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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.

iturama - 24 Mar 2005 07:08 - 831 of 1449

I see the London opening as more of a gala opening than a launch. They had to do something and this at least got some to the market with good publicity attached.
Now they have to mass distribute. The question is how many have left the factory and are being checked in Holland? I want to see those 30K a month being distributed to Australia etc, as well as the start of a serious amount of web sales.

eggbert - 24 Mar 2005 08:17 - 832 of 1449

I had a look on the John Lewis site.When you type in Giz you get a picture,info & states free delivery.This is a little more than before,i just wondered if they are nearly ready for launch?

deancroft - 24 Mar 2005 08:46 - 833 of 1449

Chienti, see post 708 01/03/05. The content of the e-mail from peter lilley (GE) reads exactly as that which we are currently experiencing. I did have a chat with a Gizmondo representative back in March who categorically said that items for sale would have been with distributors and available during this week. However, that statement is not in writing whereas the e-mail is more substantial. An empty shop on Regent Street still costs money to stay open, or will it close?? The offer of the download site, the telephony provider etc have all come after the items for the shop were prepared, shipped, cleared customs and delivered to the shop (all takes time). Any further value added items for the Gizmondo either have to be repackaged or re-presented to include these "extra" items otherwise every point of sale at distributors or where ever would have to provide some kind of additional value added pack. I'm hanging on, I only make a loss if I sell, fortunately, not a great one. Good Luck.

chienti - 24 Mar 2005 10:14 - 834 of 1449

yes, i remember the email. Have just phoned the shop. Web sales start first week April and retail shops second week. No info on which sites or shops though.

0057659 - 24 Mar 2005 20:48 - 835 of 1449

Thats where they all are going!!!TGTL TGTL
TIGER TELEMATICS INC Other OTC


Back to Headlines | Previous Story



Gizmondo(TM) Confirms Ireland Volume Allocation



LONDON, March 24 /PRNewswire-FirstCall/ -- Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (OTC:TGTL , OTC:TGTL.PK), has today completed a 12 month agreement, for execution on 29th of March after the Easter holiday, with Sigma Wireless for 30,000 units to be distributed in Ireland, following the recent announcement confirming Sigma as an official distributor and a 19th April street date for the region.

The new multi-entertainment device began retailing in the UK on 19th March through the newly opened flagship store at 175 Regent Street. More stores are planned globally and will play an instrumental part in an aggressive retail roll out in each territory over the coming months.

Retail launch partners already include 3G, Xtravision, and Spectra. More details regarding the launch will be announced soon.

Carl Freer, co-founder and managing director, Gizmondo, says: "We're obviously pleased with the commitment from Sigma and will be supporting them with a tailored marketing package, including some of the TV and outdoor elements currently running in the UK, creating enormous interest."

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 SD and MMC card accessories.

The Gizmondo device and its games are in retail stores now in the UK, and in North American and Continental Europe markets from 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.




mtwallit - 25 Mar 2005 16:01 - 836 of 1449

begorrah! tis the luck the oirish.. given there were a lot of sells recently, and the info supplied, looks like GE are waiting for some hard facts before big news - cuurent launch seems to be a "pilot" or "statement of intent", with other phases coming on board shortly - seems daft to bail out now

m100 - 29 Mar 2005 10:52 - 837 of 1449

so why the sells and sp back the other way - can anyone explain? or is it bank hols blues

StarFrog - 30 Mar 2005 10:13 - 838 of 1449

imho - I think what we are seeing here is large institutions (and particularly pension companies) closing off some of their less profitable long positions before the end of their financial year (30 march for pension companies). Individual fund managers will want to clear their books of such stocks so that they may present more positive looking accounts to their bosses (and keep their jobs for another year).

This is happening across the board with a lot of stocks that aren't quite delivering the promises. I still believe there is good value in WHOG - but we may have to wait out the whole year.

Also TGTL sp was down lower.

Big buy this morning though, which might pep things up.

Keep the faith :-)

mtwallit - 30 Mar 2005 13:55 - 839 of 1449

interestingly buys outnumber the sells..

john50 - 30 Mar 2005 17:36 - 840 of 1449

9,713,749 sells to 665,964 buys!

