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.

Shares are now fully valued against TGTL, based on the sell value of TGTL and the Whog spread. Small buyers are now paying a lot more than face value. The 2005 Pet?

given the valuations of c3p then 2.4 is less than this? - in the big picture they have a Consumer product that looks like it will do well - hence the interest in the share and the current upsurge towards 3p - or have I got it wrong?

cant follow your logic iturama. have not redone the sums but the TGTL price has gone up significantly since there was c3p a share value in WHOG's share holding. Other than bad press on the GIZ i cant see why there is not more upside to be had

Willfagg.
Whog mkt cap based on buying price is now over 8M. TgTL shares are fully valued (today) at 8.4M . The margin is therefore less than 5%, which is less than the Whog buy: sell spread. Therefore Whog is now fully geared to the TGTL stock price. Note also that the buy price will drop dramatically should there be any sizeable selling, due for instance, in a stall in the TGTL price, or a significant weakening of the dollar. Buying is the easy part, selling at the right time is more difficult.
Note that there have been quite a number of small buys, of a few thousand shares, at today's price. In many cases the trading costs are equal or higher than the investment. Very risky. We all hope the TGTL price keeps rising steadily but is has more than doubled in a couple of months and I'm not sure if a single unit has been delivered yet. Anyone seen one?
I bought in well below a penny, so I sit easy, but small new buyers need to be very cautious, IMO!

I bought in at 0.8 and again at 1.1. Ive just sold two thirds of my stock for 2.35 but i cant sell the rest til monday. Im still wondering whether or not to hold on to it just in case the giz does take off. Thought that now was a good time to sell though, considering the almost full valuation. Everything now depends on how successful (or not) the giz is. Right now though im a happy man. Cheers all, and good luck.

Willfagg.
See my point? TGTL down in the US - immediate effect on Whog. Doesn't help that NY closes later than London.
Chad.
You made a tidy profit. My advice would be to hold what you have. You won't be able to buy cheaper than you did.

The case of Warthog has been a unique investment opportunity, the likes of which doesnt come along every day. Anyone see anything else like this on the horizon?

Well I stand by what I said earlier even at these prices a 3p sp can still make a profit even with a small amount- many people buy in small amounts just to cover their costs - in the hope they will be a winner later on - we cant all have bundles to invest...
http://www.tigertelematics.com/latest_news.asp?id=57
my advice stick wth it should see some news after the show..

I think there are several relevant points being made here. I understand your comment iturama, but i also agree with m100 that one of these penny shares has to go all the way every now and again, It would have to be something different , new and exciting . For me this fits the bill( so did SPS) and im staying in , might regret it later. I know its also a question of strategy and a lot of people would quite understand Chad shooting off down the pub with a huge profit and good luck to him.I think i am in the same camp as M100 where the amount i invest even if it doubles will not excite my bank manager and therefore you tend to run with your profit to see how far it will go.AAhhhhhhh the pot of gold at the end of the rainbow........ well somebody has to find it and it might as well be me, sorry and M100.
Thought this article from the USA today was interesting and shows there are more developments to come and th Gzmondo story has hardly begun yet. Good luck all



Tiger Telematics' Gizmondo Goes Super Sonic

LONDON, January 7 /PRNewswire-FirstCall/ --

- Sonic back on the move in awesome 16-Bit Sega pack for Gizmondo

Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (OTC: TGTL; OTC: TGTL.PK), today announced plans for a thumb-bending Sega Classics arcade pack to be released on Gizmondo, having signed letters of intent with Digital Media Cartridge Ltd ("DMC" in the following).

The games being discussed include Sonic the Hedgehog, Outrun, Golden Axe, Altered Beast and Shinobi. These arguably form the foundation on which videogaming was built, and it's true testament that these games are every bit as entertaining as when they first appeared in the arcades.

Each title plays perfectly on the new handheld multi-entertainment device. The pin-sharp screen of the Gizmondo will give this Sega Classics pack a youthful facelift, but the games themselves will be left as nature intended. The game cartridge will be developed and made at DMC's facility in Taiwan.

Lucky show-goers at the 2005 Las Vegas Consumer Electronics Show have a surprise in store for them today when Sonic the Hedgehog will be shown on the Gizmondo for the very first time (Stand #70037, Central Plaza).

Brian Moon, Senior VP of Business Development at DMC, offered, "The fact that these games are every bit as playable today as they were back on 16-bit machines is a tribute to their heritage and the teams that developed them. It's great that we can bring them bang up to date by using today's hardware and introduce an entirely new audience to some of the greatest games ever devised".

Steven Law, Chief Operating Officer, Gizmondo Europe, said, "The Sega brand is synonymous with gameplay and quality. These games hold a special attraction to the traditional early adopter, but equally, represent entirely new territory for those that missed the 16-bit revolution."

I.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 MMC card accessories.

The Gizmondo device and its games are currently launching in the U.K. and in North American and Continental European markets late in the first quarter 2005. Gizmondo is also on show at the Consumer Electronics Show (CES) in Las Vegas, stand #70037, Central Plaza, from 6th-9th January 2005.

