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.

Iturama, hope you can pour cold water on the review (my post 907) when you get your Gizmondo. My colleague has a new PDA with GPS/GPRS, he says his is not instantaneous for positioning, it needs time to get the satellite locations. He has Tom Tom loaded onto it although I'm not sure if he has the software loaded on RAM or on an SD card, the maps are definitely on an SD card. He changes the card according to which regional maps he wants. He also states that his battery life is about 4 hours so certainly no shame with Gizmondo's 24 hours. It's the games scenario holding things back IMHO, at least the review had good points on that as far as useability if not availability. 5-7 working days puts your delivery about 20th April by my reckoning.

Iturama, thought you would beat me to this one. This is something I never dreamt they would come up with. To long a story to post so here's the link.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ccn%5C2005%5C04%5C12%5C30927521.html%26clientid%3D168%26provider%3DCANADA_NEWSWIRE&symbol=TGTL

crikey - talk about push technology! some excerpts from the story - all cracking stuff :-0 gasps in amazement

Smart Adds are a groundbreaking method of delivering TV-quality promotions via this mobile device, made possible by the Gizmondo's GPRS connectivity, remarkable processing power, and graphical capabilities. Not available on any other device, Smart Adds are packaged free of charge to an enabled Gizmondo according to the owner's personally selected areas of interest, their gender, age, and location. They come with a massive list of benefits like 20 free music downloads for the first 12 months, video downloads, films, games, and other exclusive content.

Nina Faust, Head of Media, Warner Music, says: "Warner Music is excited at the prospect of being involved with a thrilling media opportunity such as Smart Adds."

Danny Murray, UK Media Controller, Warner Bros. Entertainment UK, says: "We are very excited by the prospect of Gizmondo and look forward to seeing how the product develops from an advertising perspective."

Nicola Owens of Richmond Research, offered: "The results of our March questionnaire prove that within our panel of over 200 of the country's most senior marketers, 90% of all relevant advertisers are interested in Smart Adds."

Peter Lilley, Head of Smart Adds, says: "Imagine the emotional power of TV combined with the accountability of direct marketing, the accuracy of direct mail and the mobile interactivity of SMS; that's what a Smart Add is. A Smart Adds-enabled Gizmondo is effectively being subsidized by the marketing budgets of major youth and product brands in return for showing the consumer their latest ads." He continued, "The brands will have to be relevant and interesting to our demographic to be allowed on Smart Adds, and we believe they in turn will look forward to receiving them."

The Smart Add-enabled device will come in two guises; a standard pack containing the enabled Gizmondo, battery, charger, earbud headphones, USB lead, and a contract free SIM card with GBP5 of credit, and a Value pack containing all the above and plus an extra GBP90 worth of accessories and games. These include Hifi stereo headphones instead of the earbuds, a recordable 128MB recordable SD card containing demos of games, films and music, a free copy of Trailblazer, and a voucher for the first ever GPS game, Colors.

The standard Smart Adds Gizmondo pack will retail at an amazing RRP of GBP129 ($245, EUR189) and the Extra Value pack at GBP199 ($375, EUR289), releasing on 22nd April in the UK, and will be available at launch in each territory as the global roll out continues. Final focus testing is being conducted until the end of April, with the full roll out of Smart Adds planned for 2nd May 2005.

Any customer who buys, or has bought, the non-Smart Adds Gizmondo can choose to upgrade their device, and ...

etc

there is something on tiger here 9.56 american time
not in your shares but thought i would pass it on
http://www.prnewswire.com/

better still here 1300hours
http://www.prnewswire.co.uk/

Is there any reason for the drastic drop of late

Yeah... people keep selling!

lol

tiger up over 2% across the pond

they should be buying not selling!.. but hey, you can lead a horse to water...

TGTL closed at $20 lets hope the WHOG reacts to it next stop $25

Whog is now cheap. Tiger is moving up, slowly but surely. I expect the quarterlies to be posted by Friday, the 2004 annual report late next week, then confirmation of the Nasdaq main board request.

iturama - what do you think will happen when Tiger gets a full listing on Nasdaq? My worry is that they will issue more shares for potential investors which of course would dilute the Whog stake. Is this likely to happen? Or am I being paranoid. LOL

Starfrog.
They will only issue more stock if they need more cash for working capital purposes. That doesn't appear to be the case at the moment. That might change come the US launch.
The forward earnings per share is the important consideration rather than the number of shares in issue. Remember that the company founders dilute themselves in such circumstances so they have an incentive to use stock wisely, ie to fund further growth.
Tiger ticking up again today.

Iturama, what do you make of this? TGTL has registered VHC International Ltd (Jersey, Channel Islands) as a 3.64% share holder of tgtl(I think?). I then found this info link.
http://focus.comdirect.co.uk/en/news/article.html?server=rns&id=1112373885. This implies that VHC is an investment company. The fund manager is the same person registered as the responsible person regarding the share holding declared.

Ref my previous post, it looks like the news of TGTL is just a change of ownership declaration brought about by the change of company status within the VHC group of companies.

Tiger up again @ $20.62 up 3.1% when will the WHOG move?

I guess when enough people realize how undervalued the share is compared to its underlying assets.

whog is holding well at the moment while the rest of the market is taking a battering, I think we will see it move north next week onwards DYOR

Where can i get a copy of the company's financials?