EXHIBIT 99.1

ISLAND PACIFIC ENGAGES OPPENHEIMER & CO. TO EXPLORE FINANCING AND STRATEGIC
ALTERNATIVES Wednesday March 23, 5:30 pm ET IRVINE, Calif.--(BUSINESS
WIRE)--March 23, 2005--Island Pacific Inc. (AMEX:IPI - News), a leading provider
of retail merchandising systems, management systems and multi-channel
applications, announced today that is has retained Oppenheimer & Co., an
investment banking firm, to explore a range of strategic options that include
refinancing, capitalization, and merger and acquisition possibilities.

Mike Tomczak, President and Chief Operating Officer, stated, "We believe
engaging Oppenheimer, a proven leader in investment banking services, is a very
positive step forward in identifying and implementing the highest value options
for our company presently and going forward."

About Oppenheimer and Company

Oppenheimer & Co. Inc. ("Oppenheimer") is a leading national investment boutique
that provides financial services and advice to high net worth investors,
individuals, businesses and institutions. For over 120 years, it has provided
investors with the necessary expertise and insight to meet the challenge of
achieving their financial goals. Oppenheimer's commitment to its clients'
investment needs, its experienced and dedicated professionals, and its proud
tradition, empower the firm to deliver effective and innovative solutions to its
clients.

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
a 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 Island Pacific Merchandising System(TM) (IPMS), Retail Pro(R),
Synaro(R), and Gladiator, and is widely regarded as 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-KA 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.


___________________
CONTACT:
     Island Pacific, Inc.
     Danny Zeibert, 916-605-7200 (Media Relations)
     Mike Tomczak, 949-399-3816 (Investor Relations)
     ir@islandpacific.com