greatday88
21 years ago
Tiger Telematics and Toys R Us Announce Agreement for UK Gizmondo Distribution
Thursday April 22, 8:25 am ET
LONDON, April 22 /PRNewswire-FirstCall/ --
Gizmondo Europe Ltd, previously named Gametrac Europe Ltd, subsidiary of Jacksonville, Florida based Tiger Telematics Inc (OTC: TIGR.PK - News) announced Today that its much-anticipated mobile entertainment device, Gizmondo, will Be distributed in the UK first by Toys R Us. The Tiger Telematics' device, bearing the name Gizmondo, is best described as a multi-entertainer - a wireless, handheld device featuring cutting-edge gaming, an MP3 music player, movie player, multimedia messaging, in-built camera and GPS functions, scheduled to be released in the UK later this year.
"Obviously, we are delighted to be collaborating with the leading retailer in the games market," says Mike Carrender, CEO for Tiger Telematics. "We are pleased to offer Toys R Us the unique opportunity of being first to market and look forward to developing a strong, pro-active partnership. The timing of the agreement will help put Tiger at the top of gamers' Christmas wish-lists."
"Toys R Us has positioned itself in recent years as a major retailer of the new generation of high tech products that can be used for fun and education for all the family, says Mike Coogan, Marketing Director for Toys R Us. The collaboration with Tiger Telematics helps fill a gap in our offering and is a very exciting opportunity." Toys R Us have 64 stores nationwide and is also a leading on-line UK games retailer through toysrus.co.uk
"We are pleased to be on the right track regarding distribution ahead of our worldwide launch," says Patrik Wallgren, Head of Global Public Relations. "We hope to have more good news about our distribution strategy and sales projections in the near future."
Both Tiger Telematics and Toys R Us are looking forward to the upcoming E3 Electronic Entertainment Expo in Los Angeles in May.
At E3, Gizmondo is preparing its sensational participation, in keeping with its multi-entertainment personality and ability to surprise. Visitors to E3 may get a lot more than they expect, showcasing cutting-edge content, as well as giving many people a first view of the versatile world of Gizmondo.
greatday88
21 years ago
Tiger Telematics Appoints Head of Investor Relations
Wednesday April 21, 1:22 pm ET
LONDON, April 21 /PRNewswire-FirstCall/ -- The Gizmondo Europe Ltd. subsidiary and Tiger Telematics Inc (TIGR) announced today, that it has appointed Joseph Marten as Head of Investor Relations. The addition is a part of the planned development and launch of Gizmondo. The recently name device Gizmondo where "Gizmo" is a versatile gadget and "Mondo" means the world, is a futuristic, wireless handheld multi-entertainment device, built on the Microsoft Windows CE.NET platform, which features cutting-edge gaming, an MP3 music player, video player, multimedia messaging, GPS function and an in-built camera. The device has a GPRS connection and is due to launch later this year.
Marten was previously a long standing Investment Director at Brown Shipley managing a GBP300 million portfolio investing in UK Equities, Fixed Income, bonds and major overseas markets. Joe has over 17 years of experience managing investments. He started his career at Henry Cooke Lumsden in 1987 and transferred to Brown Shipley following the takeover in 1999.
"Joe will be responsible for all aspects of investor relations in particular communicating the strategy of Tiger Telematics in relation to its UK subsidiary Gizmondo Europe Limited", noted Patrik Walgren Head of Global Public Relations for the Company. "He will be based in and can be reached in the UK at Gizmondo's HQ in Farnborough outside of London. Joe brings with him considerable knowledge of financial markets and has built up many contacts over the years that will be beneficial to the company."
Mike Carrender, CEO of Tiger Telematics, commented:
"We are delighted to welcome Joe to Tiger. He brings to us a great deal of investment experience and after 17 years in the City of London as a fund manager has an extremely strong understanding of what investors are looking for and the best way to communicate to them. He will play a key role in communicating the significant investment and market potential of Gizmondo to current shareholders and potential investors. He is another step in our plan to bring the best people possible to the Company to work with the world class strategic partners that we have announced to bring our futuristic multi-entertainment device, Gizmondo to the market."
