LONDON, 13th January, 2005 - Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (other OTC, TGTL), commented today on the rapturous response from show-goers at this year's CES show in Las Vegas, Nevada, where the Gizmondo was being exhibited to an international trade and media audience.
The show is the highlight of the consumer electronics calendar, and the bright lights of Vegas weren't the only thing to dazzle visitors this year. Gizmondo captured the attention of visitors coming into the 'Innovations Plus' section of the show, and each of the demo pods were inundated with people eager to get hands on with the device.
As well as being CNET's Next Big Thing 2005 finalist in the Accessory category and picking up several other nominations, the greatest accolade was the response from those who were seeing the Gizmondo for the first time.
The event was also a staging post to unveil new products like Richard Burns RallyTM, Sonic the HedgehogTM, TrailblazerTM, and the opening levels of the stunning new GPS-enabled game, ColorsTM.
"The show has been a resounding success for us, and the buzz surrounding the product was even better than we anticipated", said Carl Freer, Managing Director, Gizmondo, "We would like to thank everyone who came to see us, and look forward exceeding their expectations further still at this year's E3 show in May".
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 during the spring of 2005.
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.
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.