http://www.warthog.co.uk
Daily Execution Price and Volume

Major Shareholders
( 4 Nov 04) 367.48m 1p Ords - Evo Noms Ltd 9.12%, Broughton Ltd 8.16%, Chase Nominees Ltd 4.76%, Barclayshare Noms Ltd 4.71%, Goldman Sachs Secs (Noms) 4.18%, HSBC Global Cust Noms (UK) 3.81%, Gartmore Inv Ltd 3.09%, A J Hall 2.05%, Other Dirs 1.34%.
http://www.hemscott.com/internet/custom/whog/
Trades over 90,000 shares are delayed in reporting by 1 hour.

03 November 2004
WARTHOG PLC
DISPOSAL OF SUBSIDIARIES

The board of Warthog plc (the 'Company') announces that it has today completed
the sale of all of the Company's subsidiaries to Tiger Telematics, Inc ('TGTL')
together with the transfer to TGTL of certain intra-group indebtedness due to
the Company. The total consideration including assumed indebtedness is $8.11
million of which $1,113,000 will be paid in cash and $7 million satisfied by way
of an allotment of 497,866 shares of common stock in TGTL at $14.06 per share,
being the average mid market closing price of a TGTL common share over the 14
days preceding completion. These shares are restricted stock and as such can
only be traded on or after the first anniversary of completion (the
'Anniversary') in accordance with U.S. securities laws. Up to the Anniversary,
these shares will be held in escrow against any claim arising under certain
warranties, tax indemnities and completion account net asset value adjustments
set out in the sale and purchase agreement. 150,000 of the cash consideration
will also be held in escrow until the Anniversary, pending specific warranties.
The Company has waived the balance of all other amounts due to it by its former
subsidiaries.

Upon completion of the transaction, the executive directors Ashley Hall, Steven
Law and Simon Elms together with one other remaining employee of the Company
will transfer employment to TGTL leaving Ian Templeton FCA and David Robinson as
non-executive Directors of the Company. The Company has also undertaken to
change its name and will be calling an EGM to effect such a change in due course
and will at that time update shareholders further.

The board of Warthog plc has sought to complete this transaction as rapidly as
possible (and therefore did not elect to seek shareholder approval) because the
group has continued to face difficult trading conditions within the games
development industry, as reported in the Company's Final Results on 28 September
2004, which has put the group under ongoing financial pressure. In addition,
TGTL required the transaction to be consummated as expeditiously as possible, in
conjunction with the commencement of shipping of its Gizmondo product into the
UK. The transaction leaves the Company having discharged substantially all of
its liabilities and with a valuable shareholding in TGTL which will be capable
of realisation in a year's time. The realisable value of this shareholding
depends entirely upon the commercial success of TGTL and the performance of the
TGTL shares on the financial market.

The board considers, in conjunction with its advisers, that this transaction
represents the best available outcome for the Company and its shareholders.

Tiger Telematics, Inc is listed on the 'NASDAQ Other OTC Market' under symbol
'TGTL'. TGTL's publicly stated intention is to apply for a listing on the
'NASDAQ National Market' in December 2004. TGTL 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
subsidiary, Gizmondo Europe Limited ('GEL'). GEL is a wholly owned subsidiary of
TGTL and is the maker of the Gizmondo, a next-generation mobile entertainment
device which includes games, built-in music, video, messaging and picture
functions and GPS. On 29 October, TGTL began shipping its first generation
product as part of a strategic retail roll out in the UK.

The transaction gives GEL access to existing games content and porting
technology to enable the transfer of titles developed for use on other platforms
on to the Gizmondo handheld device. Warthog plc shareholders will therefore
benefit from continued investment in TGTL as it seeks to exploit the games
content and technical capabilities that the Company has developed over the past
few years.

As previously announced on 12 October 2004, GEL is interested in 8.62 per cent.
of the Company's current total issued ordinary share capital.

About the Gizmondo device
The Gizmondo is powered by a Microsoft Windows CE.net platform, boasts 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 due for launch in the UK in the fourth
quarter 2004 and in North American markets from the first quarter 2005.

