Hamilton, Bermuda, June 24, 1999 - Island Press (Holdings) Ltd. today reported to the BSX a delay in the reporting of their (six month) results. Chairman of the company, Randy French, has advised the BSX that an accounting backlog at the Bermuda Sun is reason for the delay. Mr. French states: "Our accounts are delayed because of technical problems with the advertising management system at the Bermuda Sun. Additional resources have been applied to catch up with the backlog and interim results will be reported to the BSX as soon as they are available."