Notes:
About Tiger:
Gizmondo, Europe Ltd, is a series of owned subsidiaries of Tiger Telematics Inc (OTC: TIGR.PK - News) and is the maker of the Gizmondo, the next-generation mobile entertainment device. Set to launch in 2004, the gaming device includes in-built music, video, messaging and picture functions.
www.gizmondo.com
www.tigertelematics.com
Tiger 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.
greatday88
21 years ago
From Sparky: Wednesday 04/21/04 8:00 am cdt
Sparky's Assessment:
TIGR
A Steal @ 42 Cents!
For the past six months, Sparky has observed and analyzed the trading behavior of TIGR shares more closely than he's ever monitored anything.
That being said, over the past 20 sessions, Sparky has seen and tracked some very strange forces at work in the TIGR arena, forces that have driven share prices down sharply from a 59-cent close on 03/22/04 to 41-cent close yesterday (Tuesday).
By strange forces, Sparky's referring to the many mysterious trades before and after hours, all the big-block sales deliberately timed to wreak havoc, all the delayed executions, all the tiny trades right at bid, and a slew of similar tape-painting events.
It seems quite apparent that over the past 20 sessions these forces have succeeded in systematically reducing TIGR share prices by 18 cents. What's not so obvious, however, is/are the underlying reason/reasons. But Sparky can think of at least 3 that are worth sharing:
1) Takeover Posturing - Let's say a company had read all Sparky's TIGR write-ups and rightfully saw tons of longer term profit potential in TIGR shares. In such an example, rather than run the risk of waiting until Gizmondo units are actually being produced, until Gizmondo has received far more publicity, and until TIGR shares have appreciated in value; wouldn't it make far more sense for the suitor company to make its takeover move before all this happened?
If an acquiring firm did make such a move, the establishment of some sort of Investment banking relationship would probably be the next step. Knowing that the market value of the shares of the company being acquired will be the starting point of related acquisition negotiations, and wanting to get its acquiring-firm client the lowest price it can, the investment banking firm in this example would then have a financial incentive to lower TIGR share prices.
By far the most effective way to accomplish this contrarian task would be the aggressive selling of long shares, which is exactly what's been happening lately.
2) Share Conversions - Like many small cash-strapped companies that have yet to show a profit, Tiger Telematics has issued restricted TIGR shares to pay for many of the goods and services it has required thus far.
And because restricted shares cannot usually be sold for at least one year, and sometimes even longer, when they are received in lieu of cash, they're typically priced at a deep discount to prevailing market value. Also, in cases like TIGR, where less than six months ago its shares were trading below a nickel, sizable quantities of restricted shares are often issued, frequently in exchange for services that really didn't involve much value - but now the related shares do.
Bearing the above in mind, let's say that a group of individuals who hold a bunch TIGR shares long, let's say 2 million shares, really and truly believe that TIGR shares have significant potential (which they would if they had read all Sparky's write ups).
Now let's say that this same group becomes aware of another group that holds let's say 6 million restricted shares. In this example, provided that restricted shares can be bought at a deep discount to market, it would make much sense for the group holding long shares to try and convert those shares into a far greater number of restricted shares.
So to raise the funds needed to buy the restricted shares, the group in this example that holds TIGR shares long would first sell them. And to reduce the cost of the restricted shares being bought, which would be priced at some agreed-upon discount to market, the long group would simply liquidate their long shares aggressively, which would then knock down the share price to which the restricted share cost is tied.
3) Aggressive Short Selling - Back in late February, TIGR share prices reached an intraday peak of 67 cents on record volume of 3.8 million shares. During the previous 7 sessions, TIGR shares had seen daily volume over a million shares (over 2 million on 3 of the 7 days) and the price had soared from 25 cents to 45 cents.
Now because TIGR shares had risen so rapidly, Sparky initially attributed the subsequent sell off in early March to profit taking. But now that he's witnessed what's happened over the past 20 sessions, Sparky finds himself seriously wondering if we didn't see some aggressive short selling back in late February, short selling that's now created an incentive for shorters to drive prices down even further in their attempts to lock in sizable spreads.
Looking back at Time & Sales data during the last week of February and the first week of March, Sparky now believes as many as 3 or 4 million shares may have been shorted. In support of this observation, it appears that as many as another million shares were shorted between March 18th and March 22nd, a period where intraday share prices hit 61 cents each day, but a close above 60 cents never happened.
