IRVINE, Calif.–Jan. 9, 2003–Island Pacific, a division of SVI Solutions Inc. (AMEX:SVI), today announced the signing of a distributor agreement with Wazagua LLC.
Under terms of the agreement, Island Pacific will exclusively offer to retailers worldwide; POS exception reporting integrated with Wazagua`s products and services. Specifically, Island Pacific will be offering Wazagua`s Web-based Loss Prevention Case Management Package and ASP Data Hosting. Island Pacific will exclusively offer to the retail vertical, POS Exception Reporting
“This is another example of how we are using strategic alliances to quickly diversify the solutions we can offer our customers,” said Steven Beck, president of Island Pacific. “We believe that most of our customers will benefit immediately from Wazagua`s loss prevention know-how. Inventory shrinkage is a multi-billion dollar source of revenue loss for retailers each year. We want to provide our customers with the right tools to defend against this problem and retain their margins.”
“Island Pacific has been a solid solutions provider to the retail industry for many years,” said AC Cristiaan, Wazagua`s chairman & CEO. “They have a strong management team and vision that I believe positions them to continue as a driving force in the industry. I am pleased and excited to form this alliance with Island Pacific.”
WAZAGUA(TM) ASP Hosted Suite of Modules automate data management for the Loss Prevention, Operations, Human Resources, Safety & Risk Management community. These ASP-hosted productivity tools allow retailers to capture the power of the Internet. Retailers can create efficiencies, manage and share information, make better use of their staff, eliminate redundant data entry — and work from virtually any point in the world.
About Wazagua
Wazagua LLC is a worldclass technology company and innovator in corporate-wide enterprise software solutions delivered through its industry-leading suite of modules, creating scalable Internet-ready architecture for companies ready to transition into the Internet business economy. Developing the powered by Wazagua Web-based products since 1998, Wazagua is committed to a tradition of offering clients first to market, leading-edge productivity tools, that produce intelligent data flow and effective time management of corporate resources. For more information go to www.wazagua.com.
About Island Pacific
Island Pacific, a division of SVI Solutions Inc. (AMEX:SVI), provides retailers with a fully integrated suite of software to manage the spectrum of merchandising activities and create success for single and multi-channel businesses. Partnering with our customers, our products deliver the tools retailers need to effectively increase revenues and profits — assuring merchandise desired by customers is in retailers` stores priced competitively.
To complement the spectrum of success provided by our software products, we also offer a breadth of professional services including consulting, implementation, technical and project management. Headquartered in Irvine, Island Pacific has offices in the United States and the United Kingdom. Its worldwide customer base includes major retailers such as American Eagle Outfitters, Timberland, Chick`s Sporting Goods, The Limited, Nike, Signet and Vans Inc. More information about Island Pacific can be obtained on their Web site at www.islandpacific.com.
About SVI
Headquartered in Carlsbad, Calif., 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 sold under the Island Pacific brand. 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 and the United Kingdom. SVI`s subsidiary, SVI Training Products, is a leading provider of state-of-the-art PC courseware, customization tools and skills assessment software for educational institutions and government entities. 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, 2002 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.
CONTACT:
Island Pacific, Irvine
Media Relations Contact:
Ron Koren, 949/440-3193
[email protected]
or
SVI Solutions Inc., Carlsbad
Investor Relations Contact:
Tricia Skoda, 760/496-0248
[email protected]