electronics, Northern Tool + Equipment, Neiman Marcus Group, Olympus, Panasonic, PC Mall, PETCO, Smart Bargains, Target, The Inside Store and Things Remembered. For more information, visit the company’s website at


Published on: 12:00AM on 30th November 2006