LONDON, 17th February, 2005 - Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (other OTC, TGTL), confirmed today in order to extend its exposure beyond the primary consumer electronics focus, it will be attending the American International TOY FAIR, hosted at the Javits Convention Center in New York from the 20-23rd February 2005 by the Toy Industry Association®, Inc.
American International TOY FAIRTM is the largest toy trade show in the Western Hemisphere. More than 1,500 manufacturers, distributors, importers and sales agents from 30 countries showcase their toy and entertainment products, and are visited by more than 20,000 buyers from over 87 countries. Gizmondo will be exhibiting at booth number 5967, giving first-hand demonstrations of the new Gizmondo multi-entertainment handheld.
Releasing this spring across North America and mainland Europe, this powerful piece of gaming, multimedia, and communications hardware will ultimately be targeted at users of all ages making this event a good platform to give retailers and buyers a taste of what's in store.
Carl Freer, Managing Director, Gizmondo Europe, says: "The Toy Fair is an excellent opportunity for us to engage the retail community directly, and showcase the amazing functionality of the Gizmondo. Our target demographic will broaden significantly by the end of this year, and our retail presence will escalate accordingly."
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 this spring 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 Toy Industry Association
Toy Industry Association, Inc. (TIATM), founded in 1916, is the national New York City-based trade association for U.S. producers and importers of toys, games and children's entertainment products. Its 300+ members account for 85 percent of industry sales; associate members include toy testing laboratories, design firms and professional inventors. Government, the trade, the media and consumers, recognizes TIA as the authoritative voice of the U.S. toy industry.
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
US Media (also representing at the Toy Fair):
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; the schedule and sell-through for new software release; consumer demand for video game hardware and software; the timing of the introduction of new generation competitive hardware systems, pricing changes by key vendors for hardware and software and the timing of any such changes, and the adequacy of supplies of new software product and those risks discussed in the Company's filings with the SEC.
In light of the risks and uncertainties inherent in the forward-looking statements, these statements should not be regarded as a representation by Tiger Telematics, Inc. or any other person that the projected results, objectives or plans will be achieved. Tiger Telematics, Inc. undertakes no obligation to revise or update the forward-looking statements to reflect events or circumstances after the date hereof