2009-10-13 23:27:04 -

Internet Capital Group, Inc. (Nasdaq:ICGE) today announced it has filed shelf registration statements on Forms S-3 and S-4 with the U.S.
Securities and Exchange Commission. ICG does not have any immediate plans or current commitments to sell securities under either registration statement. The terms of any offerings under these shelf registrations will be determined at the time of the offerings.

“Although ICG does not have current plans to raise capital or to issue registered stock in connection with an acquisition, we believe it is prudent to have these shelf registrations in place, as they provide us greater financial flexibility in the event we identify strategic opportunities that may require additional capital,” said Walter Buckley, ICG’s Chairman and Chief Executive Officer.

If and when the shelf registration statement on Form S-3 is declared effective by the SEC, ICG may from time to time offer and sell up to $100 million of its common stock using various methods of distribution.
The net proceeds of any such offerings are expected to be used for general corporate purposes, which may include supplementing ICG’s working capital and/or funding acquisitions of interests in existing and new partner companies.

If and when the shelf registration statement on Form S-4 is declared effective by the SEC, the Company may from time to time offer and sell up to $50 million of its common stock in connection with exchange offers and/or business combination transactions. ICG does not expect to receive cash proceeds from the sale of common stock issued under the Form S-4.

ICG has filed registration statements (including prospectuses) with the SEC for the offerings to which this communication relates, but the registration statements have not yet become effective. The terms of any offering under either registration statement would be established at the time of the offering and as required would be described in a prospectus supplement filed with the SEC prior to the completion of the offering.

Securities described in these registration statements may not be sold, nor may offers to buy such securities be accepted, prior to the time the applicable registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of any such state.

Before you invest in ICG securities, you should read the prospectus in the applicable registration statement, any applicable prospectus supplement and other documents ICG has filed with the SEC for more complete information about ICG and any offering. A copy of the prospectus included in each registration statement may be obtained at no charge at the SEC’s website at www.sec.gov : .

In addition, when available, copies of the prospectus and any prospectus supplement relating to a particular offering may be obtained by contacting ICG’s Corporate Secretary at Internet Capital Group, Inc., 690 Lee Road, Suit 310, Wayne, Pennsylvania 19087, (610) 727-6900.


About Internet Capital Group

Internet Capital Group ( www.internetcapital.com : ) 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, which are delivering on-demand software and service applications to customers worldwide.

Safe Harbor Statement under Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not historical facts are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with whether the Company can identify future strategic opportunities and the terms of any transactions related to such opportunities, whether the shelf registration statements will provide greater financial flexibility, the uncertainty of future performance of our partner companies, acquisitions or dispositions of interests in partner companies, the effect of economic conditions generally, capital spending by customers, development of the e-commerce and information technology markets and uncertainties detailed in the Company’s filings with the U.S. Securities and Exchange Commission. These and other factors may cause actual results to differ materially from those projected.


Investor inquiries:Internet Capital Group, Inc.Karen

GreeneInvestor Relations610-727-6900 IR@internetcapital.com : mailto:IR@internetcapital.com