PHILADELPHIA, PA-- October 16, 2006 -- ICG Commerce, a leading procurement services provider, today announced a strategic engagement to provide procurement services to leading global telecommunications solutions provider Global Crossing (Nasdaq: GLBC).

Global Crossing has continued to achieve key milestones in its business transformation through careful financial management, including a company-wide focus on achieving sustainable cost reductions and process improvements. The company recognized the opportunity to improve financial performance by expanding its procurement efforts and capabilities. In support of this effort, ICG Commerce was engaged to provide strategic sourcing and implementation services for key global product and service categories. Global Crossing will leverage ICG Commerce’s dedicated category and process specialists to help maximize procurement cost savings for operations in North America, Latin America and Europe.

"By harnessing ICG Commerce’s resources and experience, Global Crossing will be positioned to address procurement in an accelerated timeframe,” said David Showerman, Vice President, Real Estate and Vendor Management for Global Crossing. “We are confident ICG Commerce’s experience and supply market knowledge will assist us in achieving our savings targets.”

The addition of ICG Commerce’s sourcing and implementation services to Global Crossing’s procurement organization will provide access to deep category specialists, supply market and pricing insights and proven supplier implementation methodologies for key categories including IT, telecommunications, marketing, air travel and hotels, personnel recruiting, training and others.

“We are very pleased to be part of Global Crossing’s ongoing business improvement strategy,” said Carl Guarino, CEO of ICG Commerce. “We look forward to partnering with their procurement team to help them to drive continued savings and maximize the value of their spend in support of the company’s growth and profitability goals.”