LONDON, 10 September 2004. Tiger Telematics (other OTC, TGTL) subsidiary, Gizmondo Europe Ltd, today announced that the launch of the Gizmondo will take place October 29. The launch starts in the UK and will then be extended in 2005 worldwide. After the UK first stage, the prioritised markets are Europe and North America as well as Australia and New Zealand.
"Our intention is to bring our device to markets worldwide," said Carl Freer, Managing Director of Gizmondo Europe Ltd. "The launch and arrival of Gizmondo starting in the UK signifies a new era in portable entertainment. The timing also means that the highly anticipated multi-entertainer will be available in time for the Christmas trade. And positions us well ahead of our nearest competitors."
Steve Carroll, CTO, Gizmondo Europe Ltd said: "Everything's gone according to schedule and now we can enjoy the fruition of our hard work. I'm very proud that the world is now able to enjoy our leading engineering and entrepreneurship. It's going to be fun out there."
"We believe that the Gizmondo is one of the most powerful handheld devices that will be on the market in the UK. It is loaded with different options, and depending on what you would like to do, the Gizmondo has got it," according to Steve Carroll. At its heart is a games function of ground-breaking quality. Alongside the games, Gizmondo also offers a full range of entertainment possibilities. The device encompasses a movie player for films, an MP3-player for music, SMS and MMS communication, GPS-navigation and a high-resolution digital camera. Quite simply, Gizmondo is an entertainment centre that fits in your pocket.
Notes to Editors:
Gizmondo Europe Ltd is a series of owned subsidiaries of Tiger Telematics Inc (Other OTC: 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.
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.