you can do something similar to this, it is just an example, not tested;
first you add some Panels to your customlistview, like
...
For i = 1 To 10
Dim p As Panel
p.Initialize("clv_panel")
clv1.Add(p, 50dip, "Item #" & i)
Next
...
then you define the panel_click sub like
Sub clv_panel_Click
Dim p As Panel
p = Sender
p.Color = Colors.Green
End Sub
that's it, more or less