Tiger Telematics Confirms Gizmondo(tm) Street Date For North America
LOS ANGELES - Electronic Entertainment Expo: Gizmondo Europe Ltd subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (other OTC, TGTL) is pleased to announce the street date for North America of its new multi-entertainment handheld as the 11th August, 2005.
The announcement follows recently press released detail of hit content from major games publishers [06/05/05: "Gizmondo Lines Up Four Ubisoft Blockbusters", and 17/05/05: "EA Backs Gizmondo With Blockbuster Titles And Co-Publishing Deal"], and a declaration that 89 games will be launching on Gizmondo this year.
The extremely powerful, pocket-sized console is attracting enormous attention at the E3 (Electronic Entertainment Expo) event in Los Angeles, California, where it's currently exhibiting (stand #1078). As well as demonstrating the six core functions of games, music, movies, messaging, digital camera, and onboard GPS, Gizmondo has used this globally-renowned industry event to unveil two brand new awesome gaming features, Augmented Reality and Gyroscopic Camera Technology, as well as the line up of GPS-enabled games exclusive to the format.
Mike Morgan, VP of Global Sales, Gizmondo, says: "We will be announcing our retail and distribution partners through the trade media over the next few weeks. The sales meetings being conducted at the show have been tremendously productive and there is a genuine excitement regarding the product from everyone we've met with."
Carl Freer, Co-founder and Chairman, Tiger Telematics, says: "The partnerships we've developed with major games publishers, married with internally developed content, satellite navigation products and Smart Adds, will present a unique portfolio that will guarantee the Gizmondo will stand out when we launch in the US on 11th August." He added, "The North American market is hugely important and we will make every necessary resource available to ensure a successful launch."
For further information please contact:
Global Media:
James Beaven
Indigo Pearl
+44 208 964 4545
US Media:
Bryan Lam
Kohnke Communications
(415) 777-4000
German Media:
Torsten Oppermann
Indigo Pearl DE
+49 40 25330267
French Media:
Frederic Henry
Frederic Henry Communications
+33 1 55 34 24 24
Editors Notes
About Gizmondo
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 SD and MMC card accessories.
The Gizmondo device and its games are currently launching the in UK and Continental Europe markets, with the North American launch to be announced this week.
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. Patents pending. 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