LONDON, 7th January, 2005 - Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (other OTC, TGTL), today announced plans for a thumb-bending Sega Classics arcade pack to be released on Gizmondo, having signed letters of intent with Digital Media Cartridge Ltd ("DMC" in the following).
The games being discussed include Sonic the Hedgehog, Outrun, Golden Axe, Altered Beast and Shinobi. These arguably form the foundation on which videogaming was built, and it's true testament that these games are every bit as entertaining as when they first appeared in the arcades.
Each title plays perfectly on the new handheld multi-entertainment device. The pin-sharp screen of the Gizmondo will give this Sega Classics pack a youthful facelift, but the games themselves will be left as nature intended. The game cartridge will be developed and made at DMC's facility in Taiwan.
Lucky show-goers at the 2005 Las Vegas Consumer Electronics Show have a surprise in store for them today when Sonic the Hedgehog will be shown on the Gizmondo for the very first time (Stand #70037, Central Plaza).
Brian Moon, Senior VP of Business Development at DMC, offered, "The fact that these games are every bit as playable today as they were back on 16-bit machines is a tribute to their heritage and the teams that developed them. It's great that we can bring them bang up to date by using today's hardware and introduce an entirely new audience to some of the greatest games ever devised".
Steven Law, Chief Operating Officer, Gizmondo Europe, said, "The Sega brand is synonymous with gameplay and quality. These games hold a special attraction to the traditional early adopter, but equally, represent entirely new territory for those that missed the 16-bit revolution."
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 MMC card accessories.
The Gizmondo device and its games are currently launching in the U.K. and in North American and Continental Europe markets late in the first quarter 2005. Gizmondo is also on show at the Consumer Electronics Show (CES) in Las Vegas, stand #70037, Central Plaza, from 6th-9th January 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.
About Digital Media Cartridge, Limited
Digital Media Cartridge, Ltd. was founded in 2003 as a British Virgin Islands company having multiple development locations in the world and manufacture facility in mainland China and Taiwan. The company develops, publishes and distributes interactive entertainment software products for a variety of hardware platforms including PC, mobile and wireless devices
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
For further information please contact:
For and on behalf of Tiger Telematics, Inc. and Gizmondo Europe Ltd.
+44 208 964 4545
Michael Carrender, CEO
Tiger Telematics, Inc.
For and on behalf of Digital Media Cartridge, Ltd.
Brian D. Moon, Senior VP of Business Development
Digital Media Cartridge, Ltd.
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.