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Internet Capital Group Announces Partner Company IPO

Internet Capital Group Announces Partner Company IPO

WAYNE, Pa.--(BUSINESS WIRE)--June 21, 2004--Internet Capital Group, Inc. (Nasdaq:ICGE; "ICG") announced today the initial public offering of its partner company, Blackboard, Inc., which began trading on the NASDAQ National Market on Friday, June 18, 2004 under the ticker symbol "BBBB". internet marketing toronto
ICG owns 2,923,777 shares of Blackboard common stock. Based on Blackboard's closing price of $20.01 per share on its first trading day, our shares in Blackboard were worth $58.5 million. Additionally, ICG owns 115,384 common stock warrants at a strike price of $6.93 per share. ICG's Blackboard shares will be carried at market value in our balance sheet with such value, and subsequent changes in value, recorded as a component of stockholders' equity.

March 23, 1998 witnessed a milestone. 1&1's parent company, United Internet, became one of the first web companies to go public. IPO proceeds of around $60 million were used to finance further growth and develop 1&1 into a group of Internet companies. By buying into the highly respected internet provider Schlund+Partner in 1998, 1&1 brought their unique marketing talent and abundant technological experience together with one of Europe's most powerful and secure data centers.

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The secondary ticket market was smack in the middle of all of that. It came of age just as the bloom was off the Internet rose, - few of which have any venture capital or angel funding at all. For more on the market, check out this article. Well, late or not, Kleiner, Perkins, Caufield Byers and Oak Investment Partners are placing a big bet. Yesterday, the firms announced a $26 million investment in RazorGator, one of the leaders in the very crowded and sometimes shady space.

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About Blackboard, Inc.

The world's most popular internet telephony company Skype has announced that it is linking up with a UK supermarket.

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As we’ve expanded the business we’ve done so by redeploying our profits back into our people and business. Ultimately our vision it to become a Globally Competitive Internet Marketing Company, focused on delivering significant value & revenues to our clients & marketing partners through the use of integrated performance marketing solutions.

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Blackboard (www.blackboard.com) is a leading provider of enterprise software and services to the education industry. The Company's product line consists of five software applications bundled in two suites, the Blackboard Academic Suite(TM) and the Blackboard Commerce Suite(TM). Blackboard's clients include colleges, universities, schools and other education providers, as well as textbook publishers and student-focused merchants that serve education providers and their students. Blackboard is headquartered in Washington, D.C., with offices and staff in North America, Europe and Asia.

Jurlique and JH Partners also announced that Eli Halliwell has been named President and CEO of Jurlique. John Hansen, the recently appointed chairman of the board of Jurlique, and principal of JH Partners, said, "We are pleased to partner with Jurlique to help maximize the company's growth. As a middle market company with a strong product line and significant growth potential, Jurlique fits our focus and represents an attractive investment opportunity."

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About Internet Capital Group expert internet marketing
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Internet Capital Group (www.internetcapital.com) 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 Internet architectures in key business sectors. conference internet marketing
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Safe Harbor Statement under Private Securities Litigation Reform Act of 1995 hotel 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. diego internet marketing san
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Contacts internet marketing plan
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Internet Capital Group, Inc. information internet marketing
Karen Greene, 610-727-6900
IR@internetcapital.com

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