Changyi Joins Exclusive Advisory Board for Global POS and Store Operations Summit.

IRVINE, Calif. -- The Global POS and Store Operations Summit is pleased to announce that Changyi Information Technologies has joined the advisory board for the Global POS and Store Operations Summit in Las Vegas September 19-21, 2004. Changyi Information Technologies is a leading IT and applications solutions provider in China, with a key division specializing in retail.

The Summit is a new retail industry event dedicated to exploring the latest consumer trends and technology in the POS and Store Operations arena. Attendees will be able to explore the latest industry trends, learn about the hottest new technologies and discover the secrets to customer and store success as they meet some of the most successful retailers from around the world.

Amy Fu, director of retail for Changyi, stated that, "Retailers around the world are looking at international expansion, particularly in Asia. The timing is perfect to bring retailers and industry experts together from around the world to discuss these critical topics in the retail industry."

"The global nature of the event and the focus on activities at the store level couldn't come at a better time," added Danny Zeibert, the founder of the Global Summit. "In today's competitive retail environment, retailers are looking for ways to build their brands by enhancing the consumer's shopping experience from the moment they enter the store all the way to the efficiency of their transactions."

"The focus on activities at the store level is a very hot topic in the retail industry. In today's competitive retail environment, retailers are looking for ways to build their brands by enhancing the consumer's shopping experience from the moment they enter the store all the way to the efficiency of their transactions," stated Danny Zeibert, the founder of the Global Summit.

The inspiration for this summit came from Island Pacific's Retail Pro customers and partners from around the world, including Changyi. These global players saw that trends and technology are transforming today's stores into a series of valuable touch points for communicating with customers. With the explosion in the volume of customer and transaction data, the store environment becomes a key source of actionable information to drive better decisions throughout the retail organization, including merchandising, operations, loss prevention and customer management/CRM decisions.

The Global Summit is geared primarily towards specialty, mass merchandise and department store retailers. At the Summit, attendees will hear from industry experts and experienced retailers about their plans and how they're handling today's retail challenges. With a focus on expansion and global trends, attendees will be able to share ideas, participate in open forums and attend sessions focusing on the state of retail around the world.

For more information about the first ever Global POS and Store Operations Summit, visit www.pos-summit.com or call 916-605-7226.

About Changyi

Founded in 1993, Changyi Technologies has grown to over 160 employees in eight regional offices, enabling the company to cover all major commercial centers in China. Their Business Friend(R) suite of applications and system design and implementation capabilities for the distribution and logistics industry has received multiple awards for top performance from its vendor partners such as IBM and Sybase, and is an active member of numerous industry committees and associations both within China and the Asia Pacific region as a whole. The company has provided solutions to over 200 large clients including retailers, distribution enterprises and logistics centers throughout China. For more information about Changyi visit their Web site at www.changyi.com.

About Island Pacific

For more than 25 years, Island Pacific (AMEX:IPI) 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.

Island Pacific, incorporating the recently acquired Retail Technologies International (RTI) and Page Digital, serves over 9,000 retail clients in more than 70 countries. Represented in more than 55,000 stores worldwide and available in 14 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.

Founded in 1978, the company is headquartered in Irvine, Calif., 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.

Editor's note: Contact Ron Both, Liolios Group, at 949-574-3860 for investor relations information.