LONDON, 7th April 2005 - Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (OTC: TGTL, OTC: TGTL.PK), is to open more of its crowd-stopping, technology packed flagship stores to support the global roll out of the unique Gizmondo multi-entertainment device.
Following on from the hugely successful opening and retail launch from its store at 175 Regent Street, in London's busy West End shopping district, the company has confirmed it will open a further 21 stores around the world in premium, high-footfall retail locations of major cities.
Following an identical design concept to the first store in London, the stylized, high-tech Gizmondo experience will have dedicated areas to each of the Gizmondo's six core functions of gaming, movies, music, camera applications, messaging, and GPS technology, allowing customers to explore and experience what the amazing convergence device can do. The new store locations are; New York's Times Square, Las Vegas, San Francisco, Los Angeles, Chicago, Miami, Paris, Monte Carlo, Milan, Hamburg, Barcelona, Luxemburg, Dubai, Capetown, Rio de Janeiro, Stockholm, Birmingham, Liverpool, Beijing, Shanghai and Moscow.
Carl Freer, Co-founder and Chairman of Tiger Telematics, says: "The performance of the London store has far exceeded our expectations, so much so that it's no wonder other gaming platforms have followed our lead. The new Gizmondo stores will be opening over the next 12 months, starting with New York's Times Square, which is one of the most highly-prized retail locations in the world."
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 now 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.
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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.
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