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TheStreet Open House

ICG Chief Executive Officer, Walter Buckley, To Speak At Craig-Hallum Third Annual Alpha Select Conference On September 27, 2012

RADNOR, Pa., Sept. 26, 2012 (GLOBE NEWSWIRE) -- ICG Group, Inc. (Nasdaq:ICGE) ("ICG") today announced that it will present at the Craig-Hallum 3 rd Annual Alpha Select Conference held September 27 th in New York. ICG Chief Executive Officer, Walter Buckley, will present information on the Company's progress, strategy and value proposition to the financial community at 10:40 a.m. ET.

Although presentations at the conference are only open to Craig-Hallum Capital Group and its clients, ICG's presentation will be web cast and accessible for replay from the ICG website at www.icg.com by going to the investor relations tab and clicking presentations.

About ICG

ICG Group, Inc. (Nasdaq:ICGE) identifies, capitalizes and grows companies in the cloud-based software and services sectors. These companies transform the way business is done by enabling enterprises to increase efficiencies and improve and automate critical processes. ICG leverages its unique expertise to carefully identify companies based on their potential to become market-changers and market-leaders. ICG is focused on building profitable businesses in these sectors by infusing them with management expertise, strategic and operational guidance, as well as growth capital.

The ICG logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7794

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 the effect of economic conditions generally, capital spending by our partner companies' customers, our partner companies' ability to compete successfully against their respective competitors, our partner companies' ability to timely and effectively respond to technological developments, our ability to have continued access to capital and to deploy capital effectively and on acceptable terms, our ability to maximize value in connection with divestitures, our ability to retain key personnel, and other risks and uncertainties detailed in ICG's filings with the Securities and Exchange Commission. These and other factors may cause actual results to differ materially from those projected.

CONTACT: Investor inquiries:
         Karen Greene
         ICG
         Investor Relations
         610-727-6900
         IR@icg.com

ICG / Procurian

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