HOUSTON (August 14, 2006) — WhiteFence, the nation's leading online comparison shopping marketplace for essential home services, today announced Eric Danziger as Chief Executive Officer. As Chief Executive Officer, Mr. Danziger will be responsible for the company's vision, planning and overall strategy.
From 2001 through July 2006, Mr. Danziger served as the Chief Executive Officer of ZipRealty Inc., a company that provides home sellers and buyers with innovative real estate solutions. Prior to joining ZipRealty, Mr. Danziger excelled as President and Chief Operating Officer of Carlson Hotels Worldwide, President and CEO of Starwood Hotels and Resorts Worldwide and President of Wyndham Hotels and Resorts. Prior to these roles, Mr. Danziger held a number of senior executive roles at Doubletree Hotels Corporation.
Mr. Danziger was honored as a Northern California Ernst and Young (E&Y) Entrepreneur of the Year for 2005 in the category of Real Estate/Hospitality/Construction. Mr. Danziger has been featured by CNN, The Bloomberg Report, The Wall Street Journal and The San Francisco Chronicle. In addition, Mr. Danziger has served as the Chairman of the American Hotel and Motel Associations Strategic Planning Group, a Trustee of the American Hotel and Motel Federation and a member of the prestigious IREFAC (Hotel Industry Real Estate Council).
"I am thrilled to have Eric join WhiteFence," said Arthur Maxwell, Chairman of the Board and former CEO of WhiteFence. "Eric has proven himself to be a strong leader throughout his career, leaving an impressive footprint in the hotel industry, and more recently at ZipRealty, where he drove 88 percent annual compounded growth for the five years he served as CEO. We look forward to benefiting from his experience as an innovator and operator, and believe WhiteFence will demonstrate strong growth under his leadership."
"I am excited by the opportunities at WhiteFence," said Mr. Danziger. "WhiteFence provides a convenient and very meaningful service that has tremendous value to consumers, and has built a unique consumer gateway which has enormous potential for further growth and expansion."
About WhiteFence
WhiteFence is the leading one-stop comparison shopping marketplace that helps consumers compare and order essential home services such as electricity, gas, phone, cable and satellite TV, high-speed Internet, change of address, newspapers, insurance and banking. WhiteFence's proprietary transaction engine makes it easy for the more than 20 million U.S. households that move annually, as well as all consumers just looking to switch services, to find the best deals and conveniently set up their home services in minutes. WhiteFence is an Internet Capital Group (NASDAQ: ICGE - News) partner company.
WhiteFence is headquartered in Houston, Texas. For more information, please visit www.WhiteFence.com.
About Internet Capital Group
Internet Capital Group (www.internetcapital.com) owns and builds Internet software companies that drive business productivity and reduce transaction costs between firms. Founded in 1996, ICG devotes its expertise and capital to maximizing the success of these platform companies that are delivering on-demand software and service applications to customers worldwide.
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Safe Harbor Statement under Private Securities Litigation Reform Act of 1995
The statements contained in this press release that are not historical facts are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future performance of our partner companies, acquisitions or dispositions of interests in partner companies, the effect of economic conditions generally, capital spending by customers and development of the e-commerce and information technology markets, and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. These and other factors may cause actual results to differ materially from those projected.
Public Relations Contact
Marcus W. Gamo
Allison & Partners
415-277-4925 Tel
415-217-7503 Fax
whitefence@allisonpr.com
