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.

How very supportive of you potatohead. If you'd read any of the previous contributions to this thread you would have seen that one of the major concerns investors have is that no-one is interested in, or has heard of, the Gizmondo. For it to be in the top 10 searches on Curry's website is a very positive statement.

Maplins have it back in stock after selling over 1100 units.They have sold almost 100 in the last 2 days.

Thanks for the supporting comment queen1.

And further to my post 1401 - the Gizmondo is now also featured on the homepage of Maplins on line. To quote them "The SatNav gadget to rule them all".

Widescreen Gizmondo - Latest news on the Gizmondo's younger brother

The official unveiling is at CES trade show in America between the 5th and 8th January 2006, the machine will be shown in a finished hardware prototype form, additional software may or may not be shown, but at a guess some form of demo's will be shown alongside the machine.

We have enlisted the true genius of US Gizmondo news, GForce to bring us an exclusive playtest and any additional info only he can manage when he goes to the show in January.

The Widescreen model is now complete after receiving a multi-million pound R&D over the last 6 months or more, it will be shown first hand at the CES in Las Vegas In January 2006.

The full spec of the machine is here, note highlighted areas of the upgraded spec.

The WiFi and GSM Voice-enabled Gizmondo Widescreen had been kept under wraps as part of a multimillion-dollar R&D project. It was developed as a key component of an ongoing product roadmap that currently includes plans for a number of different devices, all of which feature the unique combined functionality of games, music, movies, messaging, a digital camera and GPS technology.

The new Widescreen device will compliment the current Gizmondo, due to launch shortly in North America, and give entertainment-hungry consumers more choice in terms of specification and feature sets, as well as an upgrade path - which will be detailed prior to the projected release in the second quarter of 2006.

As its name entails, the Widescreen has a larger 4" razor-sharp display. The Processor's power and memory are increased to power a suite of new onboard applications serviced via WiFi (WLAN 802.11b/g), Bluetooth 2, and tri-band GSM technology, making it the most powerfully connected handheld entertainment device available. WiFi expands the multiplayer and interconnectivity possibilities for all Gizmondo owners.

Steve Carroll, CTO, Tiger Telematics, says: "We're dramatically increasing the processor power to above 500MHz on this Widescreen model and significantly escalating the amount of memory. Although the 3D graphics accelerator used in the Gizmondo is the current best of breed, this next generation takes us visually into a new dimension."

The new model specification includes:

- GSM voice telephony
- Handsfree speakerphone
- Voice control using voice recognition software
- LCD TFT screen 4.0" 480 x 272 pixels
- Upgraded 3D graphics chip
- Analogue TV out
- 500MHz (min) processor
- Onboard RAM
- Onboard flash
- SD flash card reader, externally accessible
- Transflash card reader for user upgradeable flash memory
- GSM/GPRS 900/1800/1900MHz or 850/1800/1900MHz tri-band
- USB 2.0 OTG
- High sensitivity GPS receiver with assist capability
- Two analogue joysticks
- 3.5 Ah Li-Ion 'smart' battery
- 2 mega pixel auto focus camera with LED flash
- Stereo speakers
- Bluetooth class 2
- WLAN 802.11b/g
- Wired stereo headset/mic
- Remote control pod for wired headset

Additional features:

- SMS/MMS/IM receive and send
- Email client
- Satellite Navigation
- Audio and video playback
- Vibration mode
- 'Flight Mode' - games operational but radio services switched off
- Approved for sale initially in USA followed by Europe
- Temperature range 0 degrees C - 55 degrees C
- Windows CE 5.0 operating system and DRM 10
- .NET compact framework 2.0
- SD card and Transflash interfaces
- USB OTG interface for synchronisation to a PC and connecting to a USB
memory device
- MP3/WMA/HE-AAC audio playback, MPEG-4/H.264/WMV video playback with
hardware acceleration
- High level 3D games
- Smart ADDs(TM)
- Downloadable screen 2D & 3D 'skins' for personalisation/market
positioning
- Bluetooth support for telephony (Headset/Handsfree), gaming, stereo
headset (AV)

Dead as a dodo this one IMHO

Just brought a PSP for my nephew.

No one has a chance against the machine.

If Microsoft can not take on Sony what chance has Tiger?

well Giz was at the CES LAS Vegas show 5th-8th Jan apparently - no news on either UK or US (they have differing news stories) websites though?
think the marketing man needs a nudge maybe ...?? mt

http://www.cesweb.org/
2006 International CES Exhibitor Directory
Product Details
Product Name: Gizmondo
Exhibitor: Gizmondo
Product Category: Electronic Gaming - Wireless Gaming - Hand-Held Devices
Product Description: Gizmondo and Gizmondo Wide Screen with Portable Gaming, GPS Navigation, Text Messaging, MP3, Music Video, Movies, Digital Camera, Bluetooth, Wi-Fi, Text Messaging, Internet and other features.
Company Booth(s): Booth Number Show Location
71160 Sands

hi can somone explain this item re tiger - is there any reason for the recent whog falls - see gizmondo have new manuals and online support
http://biz.yahoo.com/e/060113/tgtl.pk8-k.html

Tiger are trying to gain more funds to continue.Games and software launches are overdue and one loan needs to be repaid.They are offering Smartadds to back the loan.Basically,they need this loan to continue trading.

Embattled handheld console firm must raise $75 million by March 30th

Tiger Telematics, the US parent company of struggling handheld console firm Gizmondo, has revealed that it has offered the stock, IP and patents of its Smart Adds subsidiary as equity on a $21.2 million loan from two shareholders.

Under the terms of the deal, the loan - which is well overdue to be repaid - is being converted into a Sterling loan of GBP 12.68 million ($22.46 million), which is to be paid in full by June 30th this year.

