Eye Care Centers of America Upgrades to Version 1.5 of Merchandise Management System; Leading Optical Retail Chain Joins Growing List of SVI Customers Who Have Completed Upgrade.

Business Editors

CARLSBAD, Calif.--(BUSINESS WIRE)--Oct. 25, 2001

SVI Solutions Inc. (AMEX: SVI) announced today that Eye Care Centers of America (ECCA) has successfully upgraded to Version 1.5 of SVI's Merchandise Management system.

ECCA, a leading optical retail chain with over 365 stores, joins a growing list of SVI customers who have completed the upgrade to Version 1.5.

"ECCA chose SVI's Merchandise Management system in 1988 because it clearly offered the highest value," said Epsy Miller, vice president of Information Services, Eye Care Centers of America. "And it has continued to serve us well over the years."

Barry Schechter, SVI's chairman and chief executive officer, commented, "We have enjoyed working with ECCA over the past 13 years. Like many of the retailers we serve, ECCA has experienced tremendous growth. We are pleased that our system has continued to contribute to ECCA's on-going success and that through the years of growth, changing technology, and evolution of the industry, SVI has remained their solution of choice."

About SVI's Merchandise Management System

The Merchandise Management system is central to the overall SVI Retail enterprise solution. The System includes a number of modules that allow retailers to integrate all their operational areas in support of the supply chain: planning and open-to-buy, forecasting, purchase order management, allocation, transfers, automated replenishment, price management and physical inventory. In addition, SVI's business analysis and planning tool, The Eye(TM), utilizes data mining techniques and information filtering to support strategic decision-making activities. Because The Eye's data warehouse features ease of use, high-level performance, and user definable data storage and display, it combines the advantages of a custom software solution with the upgrade benefits of packaged software.

Release 1.5 Merchandise Management provides retailers with many new features including: The N Dimensional Eye(TM), providing enhanced planning and analysis of time (holiday, hourly, and seasonal), customer ID and attributes, store profiling, and more; The Eye Explorer(TM), adding Windows(TM)-like functionality to The Eye(TM); increased ability to assign attributes; larger field sizes to better support large volume retailers; a new replenishment module featuring dynamic replenishment; full integration of layaways, special orders and repairs; vendor purchasing analysis; expanded customization options; highly expanded radio frequency capability to support handheld mobile devices used in the warehouse; and increased ability to assign user security levels.

SVI's Merchandise Management employs a single-version development architecture where the core product is continuously enhanced by both customer-driven modifications and internally funded development. This approach ensures retailers a robust, feature-rich product with an upgrade path that keeps pace with the latest retail requirements.

SVI also offers a full range of professional services. These services include consulting, technical development and modifications, project management, systems implementation and retail business process re-engineering.

About Eye Care Centers of America

Eye Care Centers of America (ECCA) operates over 365 optical retail stores in 32 states through 11 brands that are the leaders in eye care service in each of their respective markets. More information about ECCA and links to their stores can be accessed through their website at www.ecca.com.

About SVI

With headquarters in Carlsbad, SVI provides multi-channel technology solutions to retailers. The company's suite of offerings includes store systems as well as enterprise management, merchandising and direct-to-consumer solutions. Complementing these offerings, the company provides an expansive menu of professional services including consulting and implementation services, as well as technical and project management services. SVI maintains offices in the United States, the United Kingdom and Australia. Its worldwide customer base includes major retailers such as Toys "R" Us, OfficeMax, The Limited, The Disney Store, Chico's and Nike. More information about SVI can be obtained on their Web site at www.svisolutions.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 (as amended) for the fiscal year ended March 31, 2001 and other risk factors identified from time to time in the company's filings with the Securities and Exchange Commission. SVI 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.