And since what appeared to be a second round of shorting happened, we've had 20 unusual sessions and in 18 of the 20 sessions, TIGR shares closed below their weighted average price, which Sparky thinks smells like tape painting.
Sparky has no way of knowing which one of the three possibilities above explains why TIGR shares have plunged 18 cents. In fact, the explanation could even involve a combination of two or more.
What Sparky is sure about, however, is that strange forces are at work here, forces that have temporarily stripped the market of all its desired efficiency. Specifically, regardless of why these forces want to depress TIGR shares prices, the fact is that they have so far succeeded; and in doing so these forces have significantly and artificially deflated the market's valuation of TIGR shares.
For this reason, Sparky highly recommends that investors seeking significant near-term growth immediately and aggressively accumulate TIGR shares.
And for a far more in-depth discussion of why TIGR shares are such a bargain anywhere near levels, readers are urged to check out Sparky's latest TIGR write up, which can be found at the link below.
Sincerely,
Sparky
greatday88
21 years ago
From Sparky: Monday 04/12/07 1:35 pm cdt
TIGR
A Solid Buy At 50 Cents!
Tiger Telematics is the company behind Gametrac, a revolutionary mobile gaming device that Sparky thinks is about to jolt the new and burgeoning mobile gaming industry with phenomenal market penetration numbers and may even become an instant industry leader.
In an effort to explain and justify all this optimism, in the paragraphs below Sparky offers a more detailed look at the product, the team, the competition, the industry, and the actual overall potential.
The Product
In additional to being an exceptional gaming device, Gametrac also performs the following functions: It serves as a movie player, allowing users to view full-feature videos using the unit's built-in SD Card slot; it functions as an MP3 player permitting users to download, store, and listen to select audio files; it's an SMS & MMS messaging facility that lets users easily send text, image, and music files; and it sports a neat, high-resolution digital camera.
Gametrac's also equipped with a unique global positioning system; it's wired for GSM tri-band networks so it can be used in 5 continents; it supports Bluetooth wireless capabilities, which allows not only multi-player competition, but also makes connecting to any enabled device a snap; it has UBS capabilities; and with its removable memory cards, it provides users with unlimited storage.
In addition to having more features than any competing units, Gametrac's also equipped with a 400 MHz processor and a built-in 64-bit graphics accelerator and, it's the only mobile gaming unit that currently uses Microsoft Windows (CE.NET) as its operating system.
The TIGR Team
In order to accomplish the difficult task of converting the Gametrac idea into an actual product, TIGR, over the past seven months, has entered into several strategic partnerships with some of the most reputable design, engineering, software, manufacturing, and public relations companies in the world.
In the initial design stage, TIGR entered into a joint venture with Plextek, one of the largest independent electrical design and consulting firms in the UK. Within weeks, a strategic partnership was formed with Synergenix Interactive AB, regarding the use of Morphum games on Gametrac's mobile gaming platform.
About a month later, TIGR entered into a strategic partnership with Intrinsyc Software International, a Microsoft Gold Level Windows Embedded Partner, and elected to utilize Windows CE.NET as Gametrac's operating system.
Working together with Xilinx, another huge firm that's widely respected throughout the electronics industry, Plextek and Intrinsyc produced for TIGR the initial Gametrac units that were displayed at the 2004 Consumer Electronics Show in Las Vegas back in January.
Shortly thereafter, TIGR announced collaboration with Fathammer Alliance, a leading supplier of advanced 3D graphics and game technologies for mobile platforms, a move that Sparky thinks will assure that the quality of the games is consistent with the quality of the device.
Days later a strategic partnership between TIGR and MINICK was announced. MINICK has already built one of the largest premium messaging networks in Europe, and operates its own SMS & MMS centers that connect directly to mobile networks. This partnership sets the stage for Gametrac units serving as a platform that allows TIGR's Smart Advertising (Smart Adds) service.
Then in late February it was announced that Gametrac will be using Samsung's world-class S3C2440 Mobile Applications Processor. Sparky thinks Samsung, known for its distinguished multimedia and gaming experience, was an excellent addition to the TIGR tem and will help assure that Gametrac's performance remains the fastest on the market.
