SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 6, 2005
Island Pacific, Inc.
(formerly known as SVI Solutions, Inc.)
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-23049 33-0896617
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(Commission File Number) (IRS Employer Identification No.)
19800 MacArthur Boulevard, Suite 1200, Irvine, California 92612
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(Address of Principal Executive Offices) (Zip Code)
(949) 476-2212
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(Registrant's telephone number, including area code)
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING
RULE OR STANDARD
On June 6, 2005, Island Pacific, Inc. (the "Company") received notice from the
American Stock Exchange ("Amex") indicating that it is not in compliance with
certain Amex continued listing standards. Specifically, the Company is not in
compliance with Section 1003(a)(iv) of the Amex Company Guide in that it has
sustained losses which are so substantial in relation to its overall operations
or its existing financial resources, or its financial condition has become so
impaired that it appears questionable, in the opinion of the Amex, as to whether
such company will be able to continue operations and/or meet its obligations as
they mature. In response to this notice the Company intends to submit a plan to
Amex setting forth the actions it has taken and intends to take to bring the
Company back into compliance with the continued listing standards within the
next three months.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
Island Pacific, Inc.
Date: June 6, 2005 By: /s/ Barry Schechter
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Name: Barry Schechter
Title: Chief Executive Officer