Key Developments For Internet Capital Group, Inc.
Internet Capital Group, Inc. (ICGE.O) (Consolidated Issue listed on NASDAQ Global Market)
Internet Capital Group To Meet Prior FY 2009 EBITDA Guidance
Internet Capital Group announced that its stated goals at the beginning of fiscal 2009 were to significantly improve aggregate EBITDA, exclusive of stock-based compensation and unusual items, while growing revenues. Given the Company's strong EBITDA performance combined with aggregate revenue growth year-to-date, the Company expects to meet those goals.
Internet Capital Group Files Shelf Registration Statements
Internet Capital Group announced that it has filed shelf registration statements on Forms S-3 and S-4 with the U.S. Securities and Exchange Commission. ICG does not have any immediate plans or current commitments to sell securities under either registration statement. The terms of any offerings under these shelf registrations will be determined at the time of the offerings. If and when the shelf registration statement on Form S-3 is declared effective by the SEC, the Company may from time to time offer and sell up to $100 million of its common stock using various methods of distribution. The net proceeds of any such offerings are expected to be used for general corporate purposes, which may include supplementing the Company's working capital and/or funding acquisitions of interests in existing and new partner companies. If and when the shelf registration statement on Form S-4 is declared effective by the SEC, the Company may from time to time offer and sell up to $50 million of its common stock in connection with exchange offers and/or business combination transactions. The Company does not expect to receive cash proceeds from the sale of common stock issued under the Form S-4.
Channel Intelligence, Inc. A Partner Company Of Internet Capital Group And Aweida Capital Management Acquires Storefront, Order Management And Fulfillment Assets From Vcommerce
Channel Intelligence, Inc. (CI), a partner company of Internet Capital Group and Aweida Capital Management, announced the acquisition of certain key assets of Vcommerce, a provider of ecommerce software solutions located in Scottsdale, AZ. Terms of the deal were not disclosed.
Internet Capital Group Comments On Q3, H2 2009 EBITDA Guidance-Conference Call
Internet Capital Group announced that it expects to see continued positive EBITDA improvement in third quarter of 2009 and the second half of 2009.
Internet Capital Group Comments on FY 2009 Outlook
Internet Capital Group announced that for fiscal 2009, it expects to improve significantly aggregate EBITDA, exclusive of stock-based compensation and unusual items, while growing revenues.
