LONDON, 8 November, 2004 - Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (other OTC, TGTL), announced today the signing of a contract with Microsoft Game Studios to bring killer gaming titles to this powerful handheld console. This collaboration will include AAA titles, 'Age of Empires', 'MechAssault' and 'It's Mr Pants'. These games give handheld console gamers the ability to experience top Microsoft games.
The Gizmondo device was launched in the UK on 29th October and recently won the Design Solution of the Year Award at The Electronics Industry Design Awards in England. This deal helps ensure that Gizmondo users have a rich catalogue of proven game brands, but with the added value of total mobility and flexibility.
Carl Freer, Managing Director, Gizmondo, says: "This deal strengthens the existing linkage between Gizmondo and Microsoft Game Studios. We welcome their enthusiasm and look forward to carrying the titles on our pocket-sized console. Our collaboration puts both Gizmondo and Microsoft Game Studios in a great position to meet all challengers in the handheld gaming market."
The first three games approved for release are:
'Age Of Empires' - Microsoft Game Studio's largest gaming brand comes to Gizmondo. One of the finest real-time strategy games available.
'MechAssault' - 40-foot-tall, walking tanks battle it out for supremacy. An ideal, third-person action game for a handheld platform and 'MechAssault' is a huge brand.
'It's Mr Pants' - Developed by RARE, this is a simple puzzle game providing fun entertainment. A classic favourite.
There are two more major titles in the pipeline.
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 were launched in the UK in late October. The Gizmondo will be launched in Europe and North American markets during 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.
Microsoft Game Studios is a registered trademark of Microsoft Corporation in the United States and/or other countries.
For further information please contact:
For and on behalf of Tiger Telematics, Inc. and Gizmondo Europe Ltd.
+44 208 964 4545
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.