However, there's a catch - the loan will have to be repaid in full on March 30th unless Tiger Telematics can raise $75 million in new equity or debt by that date, which the company says it is currently working towards securing. In the eventuality that it can get the $75 million, GBP 1.68 million of the loan must be repaid immediately, with the remainder to come before June 30th.

If the company doesn't get its financing, and can't repay the loan, the two shareholders will be compensated by being handed the patents and intellectual property rights to the Smart Adds system, which pushes video ads to mobile devices (specifically, the Gizmondo), as well as the stock of the Smart Adds Inc subsidiary.

The loan was received from major shareholders David Warnock and Simon Davies in May 2005 in the form of two short-term loans - one payable on October 31st 2005, and the other on November 30th, 2005.

Originally, the loans were underwritten by just over a million shares of Tiger Telematics' common stock, and were described in the company's 10-K regulatory filing last September as being "guaranteed by the company and by Carl Freer and Stefan Eriksson, personally."

Freer and Eriksson both departed from Gizmondo on October 20th last year, with Eriksson in particular leaving under a cloud after it was revealed that he, along with two other Gizmondo staff members, had convictions in Sweden for mobster-related charges including financial fraud.

At the time, Michael Carrender - who replaced Freer as the CEO of Gizmondo - told the press that an independent counsel would be appointed to look into irregularities in Gizmondo's transactions under Freer and Eriksson's tenure.

Late last year, the firm confirmed that valuation and appraisal-consulting firm Marshall and Stevens had been appointed to assist in the investigation of a number of transactions in which Freer and Erkisson may have had personal interest.

Among the transactions being examined is a payment of $3.5 million to software development firm Northern Lights, which was co-owned by Freer and Eriksson, payments of $174,000 to Freer's wife for consultancy services, and a complex transaction which saw Panama-based Asiatic Bank and Finance paying $7.6 million, which was owed to Freer and Eriksson, to a number of small companies on behalf of Gizmondo - with the sum then being reimbursed to Freer and Eriksson by Gizmondo directly.

As yet, the company has not announced any results from its internal investigation into these and several other transactions.

eggbert - cheers for that analysis - so in essence someone could pick up some patents and technology for not much if they default - would have thought the ability to raise funds these days with venture capitalists etc would be quite good - surprised no ones bought gizmondo out before now

I think that is what they need.The trouble is the ammount of issues to sort out for any potential bidder.I see there was some people buying today.

well any company these days has issues - its never going to be a market leader but its a "me too" - which cant be bad - seems to have a loyal fanbase looking at the fansites - yes see quite a flurry of buys :-)

Where does all this leave Warthog?

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Tiger Telematics seeks court protection from creditors in U.K.

Jan 24, 2006 (The Florida Times-Union - Knight Ridder/Tribune Business News via COMTEX) -- Tiger Telematics Inc. said Monday in a regulatory filing that its European subsidiary filed a High Court application for administration in the United Kingdom, a move that provides court protection from creditors similar to a bankruptcy filing in the United States.
Jacksonville-based Tiger said in its filing with the Securities and Exchange Commission that the action does not affect its U.S. operations, where the company is selling its hand-held entertainment device called the Gizmondo.

Tiger said the U.K. action "provides Gizmondo Europe with a moratorium in order to affect a financial restructuring of the business." The company said it will use funds from a $5 million bridge loan to reinvest in the U.K. business and to restructure the debt of its European business.

Tiger said it anticipates taking similar action with a subsidiary in Sweden "within the next few days."

The company launched its Gizmondo device with great fanfare in Europe in March 2005. The device offers a combination of entertainment functions, including games, movies, photos and a global positioning system.

But sales have been slow, and the start-up costs of the product have led to big losses. Tiger reported a net loss of $264.6 million on sales of $2.8 million in the first nine months of 2005.

In another SEC filing on Jan. 13, Tiger said its Gizmondo Europe unit "has experienced severe financial pressures from various vendors as its cash flow has been unable to service the requirements."

Tiger began selling the U.S. version of the Gizmondo in October. It has not yet reported on its U.S. sales. Analysts who follow the electronic entertainment industry have said the Gizmondo faces a difficult task competing with market giants like the Nintendo DS and the Sony PlayStation Portable.

In addition to the $5 million bridge loan, the Jan. 13 filing also said Tiger is negotiating for a $50 million equity refinancing with European hedge fund groups.

Monday's filing said Gizmondo Europe will have a court hearing on Jan. 31 to seek the administration order. In the interim, the business is protected by the court and enforcement actions by creditors are put on hold.

If the company is granted the administration order, no creditor would be able to take action against Gizmondo Europe without court approval.

Tiger Chief Executive Officer Mike Carrender did not respond to two voice mail messages Monday.


By Mark Basch

To see more of The Florida Times-Union -- including its homes, jobs, cars and

other classified listings -- or to subscribe to the newspaper, go to http://www.jacksonville.com.

Copyright (c) 2006, The Florida Times-Union, Jacksonville

Up the creek without a paddle

>

I cant get my head around $264 million Loss on sales of only 2.8million in the first nine months of 2005. I think if they had been saying that salea were not going to well some of us might have escaped with half a shirt.Is anyone going to refinance someone a further $50 million!No mention of how much debt they currently have which is rather relevant.What about all their stories of applying for a listing on the major market!!Still I suppose they will just blame the earlier departed directors

Will this share recover? Anybody any ideas?

picked a blinder here suehelen, im sure it fills everybody with confidence of your shre picking abilities. 700% my bottom!

All buys today.

Could Warthog survive as a cash shell?

Could Warthog keep its game content and carry on.

Tiger is still trading,just.

I think as a cash shell it will only have until April in order to do something?

Tiger was up in the US today.