Orlando, FL – August 20, 2007 – Channel Intelligence (CI), the leader in technology innovation for Web-initiated commerce, today announced that Michael Evanoff has joined the company as Senior Vice President and Chief Financial Officer.

“I am very pleased to announce the appointment of Michael Evanoff as Senior Vice President and Chief Financial Officer of Channel Intelligence,” said CEO Rob Wight. We anticipate that the strength he brings to CI through his broad financial experience and record of leadership in fast-growth expansions will be an important factor as CI continues to dominate its market and expand aggressively into new markets, both domestic and international.”

Evanoff commented, “Channel Intelligence is a world-class organization facing many exciting opportunities. I am honored to join the company’s leadership team and contribute my financial and operational experience in this arena. I look forward to working with CI to achieve its strategic goals.”

Evanoff brings more than 15 years of financial and operational leadership across the globe. Prior to joining Channel Intelligence, Michael held numerous financial leadership roles for Fortune 500 firms including Lincoln Financial Group, General Motors’ DirecTV Latin America subsidiary, and ExxonMobil. He holds a bachelors degree in business administration specializing in marketing and finance from Marquette University and an MBA in international business from Temple University.

About Channel Intelligence
Powered by the patented CommerceIQ™ technology platform, Channel Intelligence (CI) web-initiated commerce solutions make it easy for online shoppers to find and buy products whether they start at retailer sites, manufacturer sites, destination shopping sites, or mobile shopping applications. Using a series of robust data optimization techniques offered through the CommerceIQ platform, CI significantly improves the quality of product data and the placement of products on the Internet. Every day CI manages and syndicates millions of products valued at over $3 billion dollars through its three primary services – SellPath® Manufacturer Solutions, SellCast™ Retailer Solutions, and SellCore™ Publisher Solutions. CI customers include hundreds of the world’s best known brands including Best Buy, Black & Decker, Canon, Circuit City, Fujifilm, LG Electronics, Logitech, Mitsubishi, Neiman Marcus Group, OfficeMax, Olympus, Palm, Panasonic, PETCO, Skechers, SmartBargains.com, Spiegel, The Stanley Works, and Target. Channel Intelligence, a partner company of Internet Capital Group (NASDAQ: ICGE), is based in Orlando, Fla., with offices in Europe. http://www.channelintelligence.com

Contact:
Joy Lee
Channel Intelligence, Inc.
321-559-2336
joy.lee@channelintelligence.com

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Published on: 12:00AM on 22nd August 2007