ICG Commerce Brings Procurement Outsourcing Expertise to Habitat for Humanity Home Restoration Project

PHILADELPHIA, July 28, 2010 (GLOBE NEWSWIRE) -- In support of its commitment to the local community, ICG Commerce today announces a partnership with Habitat for Humanity of Montgomery County, PA, to provide funding and volunteers for the restoration of a local home that is currently lacking adequate plumbing, and has structural, electrical and other deficiencies. As the procurement outsourcing specialist, ICG Commerce will also leverage its market intelligence and category expertise to provide procurement support for the five regional Habitat for Humanity County Affiliates, increasing their ability to invest in the local community.    

"Our employees are excited to partner with Habitat to strengthen the communities in which we live and work," said Carl Guarino, CEO of ICG Commerce. "We are delighted to not only donate time and money to help a local family but also to apply our expertise to help Habitat expand its impact in the Philadelphia area and our local community. We look forward to continuing this new relationship with Habitat and working together in the future."

This opportunity will allow ICG Commerce to apply its experience helping companies reduce the costs of purchased good and services to help Habitat maximize the funds it has available to help the community improve and grow.   ICG Commerce provides a comprehensive approach to managing and controlling a company's non-core spend in areas such as logistics, marketing, IT, HR, MRO and travel. By bringing deep expertise and market intelligence, combined with an integrated approach to realize savings, ICG Commerce is driving a fundamental change in the way today's businesses achieve financial agility and fund growth. 

"Neighborhood revitalization relies on partnerships with other organizations to solve a variety of problems associated with foreclosed and abandoned properties throughout the country," said Brenda Egolf-Fox, executive director of Habitat for Humanity of Montgomery County, PA. "Working with ICG Commerce, Habitat affiliates and partner families, we can help entire neighborhoods once again become healthy and thriving communities."

About ICG Commerce, Inc.

ICG Commerce, the procurement outsourcing specialist, is driving a fundamental change in the way today's businesses achieve financial agility and fund growth. ICG Commerce is the only procurement outsourcing specialist with superior market intelligence integrated into an operational approach, resulting in hundreds of millions of dollars in realized savings. ICG Commerce is a privately held company and member of Internet Capital Group's (Nasdaq:ICGE) network of partner companies.

The ICG Commerce, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6920

About Habitat for Humanity

Habitat for Humanity (founded in 1976) is an International organization whose mission is to build simple affordable homes and empower hardworking, low income families to become homeowners by providing no interest mortgages to people from all walks of life, regardless religion, race, color, sex, sexual orientation, age, national or ethnic orientation or physical disability. Habitat has built more than 300,000 houses worldwide, providing simple, decent and affordable shelter for more than 1 million people. Habitat for Humanity Montgomery County was founded in 1989, and has built 47 homes in Montgomery County, housing 177 people, including 118 children.


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