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.

Don't know about the name change.
Quite right that the shares and cash are in escrow for another 11 months. Of course that doesn't stop a company offering to buy Warthog at any time.
As it stands it is a bit like an endowment policy; you can stay the course and reap the full value or check out early and receive less. The fact that Tiger Telematics is doing so well suggests that you will get out a lot more than the face value of the original deal, or todays price. I personally feel that this share offers more chance of tripling your investment within a year, with a lot less risk, than certain oil stocks that will not be mentioned. Not bad for a year - even in the worst circumstance you can think of it should outperform the best savings account.
But each person has to look at their own circumstance, look at the deal closely and make a choice.

i bought at 1.1p and taking fees into account, i will start to profit at 1.35p, i know it sounds silly but seeing these jump 22% today bought a smile to my face as my loss is now narrowing by the day, Lets hope this one runs into next year where i can then see some profit.

As iturama mentions above, if I get more than 5% nett profit then thats a darn sight better than any savings a/c and some isas.

Still looks cheap as TGTL is doing so well...so WHOG will be worth much more in a year's time

iturama - I like you. You brighten up my day again with your last post. I've got some way to go to break even (1.5p) but it looks like it might get there sooner than I expected. I've been in this stock since May 03 (14p buys!!!!) but have regularly topped up as the price dropped.

What are your thoughts on the fact that Gizmondo Europe no longer have a notifiable interest in WHOG? Does this matter?

Starfrog.
Well worth hanging on. I can foresee a fair amount of profit taking and perhaps even panic selling. IMO the smaller investor can't usually afford to mess about due to the high dealing costs incurred. Like you, those that are in should stay the course and the reward will come, perhaps even before the end of the escrow period. Future small investors should consider the overall cost of trading before making a decision. If intent on buying do so on significant dips when possible.
No doubt the remaining directors are actively working with advisors to find a buyer for the company and extract value for the listed company itself and its tax losses.
In the meantime, the smaller investor only needs to refer back to at the TGTL stock price to feel reassured when there is some tumult in the stock price.
The price for the TGTL shares has increased almost 70% since the transaction and the Gizmondo hasn't yet launched in the US. Clearly there will always be some expectation built into todays price but the future for the stock does look promising. As for the notifiable interest - no, I can't see that that matters.
ps. I like you too - but don't tell my wife that! lol

An update on relative values. The Whog mkt cap at the current mid-price is +/- 3.8M. The prevailing paper value of the TGTL shares, plus cash in the company, is estimated to be +/- 6.7M. Still a large discount despite the recent rises.

Cheers iturama - happy investing :)

The UK Warthog website has been taken over by Gizmondo. This from it:

Latest figures indicate that the world is gagging for Gizmondo. Since the official UK launches of both console and official website on 29 October 2004, there have been 560,000 online pre-orders for Gizmondo units.

According to the data, the majority of these originated outside the UK, as American and Continental European early adopters vied to be the first to own the world's hottest handheld entertainment device. Gizmondo goes on sale in those territories in early 2005.

'This is a fantastic affirmation of interest in Gizmondo,' commented Gizmondo MD Carl Freer. 'We believe that realistically at least a half of these pre-orders will move to retail sales as availability in the stores ramps up in each territory. Nevertheless, these numbers bode extremely well for Gizmondo.'


And the american WHOG website is now Gizmondo Texas.

Thanks Starfrog.
Immediate Market reaction I note.

Accord.
Did you say next year or next day? Looks like you are just about there already! Good luck.

Up nearly 40% on 40m trades today (so far).

This proves that pigs really can fly.

This from Yenra:

A Gizmondo store will be opening in Carnaby Street, one of the most well-known and youth-orientated retail areas in central London, in the run up to Christmas.

The retail store will act as a showcase for the Gizmondo, software and accessories, allowing consumers to get hands on with the very latest kit. In addition, products in development will be shown from time to time, allowing focus testing and other valuable market research.

"Having such a highly prized retail location to showcase the product will prove invaluable in many respects, but most of all, in providing an open line of communication to the consumer," said Carl Freer of Gizmondo Europe. "We don't see this flagship store as competition to other retail. The store's primary function will be to promote the device and the brand as a whole, which in turn will drive more traffic to every retailer stocking Gizmondo."

The Gizmondo is powered by a Microsoft Windows CE.net platform, boasts a 2.8-inch TFT color 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.

Gizmondo is a next-generation mobile entertainment device that includes built-in music, video, messaging, picture functions, and GPS.

Expect some pullback - until tomorrow that is (lol).
The escrow restriction could be a blessing in disguise. Without it we would not be participating in the TGTL growth curve. As it is we have a lot of talent out there working hard and we may have up to a year to share in their success. As good as a direct investment in TGTL.
My understanding is that the company plans to apply for a move from the OTC to a full Nasdaq listing. Its mkt cap now exceeds US$600m.

it looks like there is a santa claus after all, in the name of gizmondo.

Extract from Shares mag 091204

"If the Gizmondo does take off Warthog shareholders will be laughing"

How much will they cost?

Check the prices on-line. They retail around 230 each.

more upside tomorrow

Some profit taking. Nothing serious.

buys outweigh sells. the ? are buys, one of them was mine topping up

given comments in Shares Mag yesterday the hares should have a long way to go now, if there valuations on the shares they hold are correct!

funny goings on with the share price!1.5 million buys posted from earlier this morning at 1.3/1.4p followed buy another buy at 1.1 ??? confused Its like they want to take the price down ?