New Senior VP joins Tiger Telematics(R) from Sony Europe
Management structure bolstered with appointment of VP of Worldwide Sales
LONDON, 27th January, 2005 - Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (other OTC, TGTL), is pleased to announce Mike Morgan will be joining the Tiger Telematics management team as Vice President of Worldwide Sales for Gizmondo from the 1st February 2005. Responsible for developing and implementing the company's dynamic go-to-market strategy, he will also spearhead driving sales through international retail, distribution and specialist channels, whilst engineering the company's expansion into new territories.
Morgan joins from Sony Europe where he was responsible for the foundation of their commercial business. As a member of Sony Europe's Sales and Marketing Platform management team, he developed Sony's commercial end-customer and channel strategies and business model, leading to the creation of commercial channel sales and marketing organizations across much of Western Europe. Additionally, he was responsible for developing and launching the Sony '1' channel program in Europe.
Prior to joining Sony, Morgan spent 9 years with Compaq and then the 'new' HP in various senior sales and marketing management roles including Channel Business Unit Director for Compaq UK and Ireland, and Director of Hewlett Packard's Enterprise Channel business in Europe, Middle East and Africa following the merger.
Morgan's formative career was spent with General Computer Corporation, Rank Xerox and Pitney Bowes. He was also a Commissioned Officer, and trained as a pilot in the Royal Air Force.
Mike Morgan, VP of Global Sales, Gizmondo, says: "Gizmondo is a dynamic company with a genuinely exciting product. A great deal of groundwork has been done already for the spring launches, and there are still many global channels to develop. I'm confident my experience will benefit the operational structure of both companies, as well as their continued growth."
Carl Freer, Managing Director, Gizmondo, says: "We are delighted to have Mike with us and welcome him to the management team. His considerable industry knowledge, garnered with both Sony Europe and Compaq, will prove an invaluable asset as we introduce the Gizmondo to market and develop strategies to extend the product portfolio."
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.
About Tiger Telematics and Gizmondo
Gizmondo Europe Ltd. is an owned subsidiary of Tiger Telematics Inc (OTC: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.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
For further information please contact:
Global Media:
James Beaven
Indigo Pearl
For and on behalf of Tiger Telematics, Inc. and Gizmondo Europe Ltd.
+44 208 964 4545
Michael Carrender, CEO
Tiger Telematics, Inc.
+1 904-279-9240
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