0057659 - 30 Mar 2005 20:18 - 841 of 1449

Great News but still they fall!!!
Gizmondo(TM) Confirms UK Stockists



LONDON, March 30 /PRNewswire-FirstCall/ --

- Countrywide Retailers Confirmed Following Successful London Launch Event

Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (OTC: TGTL; OTC: TGTL.PK), today confirmed that major retail groups, John Lewis Partnership, The Carphone Warehouse and GameStation will be stocking the Gizmondo from this weekend, following the successful launch of its own Regent Street flagship store on 19th March.

The John Lewis Partnership, as previously announced, will be featuring the Gizmondo multi-entertainment device in its leading stores, namely; the London stores of Oxford Street and Peter Jones (Sloane Square), Milton Keynes, Newcastle, Cheadle, Brent Cross, High Wycombe, Bristol, and Bluewater. The group will also be selling the handheld device online through their website, www.johnlewis.com.

Julie Mitrovic, Assistant Buyer, John Lewis Partnership, says: "We identified last year that Gizmondo's arrival would expand the popular handheld gaming genre, and through its unique convergence of music and movie features, will prove an exciting addition to our assortment."

In Manchester, The Carphone Warehouse (CPW) will be featuring Gizmondo in selected stores from this weekend as a leading product in their entertainment category, which covers portable audio and video players, and gaming devices. CPW will also be retailing the Gizmondo from their website at www.carphonewarehouse.com/entertainment.

Kevin Gillan, Group Director of Business Development, CPW, says: "Our stores attract a variety of customers looking for handsets and mobile entertainment devices. With its wide range of features and functionality, the Gizmondo will have appeal to the customers we get in our stores."

GameStation, the fastest growing retailer of computer and video games in the UK, will be ranging the Gizmondo handheld device in Edinburgh and Birmingham. GameStation is a key destination for the Gizmondo consumer, both in terms of the launch demographic and the mainstream video gaming audience.

Carl Freer, Co-founder and Chairman, Tiger Telematics, says: "We were delighted by the response we received from the public at the recent opening of our own Regent Street store. We are now committed to building on that success and ensuring that we bring the benefits of the Gizmondo on a national level. We're pleased to have John Lewis, The Carphone Warehouse, and GameStation on board, and will be fully supporting their launches with comprehensive retail marketing campaigns, to include TV, outdoor and print media."

Editor's Notes

About Gizmondo


deancroft - 30 Mar 2005 21:06 - 842 of 1449

0057659, like many other stocks across the market, the sellers are out in force taking what ever profit they can for the end of the current tax year and account for CGT. Hopefully next week will be a different picture when they start buying back to rebuild portfolios.

m100 - 31 Mar 2005 10:15 - 843 of 1449

d - yes my other shares are suffering the same fate currently, now proceeding back in the right direction albeit slowwwly, john50 - mt's comment was correct at the time of psot - looks like a couple of big buys ? went thro earlier today - at these levels whog seems a very good prospect again, sadly no cash to dash and splash out on :-(

john50 - 31 Mar 2005 10:22 - 844 of 1449

m100,what are you on about?

m100 - 31 Mar 2005 11:47 - 845 of 1449

just a comment on the posts mtwallit 838 of 843 john50 839 of 843 - not imprtant now..looking at the 0057659 - press release psot looks like the media ball is rolling hopefully, see some upsurge next week once in April

iturama - 31 Mar 2005 12:47 - 846 of 1449

I had to buy some more this morning. Tiger appears to have tested its lows. Looks like more units have arrived from the factory and about to be released. I would stll like to see a news release on the shipments to the far east & anzac.

m100 - 31 Mar 2005 16:40 - 847 of 1449

just got in with a few more - missed the lows, it was rising faster than I could transfer money!

deancroft - 01 Apr 2005 12:22 - 848 of 1449

This article on TheRegister site yesterday
http://www.theregister.co.uk/2005/03/31/gizmondo_retail_deals/
Personally, I have not seen that much advertising but maybe it has been local rather than national.

accord - 01 Apr 2005 17:05 - 849 of 1449

The tv advertising is targeted at the younger generation so is shown on the likes of MTV and C4, E4.

Paulo2 - 01 Apr 2005 22:01 - 850 of 1449

Tiger down to $16 -- a 14.89% drop. Must admit, starting to have some doubts myself now. Will wait and see what happens in the US on Monday. Any further south and I'm outta here!
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