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.

lol Paul.

Kinda needed. I'm a little suprised that the SP hasnt moved today. I suppose we knew about the EA link so factored into the price.

They do need to wake up!

I've been away for a while and haven't had the chance to keep up with the latest news regarding WHOG, so I must admit to being a bit suprised by the recent drop in both WHOG and Tiger's SP. I suspect that there has been a bit of market manipulation going on (IMHO) to artificially bring Tiger's SP down so those in the know can stock up prior to the announcement of the new wider screen version of the Giz. Did anybody notice that in last weeks Shares mag (I think) Tiger was listed among the top ten foreign buys by volume for the preceeding week. With all that buying activity going on, why did Tiger dive to the $13 level?

Incidently, returning from Barcelona on a BA flight, I noticed that the new in-flight business magazine had a section comparing the Sony PSP, the Gizmondo and the new Nintendo thing. While the article didn't exactly put the Giz down, it certainly didn't do it many favours. The photo wasn't very large, compared to the top billing photo of the PSP which looks awesome by comparison - the screen size says it all!. The article reckoned that the GSM side of the Giz was a plus but the distinct lack of games (or perceived lack of games) were a major drawback. And this does beg the question - where are all the games? Looking back at this thread a number of RNS notes have been posted that herald the arrival of new games, and I seem to recall that Tiger were promising one new title release per week. Well maybe they are doing this, but I haven't seen any about, and Argos sell just two games (Richard Burns Rally and Colors - both at 30).

As to the US launch of the standard Giz, I hate to say it but (IMHO) I reckon it is now not going to happen. I suspect that Tiger have reviewed their European sales figures and are dissapointed - hence no news flow. They realise that this version of the Giz will not get the younger market who all crave the PSP. I reckon that instead they will launch the widescreen version in the first quarter next year or if they are quick enough, maybe just in time for the Xmas market this year. But neither of these scenarios bode well for WHOG. Remember that the clock is ticking on those escrewed shares - we have until Novemeber. Hopefully, WHOG will not just redeem the shares without shareholder approval.

Apologies for seeming a bit down on the old pig, but I am really fed up with Tiger and its lack of communications. Let us hope that the WHOG SP will pick up to at least the last Rights Issue price of 2p so that my losses won't be too dramatic.

Hello Starfrog,
Everything revolves around the US launch.Colors is billed as the biggest game on the giz.It is due out on the 26th (full launch 1 week later).The games released so far have been recieved pretty well.2 titles from EA have just been released and more are planned.The new Madden game is rumored to be heading for the giz.this is the biggest game in the US.
I think the giz will be released in the US,on a smaller scale and pushing the next gen at the same time.
In the UK the giz will be sold as Sat-nav aswell as a games machine.There is also the Smartadds feature.
I agree comunications from this firm are appalling and they still have a lot to prove.But the giz is out there and big name publishers have produced games for it.

PS. i hav'nt bought one yet because i have never seen a working model in any shop.i think this should be the first thing Tiger deals with.

Below is the link to the latest SEC filing which appears to be for accounts ended Dec.04. The text also includes a massive digest of other information not limited to marketing strategy, bio's of the Gizmondo directors, director's salaries and car expenses, the 84% purchase of Globicom network company which happened this month and employment contracts of key personnel. Operating loss is also massive but they state that they have forsaken all other interests and are focusing entirely on the Gizmondo. Anyone who can manage to read the text from end to end has my utmost respect.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3D%5C2005%5C09%5C26%5CEDGARNews_0001269678-05-0001820001065581.html%26clientid%3D168%26provider%3DEDGARnews&symbol=TGTL

2005-09-28 09:00 ET - News Release

JACKSONVILLE, Florida, September 28 /PRNewswire-FirstCall/ --

- With Report on Form 10K Now Filed, the Company Plans to get its Filings up to Date and Apply for Listing on NASDAQ Coordinated With its US Launch

Jacksonville, Florida-based Tiger Telematics Inc (OTC: TGTL; OTC: TGTL.PK) has completed filing of its Report on Form 10K for the year ended 2004 and is focused on an expedited completion of its Reports on Form 10Q prior to the Gizmondo's US launch date.

