SVI Store Solutions Signs POS Contract with Silver Dollar City

Business Wire, Oct 16, 2002

Business Editors

CARLSBAD, Calif.--(BUSINESS WIRE)--Oct. 16, 2002

Regional Theme Park Operator Also Successfully Completed Upgrade to

Latest Release of Island Pacific's Merchandise Management System

SVI Store Solutions, a division of SVI Solutions Inc. (AMEX:SVI), announced today that Silver Dollar City (SDC Inc.), a regional theme park operator with five high-profile properties in Branson, Mo., along with Dollywood in Pigeon Forge, Tenn., and Stone Mountain Park in Atlanta, has signed a contract with SVI to implement its OnePointe(TM) Point-of-Sale (POS) solution.

Silver Dollar City is currently a customer of Island Pacific, also a division of SVI Solutions Inc., and recently completed a successful upgrade to the latest release of Island Pacific's Merchandise Management system.

"Operating with two separate software products, one for POS and the other for inventory management, created a very difficult situation for us," said Phil Pisciotta, corporate vice president of information technology, Silver Dollar City Inc. "We determined that a fully integrated, single vendor solution would alleviate the maintenance burden we were continually facing. When SVI announced OnePointe(TM), we immediately expressed our interest. It has taken over two years to work out the details, but I am pleased to announce we have an agreement and a partnership with SVI as our single vendor solution."

"We are pleased that Silver Dollar City has chosen us as their single vendor solution," said Barry Schechter, chairman and chief executive officer, SVI. "A company can achieve great efficiencies by integrating their software applications and processes. That is why we have dedicated considerable resources to our integration efforts. Our goal is to be our customer's technology partner, not just an application provider."

About SVI Store Solutions' OnePointe

SVI Store Solutions' OnePointe(TM) is a feature-rich application created with the specialty retailer in mind. Over 10 years of product development has resulted in a solution with a high degree of fit and value out of the box. Additionally, the software was designed for easy customization, enabling the SVI development team to quickly develop solutions to meet retailers' specific POS requirements.

SVI Store Solutions OnePointe(TM) applications suite provides key benefits to retailers including:

-- Multi-channel applications

-- Feature rich base application evolved over 10 years

-- Thick or thin Client models

-- Hardware platform independence

-- Exceptional deal/promotional pricing module

-- Exceptional peer-to-peer communications module

-- Proven track record of hardware and software investment protection

-- Integrated store and enterprise end-to-end solutions (OnePointe and Island Pacific)

About Island Pacific's Merchandise Management System

Island Pacific's Merchandise Management system is designed to assist retailers in maximizing the potential of the people, products and ideas that make up their business. 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, Island Pacific's business analysis and planning tool, The Eye(TM), utilizes advanced data storage techniques and information filtering to support strategic decision-making activities. Because The Eye's datamart features ease of use, high-level performance, and user definable data reporting and display, it combines the advantages of a custom software solution with the upgrade benefits of packaged software.

In addition to the core modules included in Merchandise Management, the architecture itself provides advantages. Island Pacific employs a single-version development philosophy 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 advances.

About Silver Dollar City

Dedicated to bringing the colorful heritage and fun of geographic regions to life, Silver Dollar City Inc., based in Branson, Mo., operates themed attractions in the Ozark Mountains, the Great Smoky Mountains and Stone Mountain, Ga., employing 5,000 people. Properties include Silver Dollar City, the Showboat Branson Belle, White Water water park and The Grand Village in Branson; Dollywood and Dolly's Splash Country water park with partner Dolly Parton in Pigeon Forge, Tenn., along with the Dixie Stampede attractions in Pigeon Forge, Branson and Myrtle Beach, S.C.; and privatized sections of Stone Mountain Park in Atlanta, Ga.

The Silver Dollar City Corp. has a long history that began in the 1950s with the operation of Marvel Cave, located in the now-famed Branson, Mo. Silver Dollar City, built atop the cave, was the original theme park, introduced in 1960. The 1880s-style Ozark village has grown into one of Missouri's largest attractions, drawing over two million visitors annually.