New Release for IPMS

IRVINE, CA, February 9, 2006: Island Pacific, Inc. (IPIN.PK) a global leader in retail industry Point of Sale/Store Operations, Planning, Merchandising and Multi-channel software solutions is proud to announce the release and general availability of IPMS Version 3.1. This highly anticipated version of Island Pacific's Merchandising System (IPMS) software has been successfully implemented with launch customer Bentley Leathers of Canada.