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Island Pacific Partners with Planalytics Inc.

From: ASAP

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Island Pacific, a division of SVI Solutions, Inc. (AMEX: SVI), today announced the signing of a partnership agreement with Planalytics Inc. Under terms of the agreement, Island Pacific will market Planalytics’ Impact LR, an internet-based application that measures the specific effects of future weather on consumer demand by product, location, and time.

“We are extending our offerings through close alliances with companies like Planalytics,” said Steven Beck, president of Island Pacific. “We believe our customers can benefit from their expertise. Using Impact LR, they can plan the timing of in-season markdowns, as well as the season-to-season flow of merchandise into their stores with maximum effectiveness.”

“We are excited about our partnership with Island Pacific,” said Frederic Fox, president and ceo of Planalytics. “In addition to offering Impact LR to their customers, we will work with Island Pacific to integrate future weather-driven demand intelligence into their Merchandise Management System.”

Impact LR provides retailers and manufacturers with knowledge of how weather has and will influence their business up to one year in advance in order to support more effective planning and forecasting, product distribution and allocation, and advertising and promotion timing.

About Planalytics Planalytics (www.planalytics.com) is a supply chain planning and optimization technology company that helps companies make more effective and profitable decisions by forecasting weather-driven changes in supply, demand and prices for products and services. Companies in all industries use Planalytics' technologies to avoid squandered opportunities and poor financial results caused by the unanticipated impact of weather volatility.

About Island Pacific Island Pacific provides retailers with a fully integrated suite of software to manage the spectrum of merchandising activities and create success for single and multi-channel businesses. Partnering with our customers, our products deliver the tools retailers need to effectively increase revenues and profits – assuring merchandise desired by customers is in retailers' stores priced competitively. To complement the spectrum of success provided by our software products, we also offer a breadth of professional services including consulting, implementation, technical and project management. Headquartered in Irvine, California, Island Pacific has offices in the United States and the United Kingdom. Its worldwide customer base includes major retailers such as American Eagle Outfitters, Timberland, Chick’s Sporting Goods, The Limited, Nike, Signet, and Vans, Inc. More information about Island Pacific can be obtained on their website at www.islandpacific.com

About SVI Headquartered in Carlsbad, CA, SVI provides multi-channel technology solutions to retailers. The company’s suite of offerings includes store systems as well as enterprise management, merchandising and direct-to-consumer solutions sold under the Island Pacific brand. Complementing these offerings, the Company provides an expansive menu of professional services including consulting and implementation services, as well as technical and project management services. SVI maintains offices in the United States and the United Kingdom. SVI’s subsidiary, SVI Training Products, is a leading provider of state-of-the-art PC courseware, customization tools and skills assessment software for educational institutions and government entities. More information about SVI can be obtained on their website at www.svisolutions.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 Form 10-K (as amended) for the fiscal year ended March 31, 2002 and other risk factors identified from time to time in the Company’s filings with the Securities and Exchange Commission. SVI 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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