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Internet Capital Group Achieves Compliance with Nasdaq SmallCap Listing Requirements

WAYNE, Pa.--(BUSINESS WIRE)--June 2, 2004--Internet Capital Group, Inc. (Nasdaq:ICGED; "ICG") announced today that Nasdaq has deemed ICG to be in full compliance with the SmallCap Market listing standards. internet marketing promotion
Since the reverse split on May 7, 2004, the closing bid price of ICG's common stock has been at $1.00 per share or greater for at least ten consecutive trading days. As such, the Company received a determination from the Nasdaq Listing Qualifications Panel stating that the Company has regained compliance with the minimum $1.00 closing bid price per share requirement and this matter is now closed. guide internet marketing

known Internet brands such as Yahoo!, Google, and PayPal. Outside of the Internet space, Sequoia was also a key venture investor in the early stages of Cisco, Apple, and Oracle. The companies funded by Sequoia Capital now account for about 10 percent of the value of NASDAQ. www.sequoiacap.com

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"We are very pleased with the Nasdaq notification and the fact that ICG is now fully compliant with all listing requirements," said Walter Buckley, chairman and CEO of Internet Capital Group. "This is another indicator of the progress we have made in positioning the company for future success."

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About Internet Capital Group

- It's official; the Internet is the most popular place for consumers to book travel! This is according to a recent PhoCusWright study whose analysis shows 2007 will be the first time transactions on the Internet will account for more than half (54 percent) of all U.S. travel bookings. According to a separate PhoCusWright study, one of the key competitive areas for the online travel industry is in the groups and meetings market, which they say will represent $175 billion by 2008. based, Groople.com.

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Internet Capital Group is an e-business applications holding company that builds and owns software and services businesses that leverage the Internet to help organizations operate more productively. Founded in 1996, ICG devotes its expertise and capital to maximizing the success of e-business companies that take advantage of the evolution to the Internet in key business sectors. agency internet marketing
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Safe Harbor Statement under Private Securities Litigation Reform Act of 1995 expert internet marketing
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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 uncertainty of future performance of our partner companies, acquisitions or dispositions of interests in additional partner companies, debt obligations, additional financing requirements, the effect of economic conditions generally and in the e-commerce and information technology markets specifically, and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. These and other factors may cause actual results to differ materially from those projected. conference internet marketing
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Contacts hotel internet marketing
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Internet Capital Group affiliate business internet
Karen Greene, 610-727-6900
IR@internetcapital.com