RADNOR, Pa., Sept. 27, 2012 (GLOBE NEWSWIRE) -- ICG Group, Inc. (Nasdaq:ICGE) ("ICG") today announced that ICG President and Channel Intelligence (CI) CEO, Doug Alexander, will host a webinar presentation for the investment community on Tuesday, October 2, 2012 at 2:00 p.m. ET. On the webinar , Mr. Alexander will provide an update on recent CI progress and the value proposition CI delivers to its growing customer base of leading retailers and manufacturers. "We are excited for our investors to learn more about CI as we launch the first in a series of webinars designed to highlight the opportunities we see at our companies, as well as their unique value propositions to customers," said Walter Buckley, ICG's Chief Executive Officer. "The solutions they provide have become essential to the success of their customers, which translates into exciting opportunities for ICG and its stockholders." Mr. Alexander stated, "Having served as a CI board member for the last several years, and more recently as CEO, I have developed a deep appreciation for the power and potential of CI's technology and capability to transform the online performance of its customers. This is an exciting time to be at CI, and I'm looking forward to reporting on the company's progress as it continues to deliver strong results for its growing list of customers." To register for the webinar, please click on this registration link www.icg.com/investors/events-and-presentations/ . About Channel Intelligence Channel Intelligence helps marketers outperform online with its CI Boost services: Facebook Platform, Where-to-Buy, Product Search Engines and Shopping Engine solutions. Relied upon by companies such as Target, Philips, HP, Neiman Marcus, Best Buy and Kimberly-Clark, CI tracks nearly 15 percent of US transactions online and drives $2 billion in sales annually in referred sales online in computing products, home improvement products, appliances, consumer electronics, toys and a variety of other consumer packaged goods. CI is owned by ICG and Aweida Capital Management. Learn more at www.channelintelligence.com. About ICG ICG (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 the cloud-based software and services 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