Philadelphia, PA - August 27, 2007 - ICG Commerce, the leading procurement outsourcing specialist, today announced that it has signed a five-year agreement with Chiquita Brands International, Inc. (NYSE:CQB - News), one of the world's leading marketers and distributors of high-quality fresh and value-added food products, to provide procurement outsourcing services. Under the terms of the contract, ICG Commerce will assist Chiquita with managing indirect spend areas, including transportation, marketing, MRO (maintenance, repair and operating supplies) and information technology on a global basis.

"Partnering with ICG Commerce complements a key pillar of Chiquita's corporate strategy to build a high-performance organization by providing our procurement organization access to the expertise that will enable us to focus on our core competencies and deliver more value to the company," said Onye Uzoukwu, Chiquita's vice president of global procurement. "We expect this agreement will help us drive cost savings, while allowing us to concentrate on delivering innovative, higher-margin products to our customers and consumers."

"We are very pleased to work with an industry leader like Chiquita," said Carl Guarino, chief executive officer, ICG Commerce. "They have a world-class procurement organization with strong capabilities, and recognize outsourcing as a way to drive even greater results."

In addition to Chiquita, Guarino acknowledged the concurrent signing of a five-year contract for procurement outsourcing services with a large North American-based life sciences company. These two new customers join other leading companies, including Kimberly-Clark, Goodyear Tire & Rubber and The Timken Company, which have outsourced indirect procurement to ICG Commerce.

"We continue to see more and more companies embracing procurement outsourcing as a strategy to increase focus and improve performance," Guarino continued. "We believe many of these companies choose ICG Commerce based upon our focused commitment to ensuring our customers succeed in achieving their objectives and our track record of delivering against our commitments."