London, 10th January, 2005: Gizmondo Europe Ltd, subsidiary of Jacksonville, FL based Tiger Telematics Inc (TIGR), and TGTL announced it will develop Buena Vista Games' "TRON 2.0" for the wireless, handheld Gizmondo platform. Buena Vista Games Inc. is the interactive entertainment arm of the Walt Disney Company's Consumer Products business unit that publishes a broad portfolio of multi-platform video games worldwide. The game will be developed in house by Gizmondo Studios, which was named Warthog Games when it was acquired on October 29, 2004 by TGTL. TGTL exhibited the multi-entertainment device at this year's Consumer Electronics Show (CES) in Las Vegas, Nevada, as well as being featured on the Microsoft and Nvidia stands. The event that ran from Jan. 6-9, 2005, introduced the feature-packed Gizmondo to the U.S. market, ahead of the soon-to-be-announced, late-Q1 2005 launch date.
Carl Freer, Managing Director, Gizmondo Europe said. "We are excited to be working with Buena Vista Games in developing this exciting property and bringing it to the powerful Gizmondo device with its 3-D graphics features. TRON 2.0 will be seen from a totally new perspective on our device. We hopefully look forward to working with BVG on additional properties in the future. "
The TRON 2.0 game may include game-play elements unique to the device, such as location-based action and stealth using its unique GPS functionality. This provides Gizmondo users with a new dimension experience, especially suitable for multi-player scenarios.
Buena Vista Games' TRON 2.0 is a first-person action game based on the present-day sequel to the 1982 cult film classic. It could be adapted by Gizmondo to take into consideration a player's actual, physical location in a multi-player scenario. You can envisage an intense gaming experience consisting of an exciting sci-fi scenario, played out in an actual city environment. Players battle digital opponents with their Tron discs, get ambushed around the next, actual corner by Datawraiths and race their high-speed light cycles against rival Tron players in the vicinity. All in addition to the TRON 2.0 single player, story-line scenario.
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. Additional information on the arrangement can be found at www.sec.gov under Tiger Telematics, Inc. as a part of its SEC required filing on Form 8K on this arrangement.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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 Buena Vista Games
Buena Vista Games, Inc. is the interactive entertainment arm of The Walt Disney Company's Consumer Products business unit. The division publishes, markets and distributes a broad portfolio of PC and multi-platform video games worldwide. The company also licenses properties and works directly with third-party interactive game publishers to bring products for all ages to market. Titles for Buena Vista Games fall under two publishing labels: Buena Vista Interactive, which publishes high-profile, multi-platform games based on creative content from the numerous businesses within The Walt Disney Company as well as new intellectual properties, and Disney Interactive, publishes the company's interactive entertainment based on Disney branded properties
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.