EXHIBIT 99.1


                              ISLAND PACIFIC, INC.

Irvine, Calif. - October 31, 2005 - Island Pacific, Inc. (AMEX:IPI). On October
25, 2005, the American Stock Exchange ("AMEX") notified Island Pacific, Inc.
(the "Company") that the Company's common stock will be delisted from the AMEX.
The AMEX made the determination subsequent to a delisting hearing where the
Company had requested additional time to regain compliance with the AMEX listing
standards.

As previously announced, in September 2005, the AMEX had notified the Company
that the Company was subject to delisting for two reasons. First, the Company
did not file its Form 10-K for the fiscal year ended March 31, 2005 and its Form
10-Q for the quarter ended June 30, 2005. Second, the Company had sustained
losses which were so substantial in relation to its overall operations or its
existing financial resources, or its financial condition had become so impaired
that it appeared questionable, in the opinion of the AMEX, as to whether the
Company would be able to continue operations and/or meet its obligations as they
mature.

The Company's independent counsel has now completed its initial revenue
recognition review. Based on the results of this review, the Company adopted a
new revenue recognition policy, which is being applied to all periods commencing
April 1, 2002. In applying this policy to prior periods, management has
determined that certain prior transactions not previously investigated might
require restatement.

After the Company is delisted from the AMEX, it expects that its common stock
will be quoted on the Pink Sheets under a new trading symbol. Once the Company
files its 10-K for the year ended March 31, 2005 and its Form 10-Q for the
quarter ended June 30, 2005, the Company anticipates its common stock will be
quoted on the NASD OTC Bulletin Board.

Commenting on the delisting of the Company's stock, Barry Schechter, Island
Pacific's Chief Executive stated "It is disappointing that the Company was not
granted additional time to become compliant with AMEX listing standards. Since
being appointed to my current position, the Company has made substantial
progress in its turnaround. We have released new technologies and announced
enhanced versions of our existing products to our customers. We have also been
building our pipeline for new business, both domestically and internationally,
and have been encouraged by the response from business partners and customers.
While the delisting is a setback, we are excited about the Company's turnaround
and will continue to maintain regular communications to the market while the
Company's common stock is quoted on the Pink Sheets."

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.



ABOUT PINK SHEETS LLC

Pink Sheets provides broker-dealers, issuers and investors with electronic and
print products and information services designed to improve the transparency of
the over-the-counter (OTC) markets. Pink Sheets' centralized information network
is a source of competitive market maker quotations, historical prices and
corporate information about OTC issues and issuers. Pink Sheets is neither an
SEC-Registered Stock Exchange nor a NASD Broker/Dealer. Investors must contact a
NASD Broker/Dealer to trade in a security quoted on the Pink Sheets. Pink Sheets
LLC is a privately owned company headquartered in New York City. More
information is available at http://www.pinksheets.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.



OUTSIDE INVESTOR RELATIONS CONTACT:
RON BOTH
Liolios Group
+ 1.949.574.3860
 ron@liolios.com