Alliance will generate marketing and product development opportunities
Irvine, CA. – August 11, 2003 – Island Pacific (AMEX: IPI) and Page Digital, Inc., a leading developer of multi-channel commerce software, announced today that the two companies have signed a strategic marketing alliance agreement. Under terms of the agreement, the companies will market each other’s products and services as well as co-develop new offerings.
Island Pacific will immediately begin introducing IP synaro® powered by Page Digital, Inc. to its customers. "synaro has been proven with leading multi-channel retailers like Land’s End, IBM and FAO Schwarz," said Harvey Braun, chief executive officer of Island Pacific. "Like Island Pacific, Page combines its industry expertise with the unique requirements of each customer to provide high functionality and value. This shared philosophy and commitment to the customer is what makes Page a strong partner for us."
"By joining forces, we believe we can better serve our customers," said Larry Page, chief executive officer, Page Digital. "Separately, each of us offers a powerful solutions set. Together, our offering becomes even more comprehensive. However, the real strength of this partnership will flourish in our co-development efforts. The collaboration will no doubt reap rewards for both our companies and our customers."
About Page Digital
Page Digital is a top-tier provider of proven multi-channel software applications designed to enable effective operational diversity. synaro® Software by Page enhances business productivity and customer loyalty by providing seamless interaction with clients across all touch points including catalog, online, and brick-and-mortar. Existing technology investments are leveraged as synaro® enables seamless best-of-breed system components. Companies including Lands` End, IBM, Michael`s Stores, FAO Schwarz and Hershey depend on synaro® to provide systems support for eCommerce, marketing, call centers, fulfillment, workflow, Email Response Management (ERM), forecasting, data mining, logistics, assembly, financials and more. For more information, visit www.synaro.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-K 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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