Internet Capital Group Acquires Stake in eMarket Capital — Continues to Bolster Resources in Key B2B E-commerce Service Sectors Where Company has a Strong Presence

Business Wire, Sept 25, 2000

Business Editors/High-Tech Writers

WAYNE, Pa.--(BUSINESS WIRE)--Sept. 25, 2000

Online leasing facilitator is strategic to Internet Capital Group's

B2B e-commerce network and further strengthens company's leadership

position in financial services

Internet Capital Group (NASDAQ:ICGE), a leading business-to-business (B2B) e-commerce company, today announced that it has taken a stake in eMarket Capital, an innovative web-based lease financing company, for approximately $5 million in cash.

eMarket Capital, a privately-held company headquartered outside of Philadelphia, provides customized private-label services that make it easier for manufacturers and their agents to offer leasing to customers. The company lowers lenders' origination costs and arranges lease financing in a way that can benefit all parties with speed, lower cost and convenience.

"Frictionless financial transactions are critical for online e-commerce and ICG is deeply committed to transforming this market through financing solution providers like eMarket Capital and eCredit.com," said Chris Klein, managing director at Internet Capital Group (ICG). "eMarket Capital brings to us strong domain expertise in leasing and an entrepreneurial spirit - making it an immediate synergistic fit with other members of our partner company network. We're excited to put our resources and expertise behind eMarket Capital to help support its growth and long-term success."

Nearly one-third of all capital equipment purchased in the United States is financed with a lease, amounting to approximately $240 billion worth of financing. eMarket Capital is focusing on lease transactions in the $5,000 to $1 million range, which makes up more than 50 percent of the total annual market.

"The capital equipment leasing industry suffers from lack of standardization and centralization -- making it a market which is ripe for transformation," said Jonathan Moran, founder and CEO of eMarket Capital. "Our relationship with ICG will enable us to more quickly deliver workable solutions to meet an enormous market need. We look forward to leveraging the ICG B2B e-commerce network to facilitate major changes in the online financing arena by saving borrowers and lenders in the leasing market both time and money."

About eMarket Capital

eMarket Capital (http://www.emarketcapital.com), a privately held company headquartered in Phoenixville, PA, offers fully customized, private-label leasing services on a turnkey basis to equipment manufacturers and their agents, who in turn offer leasing to their customers. eMarket Capital brings together equipment manufacturers, their customers and lenders in a mutually beneficial process that speeds lease approval while it ensures that customers gain the advantage of a competitive bidding process. The company was established in 1999 by veterans of the leasing industry who knew from personal experience that there had to be a better way to provide lease financing to businesses.

About Internet Capital Group

Internet Capital Group (http://www.internetcapital.com) is an Internet company actively engaged in business-to-business e-commerce through a network of partner companies. It provides operational assistance, capital support, industry expertise, and a strategic network of business relationships intended to maximize the long-term market potential of more than 70 business-to-business e-commerce companies. Headquartered in Wayne, PA, Internet Capital Group has offices in San Francisco, Boston, Seattle, London, Munich, Paris and Tokyo.