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Island Pacific synaro Announces General Availability of WebStore 4.0

CHICAGO--(BUSINESS WIRE)--May 18, 2004--Island Pacific (AMEX:IPI) announced today at the Retail Systems 2004 Conference and Exposition the general availability of IP synaro WebStore Version 4.0, its eCommerce product. This enhanced version of the Java-based IP synaro WebStore features support for electronic check payment, credit card CVV, extensive additions for customer e-mail communication and enhancements for the shopping cart and product pages.
IP synaro WebStore 4.0 works as an enhanced customer retention tool. Shoppers experience a real-time, seamless integration between the online store-front and the order management and fulfillment system, providing them with improved service when placing on-line orders.

IP synaro WebStore 4.0 architecture is designed with tool sets comprised of Java beans, Java servelets and templates enabling customers to use one or many components towards optimizing their site. The component-based system makes integration with any front-end application a relatively simple process.

"The IP synaro WebStore V.4.0 will greatly add to the shopper's online shopping experience," stated Larry Page, chief technology officer for Island Pacific. "WebStore's component-based technology enables our customers to proactively compose a best-of-breed site specific to their needs, while maintaining full integration to their back-end data."

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, Calif., 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.

Editor's note: Ron Both, Liolios Group, at 949-574-3860 for investor relations information.

Contacts


Island Pacific Inc.
Media Relations:
Bonnie Hendry, 303-754-4836
bhendry@islandpacific.com
or
Investor Relations:
Tricia Skoda, 858-550-3342
tskoda@islandpacific.com

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