Since the Company's accounts for the past year ended 2004 have all been disclosed and are available on the sec.gov web site, the Company plans to file its 10Q's up to date. This will enable the Company to file for trading on the NASDAQ listed exchange.

This listing, when approved, will permit the Company to engage a much larger investor base as it permits retail solicitation orders and research by analysts. Tiger's common stock will then be considered a marginable security for loans.

The Gizmondo technology, especially with the inclusion of blue tooth and GPS, is capable of competing effectively in the world of cell phones, ipods and other communication devices. On the 30th September, the Company will also be launching Satellite Navigation software for the Gizmondo, and highly competitive hardware bundles delivering subscription-free GPS sat nav for under GBP200, which has prompted significant and additional commitment from retail.

Carl Freer, co-founder and Chairman, Tiger Telematics, says: "We are gearing up our inventory as a result of an unexpected surge in sales. We also need product in the USA for our upcoming launch in time for the Christmas season. Recent updates from our manufacturers allow us to expect to have Gizmondos available to meet the increasing demand.

"Our investment bank will be helping us with financing and making introduction to institutions including hedge funds and retail clients. This might result in a registration statement for securities in the near future."

"Our state-of-the-art game development studios continue to impress the industry with innovative design and functionality utilising the unique features of the Gizmondo. We will continue to develop and create more groundbreaking games, and update some classic titles as well. Gizmondo Studios still plan to have 89 titles by the year-end of 2005."

He concluded, "We envision an upcoming period of growth, having evolved from a development company to a solid entertainment and communication company."

Hoorah, subscription free GPS sat nav., (though i would have thought that the on-going subscriptions would be useful - perhaps these will come with further add-ons for points of interest, speed camera database, etc.)

Wonder if the under 200 means the Giz and the sat nav - if so that ought to be fantastic, even against the likes of Tom Tom.

At last something to really set it apart from the PSP

this sounds a bit more upbeat . We needed something as things were very flat and the share price has certainly been suffering.

this sounds a bit more upbeat . We needed something as things were very flat and the share price has certainly been suffering.

Wharthog's results

'As of today's date we have 76,777 in cash and ongoing costs of 6,500 per month'.

Since 1st November 2004 the value of Tiger Telematics Inc shares has fluctuated
between $11 and $31 per share. Tiger Telematics Inc is still an early stage
company that has not yet achieved any significant turnover and is still heavily
loss making. We cannot, therefore, have any certainty as what these shares could
realise if we were to sell post 2nd November. However up to that point the
478,866 shares remain in escrow.

The directors are currently reviewing acquisition opportunities.

Now to me this sounds like the directors are intending selling some/all of the Tiger shares as soon as possible to provide enough funds for them to pay the bills and lunches whilst they find something to spend the rest of our money on. Or this is altogether too cynical?

Does anyone know whether they have to defer to the shareholders to sell the Tiger stock?

Ouch.

Bit of a drop! Anyone picked up whats caused it?

Do we want these directors to look at acquisition opportunities?They were a catastrophe running Warthog so I am a lot happier with them just having the odd lunch and leaving TGTL to try and grow the value of the WHOG shares.
In answer to your question Bugz possibly reactions from people with similar feelings to mine + the TGTL share price is pretty awful @$13.50( it did drop Friday.) I would be a lot happier if it was c $15 . I would expect WHOG to track higher as it went above this level.