M100.
Anyone who bought 5000 shares today at 2.5p needs a bid price of around 3p just to break even on trading costs. Last time I looked the bid price was 2.10p.
Explain that to those you have been encouraging to buy. I'm sure they will not be comforted by the fact that it will be alright - eventually.
As Hilary most aptly put it on the Sey site- a long term investment is a short term investment that went badly wrong!
The MM's always win and this afternoon was an object lesson in how quickly the market can turn.
I've been in the share since it was 0.6p and I am as greedy for profit as the next but I don't go along with ramping. By all means hold what you have, if that suits you, but I would not recommend paying more than 70% of the par value unless you intend to see it out to the end. There is generally no rush to buy. Waiting for the right moment is the key to making a decent profit.
The way TGTL is shaping up this afternoon, the MM's are going to have another field day on Monday, but that should give a better buying opportunity than this morning.
Assuming you have done your homework, you make more money by selling when others are buying, and vice-versa. Ask Chad.

An old rumour,

Microsoft chairman Bill Gates reaffirmed the company's pledge not to enter the handheld games console market at CES yesterday - but the company may be about to give a major boost to one of the PlayStation Portable's direct competitors.

Industry rumours circulating since before Christmas and enjoying a resurgence at CES suggest that Bungie's massively successful Halo may be on its way to Tiger Telematics' Gizmondo console, joining a number of other Microsoft Game Studios titles already announced for the system.

The console, which offers high quality 3D gaming features as well as GPRS communications, GSM positioning and media playback functions, launched quietly in the UK before Christmas and is expected to arrive in North America around March.

According to gaming blog Kotaku, the Halo deal isn't the only major franchise heading to Gizmondo - with announcements from Electronic Arts and Sega about support for the console expected at CES.

Rumours regarding Halo on Gizmondo first surfaced before Christmas, when audience members at corporate presentations of the device said that salespeople had mentioned that the science fiction blockbuster was on its way to the handheld - a rumour which Gizmondo PR representatives declined to comment on at the time, saying only that the firm was in ongoing negotiations with a number of publishers to bring titles to the device, but that the company "would love" to have Halo on the platform.

This rumour wont go away,if true Giz is a dead cert.There were rumours about Sega until today,when they became fact.The Giz is a direct way for Microsoft to compete with Sony & Nintendo in the handheld market.Its one that it wont win but can throw a few spanners in the works just by backing the opposition.I dont think Microsoft will buy TGTL but it can make good revenue by adding content to Giz.

The real thing we are waiting for is the Giz in the shops.If there were any out there they would be selling for loads of money on ebay.

Anyway im off to go Bungie jumping.

Ta Tar

WTOG share price has caught up with TGTL, down 7% Friday in US. It all depends on whether TGTL share price continues to perform well. Buying WHOG now wholly depends on your faith in TGTL, will it go up or down? Does anyone one have any broker research on TGTL or forecast predictions?

Chad.
As you probably know, each year the dealers have their own bets on the best performing shares for the coming year. I have been given 5 penny stocks chosen by last years winner at one broker. I'm told this guy is highly rated internally. I need to review the companies myself first but should be able to post the first tip on Monday sometime. After that look it up yourself and make up your own mind.
I doubt that any will be as clear a gimme as Whog was while it had the high discount. Now Whog is like any other share - open to TGTL performance and market forces generally. It should continue to move up steadily but nothing like the rate it has over the last couple of months. Potential problem is that many chartists are predicting a sigificant downturn in the DOW in late spring/summer. TGTL may not be immune to that.

Cheers iturama

If, (when) the management of WHOG believe that the TGTL share price has reached a peak, can they not take out option protection against their, (our) investment to lock in all or some of the gain.

After such a jump in the value of TGTL on anticipated results of the Giz surely this would be prudent management ? ahh. I think I see the flaw in this plan :-)

Whog price is more reasonable now.
Chad.
One of the shares picked was Mos International (MOI). It operates in the Oil services business and has gone through some torrid times. It now has new management and has been completely restructured. Latest RNS is that it is running a record order book. It has about 500M shares outstanding and a Mkt cap of about 3,5M.
Snag is that it raised cash last year to cover restructering costs and issued 260M shares at 0.5p in the process. Seems likely that there will be selling of these shares into any significant rise. While the shares might have bottomed, it might take a the full year results to get the price moving. I have put it on my watch list.

All blue at level 2. Looks like it is coming back fast.

Hi Iturama.. can you let me know if Level 2 is still blue as I have noticed the price dipping yet again & I haven't access to L2 just yet. I am watching to see what TGTL does when the Nasdaq opens.
Thanks
Chris

Crispine.
All red. Evo most bearish-1.55/1.80. Rest 1.70/1.95. Price looks ok however. 30% discount is now back. I have topped up another 300k. At current Whog price, TGTL par price is around $20, so the comfort factor is back.

Thanks for that Iturama. I wonder how the Giz was received over the weekend at the fair I guess there will be some news trickling in this week.