And speaking of quality, in early March TIGR announced its plans to use a cutting-edge audio IC, a single chip MIDI synthesizer, that's made by respected audio specialist Micronas, a move that will provide Gametrac units with notably superior audio quality.
On the all-important production front, TIGR announced in mid-December that Celestica, a huge and respected worldwide leader in delivering innovative electronics manufacturing services (EMS), will be providing Gametrac with manufacturing services.
Equally impressive, in late March TIGR signed an agreement with CATIC, a giant State-Run Chinese conglomerate, which involved sales, distribution, technical support, and numerous other joint ventures for all Chinese regions, which Sparky interprets as meaning that CATIC is also very likely to be the manufacturer of Gametrac units sold in the Chinese region, particularly if demand from fast-growing high-tech Asian markets is anywhere near as intense as Sparky expects it to be.
And last but certainly not least, in early April TIGR announced that it had selected Ogilvy Public Relations Worldwide as its Agency of Record.
Managed by some of the planet's most respected marketing executives, Ogilvy currently represents some of the most reputable companies in the consumer electronics industry, including but not limited to Cisco, Dell, HP, Microsoft, NCR, Oracle and Xilinx. Sparky thinks that Ogilvy PR is a wonderful addition to the TIGR team, one the Street has not even begun to comprehend the beneficial implications of, yet.
Now considering the impressive cast of characters listed above, Sparky thinks he has ample reason to believe that not a single one of these outstanding firms would have entered into agreements and joint ventures with TIGR if Gametrac was not in fact one hell of a device!
The Competition
At present, it appears Gametrac's primary competition will come from Sony's new PSP and Nintendo's new dual screen unit called DS. Another smaller but noteworthy industry member is Tapwave, with its pricey PDA-like Zodiac models, which have mobile gaming capabilities. And smaller still we have Nokia with its gaming cell called N-Gage, which Nokia is threatening to re-design and eventually re-introduce.
And while Sony and Nintendo remain as truly formidable competitors, Sparky enjoys pointing out that Gametrac seems to be right on track for a much earlier launch date than either one of them.
Sony, which first announced plans to produce the PSP in May of 2003, with a launch date of late 2004, reported in late February that the PSP launch will be delayed until after the first quarter of 2005. Because it appears Sony's PSP is likely to be Gametrac's biggest competitor, Sparky thinks this delay has market share ramifications that are far more significant than the Street has yet to realize.
As for Nintendo, initial DS plans weren't even announced until January of this year, the unit's specifics aren't being released until May, but supposedly a late 2004 launch is still planned. Frankly Sparky doesn't think Nintendo stands a chance of launching the DS this year and expects news of a delayed launch date any day now. This expected delay, Sparky thinks, will just further assure deeper market penetration for TIGR.
The Mobile Gaming Industry
Despite rapid ongoing growth in the mobile gaming industry, at this point it's impossible to reference any industry averages or trend rates because it's such a new industry.
That said, someone needs to finally break the ice and predict how many mobile gaming units this industry will sell during its first real full year of existence, and it may as well be Sparky.
Using a consensus of unit sale estimates for 2003, Sparky estimates that Sony sold about 70 million PlayStation 2s, that Microsoft sold about 13.7 million X-Box units, and that Nintendo sold about 13.9 million GameCube units; for a three-company 2003 total of about 100 million units.
Now because mobile gaming units will cost more to buy and because they also involve monthly service plans, Sparky understands that mobile gaming unit sales will be far less. So let's say that the first-year unit sales of mobile gaming units amount to a paltry 10% of 2003's gaming unit sales of 100 million units; that still amounts to about 10 million units!
Conclusion
If Sparky may build upon the foundation presented above, let's say Gametrac captures just 10% of this new mobile gaming market during year one and that it's estimated to be comprised of about 10 million units. In other words, let's assume first year Gametrac sales of 1 million units.
Then, even though TIGR has not yet publicly announced what Gametrac is likely to cost, for purposes of illustration let's assume a price of $ 200 per unit, a gross margin on sales of about 25% (or about $ 50 per unit), for a first year total of $ 50 million.
