Page Resigns from Island Pacific Board of Directors
Irvine, California, USA – April 11, 2005 – Island Pacific, Inc. (“Island Pacific”) (AMEX:IPI) announced today that Lawrence Page has resigned from its Board of Directors effective April 6, 2005.
Mr. Page was Chief Executive Officer and the majority shareholder of Page Digital Incorporated, which was acquired by Island Pacific in January 2004. Following the acquisition, Mr. Page held positions with Island Pacific as Chief Technical Officer, Chief Operating Officer and Executive Vice President Special Projects from January 2004 until he resigned as an employee of the company in September 2004. Mr. Page had been a member of Island Pacific’s Board of Directors since March 2004.
There were no disagreements between the Island Pacific and Mr. Page on any matter relating to Island Pacific’s operations, policies or practices.
About Island Pacific
Island Pacific is a global leader in retail merchandising, store operations, CRM, and multi-channel software solutions. For more than 25 years, Island Pacific has developed a reputation for delivering high-quality, high-value, high-reliability software to the retail industry.
As a result, Island Pacific is a definitive resource for scalable, flexible and affordable solutions for retailers around the world. Incorporating the recently acquired Retail Technologies International, Inc. and Page Digital Incorporated, Island Pacific serves over 9,000 retail clients in more than 70 countries. Represented in more than 55,000 stores worldwide and available in 15 languages, the company’s technology manages billions of transactions annually under the brand names of Island Pacific Merchandising System™ (IPMS), Retail Pro ®, Synaro®, and Gladiator, and is widely regarded as the thought leader in multi-channel retailing.
The company is headquartered in Irvine, California, and 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 and www.retailpro.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.
Media Relations Contact:
Danny Zeibert
Island Pacific, Inc.
+1.916.605.7200
Investor Relations Contact:
Mike Tomczak
Island Pacific, Inc.
+1.949.399.3816
ir@islandpacific.com
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