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ICG Invites Investment Community to December 13, 2012 Presentation on Procurian Energy, Hosted by Procurian's CEO, Carl Guarino, and Chief Sustainability Officer, Chad Gottesman

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RADNOR, Pa., Nov. 29, 2012 (GLOBE NEWSWIRE) -- ICG Group, Inc. (Nasdaq:ICGE) ("ICG") today announced that Procurian CEO Carl Guarino and Chad Gottesman, the head of Procurian Energy and Procurian's Chief Sustainability Officer, will present a company overview along with an in-depth review of the company's energy management solution on Thursday, December 13, 2012 at 2:00 p.m. ET. The presentation will provide the investment community with insights into how Procurian, and specifically Procurian Energy, can strategically and effectively achieve sustainable cost reductions for its growing customer base of Global 1000 companies.

Energy and utilities represent a significant and highly volatile area of expenditure for most businesses. However, many companies don't have the requisite energy market intelligence to effectively manage it and traditional project-oriented approaches frequently fail to deliver sustainable results. In this webcast, Gottesman will address how, with continuous monitoring and active energy management programs, leading firms can obtain substantial energy costs savings through better energy demand management, sustain those savings with ongoing monitoring and optimize energy purchases with deep market intelligence.

"We are eager to showcase the unique capabilities and imperative value proposition that Procurian brings to its customers," said ICG CEO Walter Buckley. "With energy management as an example of Procurian's innovative expertise in strategic cost management, we hope to demonstrate the significant opportunity that lies ahead for this company, which ultimately translates into increasing value for ICG shareholders."

Procurian's Active Energy Management solution is an important part of the company's Specialized Procurement InfrastructureTM, which provides its customers access to all the components necessary to optimize indirect spend on a global basis. This includes a dedicated team of specialists with deep category expertise, real-time market intelligence, comprehensive processes and a sophisticated set of proprietary tools and technology.

Webinar registration is required at https://icg.webex.com/icg/j.php?ED=182106247&RG=1&UID=1338529352&RT=MiMxMQ%3D%3D.

About Procurian

Procurian – formerly known as ICG Commerce - is the leading specialist in comprehensive procurement solutions. Forward-thinking business leaders partner with Procurian to transform procurement and drive sustainable changes to their cost structures. Global industry leaders, including Kimberly-Clark, Hertz, Symantec, Timken and Whirlpool, have chosen Procurian to accelerate this transformation. Procurian's built-out Specialized Procurement Infrastructure™ integrates with businesses to optimize spending and deliver real savings that equal a margin point or more. Procurian is an ICG (Nasdaq:ICGE) company. For more information, visit www.procurian.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

Source:ICG Group, Inc.