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Island Pacific Signs Group USA as Second IP ViewPoint

From: ASAP

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Island Pacific (AMEX:IPI) today announced that Group USA, a women’s’ apparel retailer based in Secaucus, New Jersey, is the second Island Pacific customer to sign a contract for IP ViewPoint. IP ViewPoint, a visual report design tool that enables retailers to design and distribute custom reports and views, was introduced earlier this week.

“The rapid market acceptance of IP ViewPoint underscores the great need retailers have for easy-to-use tools for creating and distributing custom view and reports tools,” said Steve Beck, Island Pacific president and chief operating officer. “By virtually eliminating custom programming expenses, IP ViewPoint can save retailers tens or even hundreds of thousands of dollars, while providing real-time access to critical business information.”

“Like most retailers, Group USA has unique needs for analyzing our merchandising data,” said, Raffi Allaverdian, CFO, Group USA. “No matter how many report options a software vendor provides, we will always need to view or compile the data differently to meet our own needs. With IP ViewPoint, we can quickly and easily design and distribute custom reports. This capability means better access to data, improved decision-making, and reduced programming costs. It’s a win-win.”

Based on Advanced Systems Concepts’ successful SEQUEL product suite, IP ViewPoint features an easy-to-use graphical user interface, which enables retailers to develop custom reports and data views on the fly. By giving retailers the ability to design and instantly distribute information throughout the enterprise, IP ViewPoint eliminates expensive custom programming requirements. As a result, retailers can develop targeted reports, such as sales summaries, purchase orders and inventory status, for a fraction of the cost. In addition, IP ViewPoint is fully integrated with Island Pacific's merchandising system, so Island Pacific’s customers can be productive immediately.

About Group USA Group USA offers the latest styles in women' clothing, shoes and accessories in 24 stores from coast to coast and in Puerto Rico. They offer women, as well as the young and contemporary customers, quality, fashion and value. Their Special Occasion Department offers an exciting and extensive selection of evening dresses. The Bridal Salon at Group USA, the bride-to-be, as well as her wedding party, can make their dream wedding come true. The current Group USA expansion into their new Camille La Vie concept stores will offer the best of their collections in an updated and upscale environment. More information can be obtained on their web site at www.GroupUSA.com.

About Island Pacific For more than 25 years, Island Pacific has developed a reputation for delivering high-quality, high-reliability software to the retail industry. Recently, the company has transformed itself into the low-cost, high-value provider of retail enterprise solutions by developing breakthrough technologies, and by partnering with leading consulting organizations to provide next-generation services. In addition, Island Pacific leverages its years of experience with emerging and established retailers to craft creative solutions tailored for each customer’s needs. As a result, Island Pacific is the definitive resource for scalable, flexible and affordable solutions for retailers around the world.

With nearly 200 customers, Island Pacific and its solutions are represented in more than 30,000 stores worldwide, and manage more than 1.5 billion transactions annually. Founded in 1978, the company is headquartered in Irvine, California, and has offices in the United States and the United Kingdom. For more information, please visit www.islandpacific.com. Certain statements contained in this news release regarding matters that are not historical facts are forward-looking statements. These statements relate to future events or the Company's future performance. These statements are only predictions. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed in the Company's (SVI) Form 10-KA for the fiscal year ended March 31, 2003 and other risk factors identified from time to time in the Company's filings with the Securities and Exchange Commission. IPI undertakes no obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events.

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