Osceola County Economic Development Department announced today that Channel Intelligence, Inc., code named Project Link, will be expanding their facility located in Celebration, Fla. Channel Intelligence will be creating 420 new jobs with an average annual wage of $55,400, which is 200% of the Osceola County average annual wage. Channel Intelligence will also be making a capital investment of $33 million as a result of the 125,000 square feet expansion.

Channel Intelligence, an innovative technology company, is the leading provider of <a href="http://www.channelintelligence.com">commerce data interchange</a>, facilitating web-initiated shopping experiences, supporting marketing programs for the world’s best known manufacturing and retailing companies. Using its patented technology platform, Channel Intelligence relates and organizes chaotic product data to create and syndicate accurate, relevant selling information. The result is a seamless and enhanced customer buying experience, increased sales, cost reduction, and measurable channel effectiveness for manufacturers and retailers such as Best Buy, Panasonic, Neiman Marcus, Kodak, Circuit City, JVC, Spiegel and hundreds more.

Channel Intelligence was founded in 1999 by CEO, Robert S. Wight and Executive Vice President, Alan Fulmer. Channel Intelligence is a partner company of Internet Capital Group (Nasdaq: ICGE) and is headquartered in Celebration, Fla., with offices in Geneva, Switzerland and London, England.

“We’re excited by the future of our company and the growth that lies ahead,” states Wight. “It has always been a priority for me and the company to share our growth with the local community and economy. We look forward to many more years here in Osceola County.”

Wight was a 2004 finalist for the Ernst & Young Entrepreneur of the Year Florida Award, and has overseen the development of the products and services that has made Channel Intelligence a leading e-commerce technology provider.

“The creation of 420 high-wage jobs is exciting, especially during these challenging economic times,” said Commissioner Paul Owen. “Channel Intelligence is a leader in their field and a terrific example of why Osceola County is a great place to work and live.”

Published on: 12:00AM on 24th June 2008