LONDON, 4th March 2005 - Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (other OTC, TGTL), today announces an official UK street date of 19th March for Gizmondo to coincide with the opening of its flagship store at 175 Regent Street in London's busy West End, where retail units of the multi-entertainment handheld will go on sale to the public. Gizmondo will also be available through selected retail partners in the UK on the same day.
As well as demonstrating the incredible power and functionality of the Gizmondo device at the premier London venue, the store (located across the road from Hamley's) will be playing host to other amazing technologies, like a low-frequency sound generator and a huge 3D plasma TV display. A major launch event is planned in conjunction with the store opening, details of which will follow shortly.
The £229 (inc VAT) launch package will include the Gizmondo, a standard 1100mAh battery and mains charger, contract-free SIM card, an SD card containing music, game and movie demos, in-the-ear headphones, driver software and a 1.75m USB cable. Games will be priced at three levels: £9.99, £19.99, and £29.99.
The new entrant into the handheld gaming market, Gizmondo will be ramping up the production as quickly as possible to help retailers satisfy customer demand.
Carl Freer, Managing Director, Gizmondo, says: "Gizmondo is the British challenger in a market that will witness a spectacular boom this year. We've been able to introduce exciting new features like GPS into gaming, and with such a remarkable list of features, the Gizmondo is the most powerful, feature-laden piece of multi-entertainment hardware available."
The Gizmondo is powered by Microsoft Windows CE advanced real-time operating system, boasting a 2.8-inch TFT colour screen with a Samsung ARM9 400Mhz processor and incorporates the GoForce 3D 4500 NVIDIA graphics accelerator. It provides cutting-edge gaming, multimedia messaging, an MP3 music player, Mpeg4 movie playing capability, a digital camera and a GPRS network link to allow wide-area network gaming. Additionally, it contains a GPS chip for location-based services, is equipped with Bluetooth for use in multi-player gaming and accepts SD and MMC card accessories.
The Gizmondo device and its games are in retail stores from 19th March 2005 in the UK, and in North American and Continental Europe markets from Spring 2005.
About Tiger Telematics and Gizmondo
Gizmondo Europe Ltd. is an owned subsidiary of Tiger Telematics Inc (TGTL) and is the maker of Gizmondo, a next-generation mobile entertainment device. Launched in 2004, the gaming device includes built-in music, video, messaging and picture functions and GPS.
Tiger Telematics is a designer, developer and marketer of mobile telematics systems and services that combine global GPS functions and voice recognition technology to locate and track vehicles and people down to street level in countries throughout the world. The systems are designed to operate on GPS and are currently being marketed to GSM current and potential subscribers, primarily by the company's United Kingdom based subsidiaries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Tiger Telematics, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Tiger Telematics Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favourable terms; the schedule and sell-through for new software release; consumer demand for video game hardware and software; the timing of the introduction of new generation competitive hardware systems, pricing changes by key vendors for hardware and software and the timing of any such changes, and the adequacy of supplies of new software product and those risks discussed in the Company's filings with the SEC.
In light of the risks and uncertainties inherent in the forward-looking statements, these statements should not be regarded as a representation by Tiger Telematics, Inc. or any other person that the projected results, objectives or plans will be achieved. Tiger Telematics, Inc. undertakes no obligation to revise or update the forward-looking statements to reflect events or circumstances after the date hereof