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.

TGTL closed last night at $29. With 347,203,896 WHOG fully paid shares in issue and cable at 1.887, I make WHOG fair value at 2.25p at this moment.

Iturama, call me stupid, but do me a favour and don't mention the $30 mark today. You never know....

LOL

Willfagg, the cap for Tiger is $1.3b as of Feb 10. So at $400 a pop for the Giz that's just 3.25m units, or thereabouts -- and that's without taking in to account games, accessories, PEs and everything else you can think of. Or have I had too large a liquid-lunch?

Looks...no comment!

Chiz!

TGTL is carrying news about a signing for another game which I am informed by gamers is a well known arcade and console game. Also, TGTL is announcing that the Gizmondo is being displayed at the 3GSM Business to Business exhibition at Cannes this week. Looks like a lot of activity going on. In view of previous postings, won't mention current TGTL share price.

Tiger Telematics' Gizmondo Gets Worms
Tuesday February 15, 10:37 am ET


LONDON, February 15 /PRNewswire-FirstCall/ --
Another fantastic Gizmondo debut wriggles into the limelight
Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (OTC: TGTL, OTC: TGTL.PK), announces the signing of Worms World Party for the Gizmondo handheld multi-entertainment device, which boasts a reputation as one of the most addictive games imaginable.

Since it's debut in 1995, the Worms series has achieved global sales in excess of eight million units and is a regular sight in the videogame charts, having released nine different versions and a multitude of add-on and value-packs. Worms World Party continues the unrivalled mix of strategy and arcade elements in one of the world's most entertaining, humorous and addictive gaming experiences engineered for the Gizmondo

Players are given full control over a party of four worms and sent into battle against rival factions. Using an arsenal of weapons including earthquakes, mines, air strikes and an array of guns, the victor will be the `last worm standing' amidst the carnage that ensues the aim of the game is to blow enemy worms to smithereens and be the 'last worm standing'. In addition, Worms World Party also benefits from training sections, and all new 'Wormopedia' and 'Wormpot' features.

Gizmondo Studios are exploring the possibilities of integrating the Gizmondo's Bluetooth functionality to take advantage of the game's massive multiplayer appeal.

Team 17's Commercial Director Debbie Bestwick commented: "The Gizmondo version of Worms World Party is the perfect extension to the Worms franchise, and the potential for wireless multiplayer is extremely exciting."

Carl Freer, Managing Director, Gizmondo Europe, added: "The Worms series is one that has performed consistently well on every format that it's appeared on. We believe that a Bluetooth multiplayer addition will offer a significantly new experience for Gizmondo owners."

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 Europe markets this spring 2005

About Tiger Telematics and Gizmondo

Gizmondo Europe Ltd. is an owned subsidiary of Tiger Telematics Inc (TGTL) and is the maker of Gizmondo, a next-generation mobile entertainment device. Launched in 2004, the gaming device includes built-in music, video, messaging and picture functions and GPS.

Tiger Telematics 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 subsidiaries.

www.gizmondo.com

www.tigertelematics.com

About Team 17

Team 17 Software Limited is a privately owned high calibre entertainment software development company headquartered in West Yorkshire, England. Team 17 has developed over 120 SKUs in its thirteen-year history and specialises in quality original titles using proprietary technology across all major hardware platforms. Key Team 17 franchises and brands include Worms, Alien Breed, Project X and Superfrog.

For more information, visit the Team 17 website at www.team17.com

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Tiger Telematics, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Tiger Telematics Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favourable terms; the schedule and sell-through for new software release; consumer demand for video game hardware and software; the timing of the introduction of new generation competitive hardware systems, pricing changes by key vendors for hardware and software and the timing of any such changes, and the adequacy of supplies of new software product and those risks discussed in the Company's filings with the SEC.

In light of the risks and uncertainties inherent in the forward-looking statements, these statements should not be regarded as a representation by Tiger Telematics, Inc. or any other person that the projected results, objectives or plans will be achieved. Tiger Telematics, Inc. undertakes no obligation to revise or update the forward-looking statements to reflect events or circumstances after the date hereof




--------------------------------------------------------------------------------
Source: Tiger Telematics, Inc

The way thay are putting the Giz package together reminds me a little of Gestaltism: The whole is greater than the sum of the parts!!

Every little helps

See what I mean, Iturama. Don't mention the Th-word and we might just hurdle it soon.

LOL

Blue day tomorrow with a bit of luck. Once we get past you know what we may see some positive sentiment return.

Paulo, maybe I should deramp but it goes against my nature!

It might be worth re-iterating some of Sparky's forecasts in the light of what we know now. So far, TGTL have almost 2M units on pre-order. These are made up of pre-orders on the website, plus 600k to Aus/NZ, plus 720k to Korea & the Phillipines. North & South America, mainland Europe, Japan, China etc have not been factored in yet.
Tiger's original intention was to sell around 3-3.5M units in the first year. Lets stick with 2M units to be conservative.
US stocks normally trade at around twice the PE ratio of (mature) UK stocks. In the case of Asos,the PE ratio was 36 in November. It is about 28 now that the stock price has dropped.
Sparky estimates a net income per unit, from all sources, of around $100. This translates to $200M for 2M units sold. At a conservative PE (in my opinion) of 25 for the first year, the company would be valued at $5B.
Divide that lot by the number of shares in issue (46.3M) and you get to a share price of over $100. So a figure of $50 in a couple of months time is not a gross exaggeration. While more shares may be issued to maintain working capital levels, the rate of increase in shares issued is unlikely to be more than the rate of increase in sales.
The interest to Whog holders is that every $10 of Tgtl share value is worth 0.75p to Whog, excluding the Whog listing/balance sheet value.
For those that haven't read Sparky's report yet it is on:
http://www.allstocks.com/stockpicks/Sparky's_Picks.html
Tgtl closed at $29.30 yesterday, giving Whog a par value of over 2.20p. The current discount is a whopping 48%. Grossly oversold.

Great analysis iturama on Sparky's figs, if ppl can't see this as a belt and braces investment with a cherry on top, it's beyond me. Yes I know, ppl can say, what if, what if but te upside is fantastic. Looking to free some more cash to get another 500k at these prices

good analysis - figures speak for themselves - sp should be c 2.2-2.5p, moving to 4p after launch and favourable sales which we know are in the pipeline
(now if only pci could move up so I could swop)

M100.
You should get that stutter seen to! I sold my PCI. Reckoned there was far more upside to these, without as much speculative risk.

sorrry, browser problems earlier.. good news needs telling! - (may take yr advice re pci - they will get there but its a long time)

I lost some money on PCI. Bought in again at the low & recovered part. I have never lost money on Whog. Easy choice.

Up nicely now, does any think this is a good short term punt, people mention a target price of 2.5p is that a realistic short term target, any comments would be welcomed.