London, 7 September 2004. Tiger Telematics (Nasdaq TGTL) subsidiary of Gizmondo Europe Ltd. today announced an agreement with leading German games wholesaler and distributor Playcom Software Vertriebs GmBH. Playcom will be the exclusive distributor of the Gizmondo multi-entertainment device and accessories in the German and Austrian markets to independent retailers.
Wolfgang Myrth, Managing Director, Playcom Software Vertriebs GmbH says: "We are pleased that Gizmondo Europe Ltd. trust our experience and track record in computer games and related products. Playcom has been active in this segment since 1991 and we are excited to market such a superior product in our markets. Playcom anticipate to distribute 120,000 units of the Gizmondo multi-entertainment device to independent retailers through our distribution channels in Germany and Austria."
Carl Freer, Managing Director of Gizmondo Europe Ltd. says: "Playcom is a first-class partner with proven capabilities within this segment. We are very happy that we have now reached this agreement. Playcom is a guarantee that the Gizmondo device will be widely available through an extensive network of retailers in Germany and Austria. This is the first deal that we're pleased to announce in the German-speaking market."
Playcom serves about 2,000 retailers in Germany and Austria and also has a successful online shop for console games and accessories.
Wolfgang Myrth: "The Gizmondo beats everything that we have seen so far. With features such as GPS navigation on five continents, digital camera, SMS, MMS, MP3-Player, Bluetooth and much more, the Gizmondo clearly offers more functions than any other handheld device. But also within entertainment and marketing the Gizmondo opens completely new possibilities. Imagine for example walking in the city and the Gizmondo determines through the GPS that you are approaching a cinema. The cinema sends a video message by MMS with a movie trailer to you and offers a discount, because the film begins in 15 minutes - the possibilities are enormous."
Notes to editors:
Gizmondo Europe Ltd is a series of owned subsidiaries of Tiger Telematics Inc (NASDAQ Pk: TGTL) and is the maker of Gizmondo, a next-generation mobile entertainment device. Set to launch in the UK in 2004, the gaming device includes in-built music, video, messaging and picture functions.
Tiger 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.
Playcom Software Vertriebs GmBH is a leading provider of home entertainment to the German market for more than ten years. The company is a distributor and wholesale dealer in computer games and DVD, delivering to more than 2,000 retailers across Germany and Austria. Playcom also has an online store selling games and accessories to all major gaming platforms. The company headquarters is located in Erfurt in central Germany.
For further information on Gizmondo please contact:
Patrik Wallgren, Head of Global Public Relations
+44 7813 64 77 52
Mike Carrender, CEO
Tiger Telematics, Inc.
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; and those risks discussed in the Company's filings with the SEC.