Looks like we have a dilemma. Only a month to go before WHOG can sell their shares in TGTL but at current price, they would lose out on about $1 million compared to the value that they originally inherited a year ago. Having said that, they don't have enough pennies in the kitty at the moment to go on an acqusition hunt. TGTL is now set to go with NASDAQ which could improve their position in the international market place and they have also declared who they have in tow for marketing the Gizmondo in the States which is implied to start this month. So the question is will WHOG bother to wait to see which way the pendulum swings for TGTL or are they itching to have another crack on their own? Those that want to follow Gizmondo rather than WHOG may soon have that alternative by investing directly in TGTL on NASDAQ.

be honest here, does anyone know anyone that has a giz???

i doubt they can compete with the big boys, ie sony

Aimtrader, yes I do know someone who has a Gizmondo. It's unique, very good feel to it, nice screen etc. IMO it's so different it cannot be compared to the likes of Sony, it's more a matter of taste or branding that will make consumers decide which or what to buy. For ROI Sony have to sell millions from day one, for GEL it's more like tens of thousands.

i suppose the question is just how much they will ask the shareholders before they start trying to squander our money?? I feel prepared to give the TGTL management a chance but the old WHOG management should just put options to the shareholders and not get too excited about acquisitions. Their track record performance combines the words "pxxx up" and "brewery" in it!!
I think we are still struggling to get an accurate assesment of the GIZ's likely future. IMO

Willfagg.
Agree with you. The statement was very wooly. Problem is that they can't sell the shares in any quantity at present. Price is bad enough as it stands. Strategy should be to hold and sell some into strength. Can't see that being before the US launch and the Nasdaq listing. A broader shareholder base might permit some shedding.
Talk of looking for acqusitions is nonsense.

now we have the lowest share price of the year for TGTL! Someone in an earlier thread suggested that they would not launch in October but defer and launch the bigger screen version in the new year. I think this would be disastrous and hope the share price movement is not a reaction to this possibility.
However I would have thought that they would have had to prepare stock for the launch and the rework/scrap would be most unwelcome.
I thinke we have to hope for a USA launch+ the games catalogue growing as promised or better and that the recent free satnav software will kick start the Giz. .They (we) need some good press!!!

TGTL now at $9 lowest price of year and WHOG down 25% on the day. I would have expected a comment from either TGTL or WHOG or both

From Pink Sheets posted before the dive on share price.

Company To Watch: Tiger Telematics

Oct 05, 2005 (TelecomWeb News Digest/Access Intelligence via COMTEX) -- Tiger Telematics Inc., a designer, developer and marketer of GPS-enabled telematics equipment and the Gizmondo gaming device, is looking to move from over-the-counter trading to the Nasdaq. It recently filed Form 10Ks with the U.S. Securities and Exchange Commission for the year ended 2004 and is focused on completing its Form 10Q, which covers the full year, to enable the company to be listed on Nasdaq. The listing, when approved, will permit Tiger to engage a much larger investor base, because it permits retail solicitation orders and research by analysts. Tiger's common stock also will be considered a "marginable" security for loans.
Tiger also is preparing to launch its Gizmondo GPS-enabled portable gaming device in the United States, which it expects to have on the market for the holiday shopping season. This news likely contributed to an incremental boost of the company's stock. On Sept. 28, shares closed at $13.40, up $1.05 from the previous day, and they picked up an additional 10 cents Sept. 29. However, Tiger Telematics still has a way to go to recover losses dating back a month. Shares closed at $18 Aug. 3 but they have been on a downward trend since, bottoming out at $12.35 Sept. 27. If Gizmondo finds success in an already crowded U.S. handheld gaming market, that should help push the stock up during the next few months.

TelecomWeb News Digest, Vol. , No.

Strange happennings.Cant really see reason for rise this morning.perhaps they just look a bit cheap at the moment but the TGTL price is certainly pretty sick at the moment.I understood the GIZ was getting USA launch in October and article says "it expects to have on the market for the holiday shopping season"(which holiday?do they have a haloween holiday in the "Fall" sorry i mean Autumn). Its now the 6th Oct , why no confirmation of exact Launch date?
I confess my aspirations have changed somewhat from "becoming rich" to "i hope i get my money back!"
The USA launch seems the pivotal point, if it goes well and they go onto the main market there is still some hope for my aspirations but I dont think they have handled the product launch and marketing very well so far. Lets hope they have learnt some lessons.