September Retail Pro® Sales Update
September 04 was Best September in Company History
Second consecutive month of increased sales activities
Irvine, California, USA – October 21, 2004 – Island Pacific (AMEX:IPI) announced today the results of license and upgrade sales of its Retail Pro® division for the month of September, 2004.
For the month of September, 2004, Island Pacific welcomes 88 new Retail Pro® users including: Dance Avenue, located in Davie, FL, opening in October selling dancewear and related accessories; The Chiller, with locations throughout Ohio; Espace Montagne, a French company located in Grenoble, focused on mountain activities such as climbing, skiing and trekking. Espace Montagne has a main office, four stores and a warehouse; Tint America, an established auto, residential and commercial window tinting company selected Retail Pro® because of its versatility and ability to adapt to their unique business processes and multi-store expansion plans in Florida; Russell’s Garden Center, a garden and nursery center in Wayland, Massachusetts; Aktual, a wholesale retailer of home textiles carrying hand-made goods from Russia, Germany and France, located in Moscow; and Salita, a famous Russian shoe retailer who selected Retail Pro® to connect all of their stores to provide better management. Salita operates shoe and dress salons including Alberto Guardiani, Artioli, Gianfranco Ferre, Pakerson, Rossini, Baldinini, Cerruti 1881, Strellson, Einhorn and Windsor located throughout Russia.
In addition to the new customers added in September, there were 356 membership (maintenance) renewals and upgrades by existing Retail Pro® users including Especially for Pets in Acton, MA and Eziba, expanding in Southfield and Harperwood, MI.
"The month of September shows a surprising amount of diversity in the types of new customers implementing Retail Pro®," said Mike Tomczak, Chief Operating Officer and President of Island Pacific. "In fact, this September was the best September for billings in our history and the second best month ever, with over $1 million (unaudited) in gross software and membership billings. Additionally, September was the second consecutive month of increased activity. August 04 was our best August in company history."
"August and September were two of the best months in our history and demonstrates a marked increase in sales activities for our business partner network," Tomczak continued. "I believe this increase indicates a renewed interest not only in our Retail Pro® brand, but in Island Pacific as a whole. The retail sector is beginning to see that Island Pacific can fulfill their merchandising software needs… including the multi-national, global retailer. Island Pacific offers a true ‘end-to-end’ retailing solution, with support and service to our customers second to one." *
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-K 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.
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