Island Pacific/Retail Pro Announces Global Channel Development Initiative
Newly appointed executives to drive Growth and Global Support of Customers
Irvine, California, USA – March 22, 2006 – Island Pacific (IPIN.PK) announced today that it is launching a new global channel development initiative to fuel the further development of existing Business Partners and appoint new Business Partners in high growth potential markets around the world. The Company has appointed a number of industry veterans and promoted other executives to new leadership positions to support this initiative.
Island Pacific/Retail Pro currently has in place the finest global specialty retail channel, and as part of a renewed strategic focus, will significantly expand and strengthen this position. This move enables Island Pacific/Retail Pro to better service its customers around the world, better develop local markets in each targeted country and drive increased revenues and profitability for the Company and its Business Partners.
Island Pacific/Retail Pro is actively analyzing markets on a global basis to identify high growth potential opportunities and to identify the keys to success in targeted local markets.
As part of this analysis, the Company continues to place the necessary resources to further develop and support its existing partners.
“As we expand our channel we will selectively partner with only leading companies making a significant commitment to the distribution of, and support of our products in the target geography,” said Barry Schechter, CEO of Island Pacific/Retail Pro. This will entail both expanding relationships with existing partners and entering into relationships with new parties.”
“We are committed to being the category defining provider of business management software solutions for specialty retailers globally and to the distribution of our solutions through a high quality Business Partner channel,” said Darren Williams, COO of Island Pacific/Retail Pro. “I am pleased to announce that we have added a number of proven leaders to our senior management team and also repositioned several other key executives to support this goal.”
The following executives will focus on business development and the support of Retail Pro Partners and strategic customers in their respective geographies:
Jordan Herrington has been promoted to Vice President Sales - North America. Jordan was formerly Director of Sales for North America.
Mike Dotson has been promoted to Vice President/Managing Director - EMEA. Mike was previously Managing Director of the Island Pacific division in the United Kingdom.
Shaff Kassam joins the Island Pacific/Retail Pro executive team as Vice President/Managing Director - Latin America. Shaff has over two decades of sales and business development experience in the retail technology industry in the Latin America markets.
Malcolm Thomas joins the Island Pacific/Retail Pro executive team as Vice President/Managing Director - Australasia with over twenty five years experience selling and implementing retail solutions to specialty retailers in the Asia Pacific and Australian markets. In addition, Malcolm has extensive experience building and managing distribution channels in these same markets.
Amy Fu, most recently Director of Retail Applications at Chang Yi Information Technology, will assume the role of Vice President/Managing Director – China which will also include Taiwan, Hong Kong and Macau.
"All of these individuals are proven, senior level market development and channel executives in the retail software industry. They will now be carefully selecting their supporting teams to drive success in their regions," said Williams. "We are excited to add such a significant level of support for our Retail Pro Partners and Customers."
About Island Pacific / Retail Pro
Island Pacific / Retail Pro is a global leader in retail Merchandising, Store Operations, Planning, and Multi-channel software solutions. For more than 25 years, Island Pacific/Retail Pro has developed a reputation for delivering high-quality, high-value, and high-reliability software to the retail industry.
As a result, Island Pacific/Retail Pro is the definitive resource for scalable, flexible and affordable solutions for retailers around the world. Island Pacific/Retail Pro software solutions manage billions of transactions annually in more than 55,000 store locations worldwide, in 77 countries, and 18 different languages.
The company is headquartered in Irvine, California, has offices in the United States and the United Kingdom, and is represented by business partners in over 30 countries. 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 Form 10-KA for the fiscal year ended March 31, 2004 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.
TRADEMARKS
Island Pacific, Retail Pro and Synaro are registered trademarks of Island Pacific, Inc., and may not be used without expressed, written permission.
For additional information:
Jeffrey Busch
IP/Retail Pro Marketing
jbusch@islandpacific.com
949-440-3152
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