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Warthog Looking to the future !!! (WHOG)     

SueHelen - 23 Dec 2003 17:29

http://www.warthog.co.uk
Daily Execution Price and Volume
big.chart?symb=uk%3Awhog&ma=None&maval=9big.chart?symb=uk%3Awhog&ma=None&maval=9big.chart?symb=uk%3Awhog&ma=1&maval=10&ubig.chart?symb=uk%3Awhog&ma=1&maval=50&ubig.chart?symb=uk%3Awhog&ma=1&maval=200&
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.

mtwallit - 12 Mar 2005 11:49 - 780 of 1449

i - thanks interesting looking at that - seems giz is more than holding its own out there! - so next week should see a surge in the sp hopefully 2.3 rather than 1.3?

deancroft - 13 Mar 2005 21:26 - 781 of 1449

Found this interesting link with nice photos from Gizmondo France location and photos from CeBIT exhibition. The girls are there again!!

iturama - 14 Mar 2005 08:16 - 782 of 1449

DC.
Don't see the link. Thought the girls were a bit brassy in any case.
With Tiger on the rise, Whog at 1.35 might be an opportunity that will not come by again.

eggbert - 14 Mar 2005 08:54 - 783 of 1449

It's here, on Start-Again.net

Also pics & video of the Giz.Looks good.

deancroft - 14 Mar 2005 08:57 - 784 of 1449

Re post 780, sorry I missed the link, so here it is.

http://www.start-again.net/gizmondo/index.php?lang=en

mtwallit - 14 Mar 2005 10:07 - 785 of 1449

dc - interesting info re games, stores etc - tops look like one size fits all - not :-)

iturama - 14 Mar 2005 14:45 - 786 of 1449

Tiger blue again.

Paulo2 - 14 Mar 2005 15:48 - 787 of 1449

There you go again, Iturama. A big red now!!

Paulo2 - 14 Mar 2005 15:52 - 788 of 1449

Sorry, It, but one minute my screen is showing Tiger down $1.80 and then the next thing it's up 25 cents. What the feck is going on over there?

iturama - 14 Mar 2005 16:06 - 789 of 1449

Ticking up, wack. Need some sales figures to make any real difference.

Paulo2 - 14 Mar 2005 16:13 - 790 of 1449

That could be weeks, if not months, away. Unless you're talking about pre-orders -- and that would be nice to hear on Friday!

iturama - 14 Mar 2005 17:20 - 791 of 1449

P,
I mean delivering against the pre-orders: internet, Australia etc, and what the latest numbers are.

Paulo2 - 15 Mar 2005 16:22 - 792 of 1449

Are the US markets closed today? Can't see a single trade on Tiger!!

iturama - 15 Mar 2005 17:34 - 793 of 1449

Still alive...just. At least the tick is up and whog par value is still around 1.80. Patience.

Paulo2 - 16 Mar 2005 10:31 - 794 of 1449

Apparently there's a good review of the Giz in Boys Toys mag. It also got a mention on Kiss 100 radio station this morning, who said it was a great gadget and were giving away tickets to its launch party on Friday.

Paulo2 - 16 Mar 2005 11:03 - 795 of 1449

Full page in today's Metro newspaper as well.

mtwallit - 16 Mar 2005 11:59 - 796 of 1449

all this good press and its still only ticking along at 1.3/1.4 ...
well if its in the Metro .. nuff said, must be cool

Paulo2 - 17 Mar 2005 07:56 - 797 of 1449

Just got to hope that when the Yanks see the cash coming in next week they'll pile back in to Tiger. Oh and a nice RNS on Friday or Monday just clarifying the pre-order figures would go down a treat.

deancroft - 17 Mar 2005 09:05 - 798 of 1449

News article carried by www.theregister.co.uk. It's comforting to keep seeing the Gizmondo mentioned in various articles.

By Tony Smith
Published Wednesday 16th March 2005 09:42 GMT
Sony has confirmed that the European launch of the PlayStation Portable has been delayed yet again, to ensure the US gets sufficient units to meet anticipated demand.

Sony is usually unwilling to comment on hardware release dates, but in a rare moment of openness, the company last night told Reuters that it had put back the European launch.

According to a Sony spokesman, no firm date has been set for the European release, despite Amazon.co.uk yesterday listing 24 June as the big day. Some other retailers, such as HMV, have the date down as 6 June.

Certainly it will be "a few months rather than a few weeks", the spokesman said, working from the original late March ship date rather than the more recent late April date the launch was already believed to have slipped to.

The cause of the delay is Sony's inability to make enough consoles for both markets. It wants to launch the PSP in the US with 1m units and "continuity of supply thereafter". The US launch is still scheduled for 24 March - almost a week away.

Sony's delay will be music to the ears of Nintendo and Gizmondo, the left-field challenger from the UK, which ships its handheld console on Saturday, 20 March. That's probably why Sony is suddenly willing to talk about the delay - the last thing it wants is to risk customers getting fed up of waiting and shifting their allegiance to a competitor's product.

john50 - 17 Mar 2005 09:29 - 799 of 1449

Up 14.50% no 4 % gainer.
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