EXHIBIT 99.1

TAG-IT PACIFIC, INC. ANNOUNCES ISSUANCE OF $12.5 MILLION CONVERTIBLE NOTE
Thursday November 11, 4:13 pm ET

LOS ANGELES--(BUSINESS  WIRE)--Nov.  11, 2004--Tag-It Pacific, Inc. (AMEX: TAG -
NEWS), a full service outsourced trim management department for manufacturers of
fashion  apparel,  today announced it has completed a $12.5 million  convertible
note  financing.  The notes pay 6% interest,  are convertible at $3.65 per share
and include a total of 171,233  five-year  warrants,  with an exercise  price of
$3.65.  The notes,  which are secured  partially by the intangible  asset of the
Talon  trademark,  are redeemable by the Company after 12 months for cash at 115
percent of face value.  The  institutional  investors who  participated  in this
financing are all existing  shareholders.  Sanders  Morris Harris Inc.  acted as
placement agent for the offering.

Proceeds  of the  transaction  will be used to repay  the  existing  UPS  Credit
Facility and for working capital purposes, which includes the continued roll-out
of the Talon franchise model.

Colin  Dyne,  Chief  Executive  Officer of Tag-It  Pacific,  commented,  "We are
gratified with the confidence  these  institutional  investors have shown in our
growth  strategy,  and  pleased  with  the  favorable  terms  of this  financing
agreement,  which  includes a conversion  price at a premium to the market and a
future  option  enabling  the  Company  to  redeem  the  notes  for  cash.  This
transaction will provide the necessary working capital to execute our aggressive
growth strategy for our three operating divisions."

About Tag-It Pacific,  Inc. - Tag-It  specializes in the  distribution of a full
range of trim items to manufacturers of fashion apparel, specialty retailers and
mass  merchandiser.  Tag-It acts as a full service  outsourced  trim  management
department  for  manufacturers  of fashion  apparel such as Abercrombie & Fitch,
Kentucky Apparel and Azteca  Production  International.  Tag-it also serves as a
specified  supplier  of trim  items to  specific  brands,  brand  licensees  and
retailers,  including  Levi Strauss & Co.,  Abercrombie  & Fitch,  Express,  The
Limited,  Miller's  Outpost  and  Lerner,  among  others.  In  addition,  Tag-It
distributes  zippers  under its Talon  brand name to  manufacturers  for apparel
brands and retailers such as Levi Strauss & Co., Wal-Mart, JC Penny and Tropical
Sportswear,  among  others.  In 2002,  Tag-It  created a new division  under the
TekFit brand name.  This  division  develops and sells apparel  components  that
utilize the patented Pro-Fit  technology,  including a stretch waistband.  These
products  are  marketed  to the same  customers  targeted  by our  Managed  Trim
Solution and Talon zipper divisions.

Forward Looking Statements:

With the exception of the historical  information,  this press release  contains
forward-looking  statements,  as referenced in the Private Securities Litigation
Reform Act.  Forward-looking  statements  are  inherently  unreliable and actual
results may differ materially.  Examples of  forward-looking  statements in this
press release include the benefits of our new TrimNet system, and the successful
expansion  of our zipper  business,  of our.  Factors  which could cause  actual
results to differ materially from these  forward-looking  statements  include an
unfavorable  outcome in our  litigation  with Pro-Fit  Holdings  relating to our
stretch  waistbands,  the  unanticipated  loss of one or more  major  customers,
economic  conditions,  the  availability  and cost of  financing,  the risk of a
softening  of  customer   acceptance  of  the  Company's   products,   risks  of
introduction  by competitors of trim  management  systems with similar or better
functionality  than our  Managed  Trim  Solution,  pricing  pressures  and other
competitive factors,  potential fluctuations in quarterly operating results, our
management  of  potential  growth and the risks of  expansion  into new business
areas.  These and other risks are more fully described in the Company's  filings
with the  Securities  and  Exchange  Commission  including  the  Company's  most
recently  filed Annual  Report on Form 10-K and  Quarterly  Report on Form 10-Q,
which  should  be read in  conjunction  herewith  for a  further  discussion  of
important  factors that could cause  actual  results to differ  materially  from
those in the forward-looking statements. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.