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Island Pacific Introduces OnePointe 6.0 at Retail

From: ASAP

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Island Pacific, a division of SVI Solutions, Inc. (AMEX: SVI), announced today at the Retail Systems 2003 Conference and Exhibition at McCormick Place in Chicago that the Island Pacific Store Solutions division is introducing OnePointe™ 6.0, the latest version of its point-of-sale (POS) software. The new version has been built on peer to peer connectivity technology to support multi-channel retailing and real-time communications 24/7.

“This is the first in an aggressive rollout of next generation retail store level products and services designed to expedite, enhance and enlighten the shopping experience for the customer,” said Randy Pagnotta, recently appointed president of Island Pacific's Store Solutions division. “As we continue to build our in-store offerings, we remain committed to applications that leverage technology, achieve operational benefits, and protect our clients’ investment.”

OnePointe 6.0 is a feature-rich application created with the specialty retailer in mind. It is the result of over ten years of product development with input from some of the top retailers in the world. Deployed on Microsoft Windows XP, .NET-centric with peer to peer technology, it is provided in a thick or thin environment. Features include remote stock lookup, remote special order, gift certificate and store credit authorization, and centralized customer and associate databases for the entire chain. The new version incorporates a Terminal Simulator to generate and run test scripts and TAG (Terminal Application Generator), a GUI that manages terminal changes. Additionally, the software was designed to be easy for the retailer to tailor to their needs.

OnePointe 6.0 Plus, a superset of OnePointe 6.0, is a customizable version that includes the same suite of applications as OnePointe 6.0, but is delivered with the development kit.

Island Pacific is a supporting sponsor of the Small to Mid-sized Retailer (SMR) Solutions Center pavilion at Retail Systems 2003 and will be exhibiting in Booth #1335.

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. Island Pacific is a division of SVI Solutions, Inc. (AMEX: SVI). 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.

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. 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. More information about SVI can be obtained 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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