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ICG to Postpone Release of Third Quarter Results Due to Hurricane Sandy

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RADNOR, Pa., Oct. 30, 2012 (GLOBE NEWSWIRE) -- Due to severe weather conditions associated with Hurricane Sandy, ICG Group, Inc. (Nasdaq: ICGE) ("ICG") will postpone the release of financial results for its third quarter ended September 30, 2012 until Monday, November 5, 2012, before the market opens. The Company will host a conference call to discuss its third quarter results at 10:00 a.m. ET that morning.

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A state of emergency has been declared for Philadelphia and its surrounding areas as a result of Hurricane Sandy, and current conditions have caused significant disruptions to power and communications this week. Therefore, the date of ICG's earnings call has been changed from its previously scheduled time on Thursday morning to the new time on Monday at 10:00 a.m. ET.

Participating on the conference call will be Walter Buckley, ICG's chief executive officer, and Kirk Morgan, ICG's chief financial officer of the Company. The dial-in numbers for the teleconference are 866-203-2528 and 617-213-8847. The participant pass code for either dial-in is 663 413 39.

The Company will also host a live webcast for the call with an accompanying slide presentation. To access the webcast, go to the ICG web site at www.icg.com and click on the investor information tab, then go to the presentations and events page and click on the third quarter conference call. Participants can also go directly to third quarter information by clicking the "Q3" button on ICG's home page. Please log on to the web site approximately ten minutes prior to the call to register and download and install any necessary audio software.

In an effort to address specific areas of interest, participants are encouraged to submit questions to the ICG Investor Relations department at ir@icg.com prior to November 5, 2012. Every attempt will be made to respond to all questions either during the question and answer portion of the call or shortly thereafter.

If you are unable to access the web site but would like a copy of the slide presentation sent to you after the call, please contact ICG's Investor Relations Department at 610-727-6900.

For those unable to participate in the conference call, a replay will be available beginning November 5, 2012 at 12:00 p.m. ET until November 13, 2012 at 11:59 p.m. ET. To access the replay, dial 888-286-8010 or 617-801-6888. The pass code is 793 552 51. The replay and slide presentation can also be accessed on the ICG web site at www.icg.com/investors/events-and-presentations/.

About ICG Group, Inc.

ICG Group, Inc. (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 these 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

CONTACT: Investor inquiries: Karen Greene ICG 610.727.6900 ir@icg.com

ICG / Procurian

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