Irvine, California, USA – December 2, 2004 – Island Pacific (AMEX:IPI) announced today the sales results from its Retail Pro® division for the month of October.
During the month of October, the company continued its recent successes of the two previous months in the Retail Pro® division by adding 58 new customers. Among the new customers, Island Pacific is pleased to welcome Charrette LLC, the nation’s leading distributor of design products and equipment, providing product and service solutions to designers and artists, located in Woburn, MA; Tickled Pink, a woman’s clothing chain of three stores featuring Lilly Pulitzer clothing; Ohio State Team Shop in Columbus, OH; Shatzi, a family owned business with one store in El Salvador and six additional stores in Guatemala; two Bang & Olufsen stores in Minnesota, one located in the Galleria of Edina and the other in downtown Minneapolis; Crew Outfitters Dallas in Atlanta, GA, which sells apparel, luggage, model planes, mugs, and gifts bearing the Delta Airline logo, opening two additional stores in the near future; A Stone’s Throw, a clothing store in Madison, WI, owned by Island City Group; and Comic City, metro Detroit’s comic book and pop culture headquarters featuring the largest selection of trade paperbacks, graphic novels, pop culture gift items, T-shirts, action figures and posters with three locations, MI.
Mike Tomczak, President and Chief Operating Officer, said, “We are very encouraged to see continued strong sales results in the month of October, as we now have put together a string of three successive months with record, or near record, numbers. There is a demonstrated high demand for the Retail Pro® product currently, and we look forward to continuing to raise the bar going forward.”
“Gross revenue (unaudited) for new customer sales, existing customer upgrades and maintenance renewals were over $1.0 million for the month of October, ranking it as the best October in Retail Pro history, and with the top two months in our history,” Tomczak continued.
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 the definitive resource for scalable, flexible and affordable solutions for retailers around the world. Incorporating the recently acquired Retail Technologies International (RTI) and Page Digital, 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 IPMS™, IP™ synaro®, OnePointe™ and Retail Pro®, and is 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
Tricia Skoda
Island Pacific, Inc.
+1.949.399.3816
ir@islandpacific.com
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