SLI Systems Completes Second Consecutive Profitable Year With Revenues Doubled Over Previous Year

Learning Search(TM) Services Provider Sees Increased Demand From Retailers for Site Search, Site Champion and New Ad Champion Offerings

SAN FRANCISCO, CA - September 21, 2005 - S.L.I. Systems, Inc., a provider of search technology and services that enhance results and revenues for Internet sites and e-commerce destinations, today announced that it continued its track of steady growth and completed its fiscal year ending June 30, 2005, cash flow-positive for the second year in a row. As the company continued to see greater demand for its learning-based suite of offerings, including Learning Search™, Site Champion™ and Ad Champion™, SLI Systems doubled its revenues and improved profits nearly four times over last year's results.

"With so many search products on the market, it's getting harder for companies to sort through the many different approaches and find a solution that best meets their needs," said Dr. Shaun Ryan, CEO of SLI Systems. "We're happy to see that our offerings, which deliver results based on the most popular items people click on, are helping customers capture more sales. As a result, we are seeing increasing interest from retailers in using our solutions to improve the customer experience."

According to industry research, the overall search industry is growing rapidly and is estimated to go from $1.5 billion in 2003 to $7 billion in 2007.(1) As part of this trend, SLI Systems will continue to provide retailers with a cost-effective way to market and sell their products.

With its recently announced Ad Champion, SLI Systems's Learning Search suite of products now includes managed solutions for search engine marketing (SEM) as well as search engine optimization (SEO), site search, and e-commerce search.

Learning Search analyzes visitors' aggregate search terms on a retailer's site and the corresponding items clicked on. Based on this information, the solution delivers more relevant search results, and also gives companies a view into visitors' searching and purchasing behavior.

Site Champion, SLI Systems's SEO service, uses the Learning Search engine to create optimized web pages for Internet search engines. Additionally, Ad Champion uses the data to automatically create rich, ever-changing paid search listings that better match what people are looking for.

Retailers using the company's Learning Search offerings include Tupperware, Northwest River Systems (NRS), Qantas Airlines, Etronics.com and others.

(1) Source: Piper Jaffray & Co., June 2004

About SLI Systems

SLI Systems is the developer of learning-based search technology for corporate Internet sites, e-commerce destinations and consumer Internet portals that Searches, Learns and Improves the user experience. SLI Systems's technologies empower businesses to enhance customer satisfaction while increasing sales, reducing costs and yielding valuable customer information. Unlike traditional search software, SLI Systems's patented technology continuously "learns" from the behavior of visitors over time to deliver more relevant results. Current customers include Etronics.com, NBC, Tupperware, VERITAS and others. SLI Systems is a privately-held company which maintains offices in San Francisco, London, and Christchurch, New Zealand. For more information, visit www.sli-systems.com.

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