LONDON, 30th March 2005 - Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (other OTC, TGTL), today confirmed that major retail groups, John Lewis Partnership, The Carphone Warehouse and GameStation will be stocking the Gizmondo from this weekend, following the successful launch of its own Regent Street flagship store on 19th March.
The John Lewis Partnership, as previously announced, will be featuring the Gizmondo multi-entertainment device in its leading stores, namely; the London stores of Oxford Street and Peter Jones (Sloane Square). Milton Keynes, Newcastle, Cheadle, Brent Cross, High Wycombe, Bristol, and Bluewater. The group will also be selling the handheld device online through their website, www.johnlewis.com.
Julie Mitrovic, Assistant Buyer, John Lewis Partnership, says: "We identified last year that Gizmondo's arrival would expand the popular handheld gaming genre, and through its unique convergence of music and movie features, will prove an exciting addition to our assortment."
In Manchester, The Carphone Warehouse (CPW) will be featuring Gizmondo in selected stores from this weekend as a leading product in their entertainment category, which covers portable audio and video players, and gaming devices. CPW will also be retailing the Gizmondo from their website at www.carphonewarehouse.com/entertainment.
Kevin Gillan, Group Director of Business Development, CPW, says: "Our stores attract a variety of customers looking for handsets and mobile entertainment devices. With its wide range of features and functionality, the Gizmondo will have appeal to the customers we get in our stores.
GameStation, the fastest growing retailer of computer and video games in the UK, will be ranging the Gizmondo handheld device in Edinburgh and Birmingham. GameStation is a key destination for the Gizmondo consumer, both in terms of the launch demographic and the mainstream video gaming audience.
Carl Freer, Co-founder and Chairman, Tiger Telematics, says: "We were delighted by the response we received from the public at the recent opening of our own Regent Street store. We are now committed to building on that success and ensuring that we bring the benefits of the Gizmondo on a national level. We're pleased to have John Lewis, The Carphone Warehouse, and GameStation on board, and will be fully supporting their launches with comprehensive retail marketing campaigns, to include TV, outdoor and print media."
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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.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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