LONDON, 5th August 2005 - Gizmondo Europe Ltd subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (other OTC, TGTL), today announced a trio of major UK retailers will be stocking the Gizmondo multi-entertainment handheld.
Argos is the UK number one retailer for toys, small electrical appliances and housewares. It is also a leading player in many other markets including consumer electronics and publishes two catalogues a year, the spring/summer edition in January and the just published autumn/winter edition in July, which features the Gizmondo handheld and games. Customers are offered a multi-channel approach to shopping via stores, through the website and over the telephone.
Comet is the second largest electrical retailer in the UK and part of KESA Electricals plc. With a fast-growing Internet sales, Comet will be retailing the Gizmondo online and in its destination stores, featuring the £129 price-point Smart AddsTM-enabled device.
HMV is the UK and Ireland's leading specialist retailer of Music, DVD/Video, Computer Games and Related Products, and is also selling the Gizmondo and games via its popular online retail site.
Previously announced UK retailers include Harrods, CarPhone Warehouse (CPW), John Lewis, and an extremely supportive independent channel managed via Just Distribution. The Gizmondo flagship store in Regent Street, London, continues to provide a brand experience and technology showcase in this high-traffic location.
Jamie Robertson, Commercial Director, Gizmondo, says: "We are extremely pleased to have Argos, HMV and Comet onboard. Manufacture is being scaled up accordingly, and we will continue to work closely with all our retail partners as our portfolio of content continues to grow."
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 SD and MMC card accessories.
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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.
'Gizmondo', 'Smart Adds', 'Tiger Telecom', 'Gizmondo Games' and the 'Gizmondo' logos and devices are trademarks of Gizmondo Europe Limited. All rights reserved. All third party trademarks and/or copyright material are the property of their respective owners.
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