Further information on TGTL, GEL and the Gizmondo device can be found at:
www.tigertelematics.com
www.gizmondo.com
Enquiries:
Ian Templeton
Chairman - Warthog plc
Tel: 0870 122 5420

6 November 2004.
Daily Mail Newspaper : Page 80.

DEALERS believe that Warthog, 0.11p dearer, could be a good recovery punt. More than 52m shares in the computer games developer changed hands on hopes that the worst is over. Tiger Telematics, a leading European games console maker grabbed it by the tusks in October when it bought its subsidaries, intellectual properties and assests. In return Warhog acquired a stake in TT which is now worth at least 3p per share.

thesaurus todays sells were only worht c 7,500 in total so no need to panic.....yethowever it would be nice if TGTL moved on towards $20

TGTL submitted its report for the 3rd quarter of 2004 yesterday. Getting closer to compliance and a full Nasdaq listing.

iturama, this feels like a saga.I thought they planned to already have a full listing by now.
Can anyone remember the July date when TGTL launch GIZ in the states?

willfagg - the july date for the Giz launch is August 11th. (Or so it says on my calendar) ;-)

Thanks starfrog, i guess i see this as the next key stage unless they annonce any sales revenue sales in the meantime.

From T3 Magazine....

PS3: Most expensive games console ever?
Sony Computer Entertainment CEO Ken Kutaragi hints at PS3s potentially sky-high price tag.

If were to believe Sonys well-oiled hype machine, PlayStation 3 will drop an almighty silicon-packed turd on Xbox 360. Sure, hardware stats mean jack without cold hard proof of how the software performs, but thats still some way off. Nonetheless, here at T3 were still utterly fired up and convinced that PS3 boasts the potential of becoming the ultimate games platform. But heres the pinch Sony Computer Entertainments CEO Ken Kutaragi has suggested that the price of this scorching piece of kit could be super steep.

Speaking to Japanese economic website Toyo Keizai, he stated that Sonys aim for PS3 is for consumers to think to themselves 'I will work more hours to buy one'. We want people to feel that they want it, irrespective of anything else." Surely a pretty fat hint that PS3 could launch with an unprecedented price. Hardly surprising, considering that PS3s custom-made nVidia graphics chip codenamed RSX is said to be as powerful as two of nVidias top PC graphics cards currently worth around 400 a pop.


So its educated guesstimate time. Or better still, time to whip out T3s trusty crystal ball. Were seeing a four a five and a zero. 450 it is then. Sporting speculation aside, watch this space for the most up-to-date PS3-related news and goss.

http://www.companyannouncements.net/cgi-bin/articles/20050706150000NR762.html

WHOG just moved up twice in the last few moments!! Something happened?

LONDON, July 6 /PRNewswire-FirstCall/ -- Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. , announces plans to open an office in Los Angeles, California by August 2005 prior to the launch of the Gizmondo in the USA, whilst streamlining its European operations to reflect a shift in emphasis towards the large North American markets and to prepare for future strategic initiatives by the company.

The new West Coast operation will work in tandem with the Florida-based parent office to exploit the music and movie-centric opportunities based in LA, as well and nurturing relationships with games publishers based in and around the West Coast, but its most significant mandate will be to facilitate and optimise sales and marketing opportunities in the USA, with the offices in Florida, Texas and California providing excellent geographic presence to maximise North American sales.

As part of the company-wide operational restructure and right sizing, Gizmondo Studios will be consolidated to maximise the efficiency and costs of game development. The overheads will also be reduced by half to reflect the co-publishing and development commitments from major game publishers, which has significantly lessened the need for internally biased game development programs. Some employees will be relocating as part of the move bringing teams in house, principally in the LA facility, which will host a new game development suite.

This new internal technology R&D team will specialise in developing gaming applications which utilise the unique GPS, camera technology, and GPRS connectivity of the device, following an ecstatic reception to work-in-progress titles, Agaju(TM), Colors(TM) and Supernaturals(TM) at this year's E3 trade show in May.

Carl Freer, co-founder and Chairman, Tiger Telematics, says: "Over the past 18 months the company has grown aggressively and organically to meet the challenges of our primary launch territories. Now, following several months of internal consultation and investment scrutiny, we're able to streamline our European and development operations to ensure we're lean, effective, and structured appropriately for pending ventures."

TGTL finished strongly yesterday and looks poised to break out. As it is, it has good support around $15.50, and the par value to Whog is now 1.32p. Unsustainable discount considering that there is now less than 4 months to the anniversary when the shares/cash become distributable.

iturams
shares and cash may become distributable but acting in the interests of its shareholders wouldnt WHOG board continue to hold? Its not my understanding that they have to sell and redistribute only that they can not cash the share before the anniversary. is that your understanding?

Yes. I expect the Whog board will present a resolution for voting at an EGM.

dissapointing trading down to $14.50

I think under today's circumstances, the performance of the market doesnt really reflect the real strength of the company

spoke too soon back over $15 again

Nice rise up to 15.85 today

Some big orders towards the end of the day for WHOG.

tiger up to $16.4

Tiger steaming ahead today.

touching $18 almost