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.

WINS, Evo & JEFF on the bid. A few big buys in the works.

There it goes, 3 Million.

Nice tick up now....how's Tiger doing??

Looks like another large order going through Evo's books.
Tiger steady at $15.50.
High so far today 15.75. low 15.20.

Tiger is now trading steadily in the $15-16 range

its all gone very quiet, whats the latest on Tiger??

Down in mid $14 range last couple of days.I think news on actual sales revenues is the only thing that will move the share price significantly.Even the US launch if not accompanied with news of " high initial sales" or similar comment , will not promote an improvement.But the price could go bananas if some good finacials were issued. Waiting is always the hardest part(as Tom Petty said)

The front page of today's wall street journal, article titled "Gotta have it" GIZMOS.

Tiger breaking through the $15 dollar barrier again today

is this an upbeat article or an advert?

Its an article and an interview with motorola's CEO Ed Zander, who provides 5 tips on how to change an outdated culture. Positive article

Willfag
The article was about how Zander is working to get Motorola back on track.Nothing specifically to do with Tiger Telematics, or the Gizmondo.

Thanks guys , appreciate the useful info posted on this thread. Am still hopeful that those of us who have had the vision ( taken the risk) will make a bucket of money from this, but I think we need to accept that this is a high risk investment and I am still not sure
1. what the uptake for the Gizmo will really be?
2. How the release of other major hand held game products later this year will impacy its [performance.
3. What happens to our investment when the year is up on WHOG's investment in TGTL?

I like companies that give feedback on revenue not just on "deals done", "distributors signed"etc as without tangible sales at good margins the rest is almost an irrelevance and will not sustein a shre price in the long term.
I know the USA launch must be seen as the mega high light of the campaign but if they had positive initial sales to their UK and European launch they should be making some comments.
However I remain convinced of the GIZ concept and believe it has sufficient product diferentiation from the game consoles to take a significant segment of the market.Alternatively I have lost the plot , and not got a clue what i am talking about and about to lose half my shirt( the other half is with YOO....yes I know perhaps i need a brain transplant)Good luck all

Willfag
It is my understanding that Tiger cannot give a trading update until it is in compliance with its SEC filings for last year. Still the 3rd quarter and full year for 2004 to be submitted.
As for Warthog, it has the the Aim listing and large tax credits, apart from the TGTL shares. Once Tiger goes on the nasdaq main board, I see no problem in placing those shares, if needs be. Tiger might also consider backing Gizmondo Studios back into Warthog allowing it to be an independent profit centre.

Tiger racing ahead today.$15.85 already.

iturama
Thanks for your very useful comments and info.Do you know they ar likely to submit its Q3/Q4 filings for last year?
TGTL currently only 2800volume traded today but after the violent share movements we have had I would be happy with a month of steady slow growth. Especially as I would anticipate a littl bit of hype to blip the price around the USA launch date. I also think a move to the main market if/when it happens this year will provide a positive result.WHOG is a nailbiting but very exciting share.

Willfag.
I seem to remember that they said end of June to complete SEC filings but that is now looking unlikely.
I make volume to be +20,000. Price back to $15.85.

Thanks for comments , have a good weekend closing to get out of London before the motorways go mad

Tiger had a strong finish to the day. Up 4.7%. Touched $16. Monday should be a blue day.

Interesting chatter:

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

You called it iturama. Tiger is up 1-2% today, closing in on $16