And let's not forget the post-sale revenues associated with Smart Adds, as well as the monthly income from related service plans. Also for illustrative purposes, for year one let's assume that amounts to a gross of about $ 5 per month, per unit, for a total of $ 60 million. Adding up those gross totals, Sparky computes first year gross income of about $ 110 million.
Now let's make another ultra-conservative assumption, and assume that every single one of TIGR authorized 500 million shares is issued and outstanding at the end of year one.
Dividing $ 110 million by 500 million shares, Sparky comes up with per share earnings of about 22 cents. Now if TIGR shares were to be assigned a reasonable multiple of say 20, which is the multiple at which the DJIA now trades, that would yield a TIGR share value of about $ 4.40.
Granted, the above gross numbers are just estimates, and vague ones at that; they reflect absolutely no input from Nintendo, Sony, or Tiger Telematics; and they don't reflect operating and administrative expenses. But that said, the above numbers are still very conservative and in Sparky's opinion, if the unit sales increase, operating and other variable expenses become increasingly less of a profitability issue.
To conclude, Sparky views TIGR shares as an excellent addition to any growth-oriented portfolio and recommends immediate and aggressive accumulation anywhere near current levels.
Sincerely,
Sparky
PS - To hear what Microsoft has to say about the mobile gaming market in general and Gametrac in particular, Sparky urges you to check out the link below. After clicking it, you will be taken to Gametrac's web site. Once there, click on the link at the lower left entitled;"Microsoft on Gametrac".
http://gametrac.com/flash.asp
Tiger Telematics (TIGR)
greatday88
21 years ago
Sparky's Picks web page updated: Tuesday 03/30/04
> TIGER TELEMATICS (TIGR) @ Around 48 Cents
Tiger Telematics (TIGR) is the company behind Gametrac, a futuristic feature-packed mobile gaming device that’s about to compete directly against Sony’s PSP and Nintendo’s DS.
In additional to being a exceptional gaming device, Gametrac also performs the following functions: It serves as movie player, allowing users to view full-length videos using the unit’s built-in SD Card slot; it functions as an MP3 player permitting users to download, store, and listen to desired audio files; it’s an SMS & MMS messaging facility which enables users to send text, image, and music files; and it sports a high-resolution digital camera.
Gametrac is also equipped with a unique global positioning system; it supports Bluetooth wireless capabilities, which allows not only multi-player competition, but also makes connecting to any enabled device a snap; it has UBS capabilities; and with its removable memory cards, users are afforded unlimited storage.
In addition to having more features than competing units, Gametrac’s also equipped with a 400 Mhz processor and a built-in 64-bit graphics accelerator and, it’s the only mobile gaming unit that employs Microsoft Windows (CE.NET) as its operating system.
For the above reasons, and they really truly are good ones, Sparky’s convinced that in terms of unit sales Gametrac’s about to capture a much bigger slice of this burgeoning mobile gaming market than even the most optimistic observer might have expected.
The biggest single factor Sparky’s thinks will make this prediction a reality is the widespread popularity and ease of use of Windows as an operating system. In Sparky’s opinion, the general public worldwide has no clue how accustomed they’ve truly become to Windows.
From Gametrac’s vantage point, its use of Windows is bound to create a demand-pull situation of historical proportions. And on Microsoft’s side, Gametrac’s about to become it’s primary entry vehicle into this exploding and sure-to-be-profitable mobile gaming market.
A secondary factor that’s keeping Sparky focused on market share in general and unit sales in particular is Sony’s recent announcement that it’s PSP launch has been delayed until after March 31st, 2005. The market-share ramifications of this delay are huge! And if Nintendo delays its scheduled year-end launch of the DS, as Sparky expects they will within months, then Gametrac will clearly stand a good chance of becoming an instant industry leader.
And let’s not forget all the after-sale revenues soon to be associated with Gametrac. Specifically, TIGR will receive a share of all related monthly service plan fees and Smart Adds sales, it has lucrative game sales to look forward to, and eventually all those movie sales. The effect that higher units sales will have on these after-sale revenues is so very exciting it’s recently been keeping Sparky awake nights!
One final observation, and this has many potentially stabilizing implications; is that those buying TIGR shares at prices over 45 cents seem to have much longer-term and far-less-volatile objectives. In contrast, many of those who invested in TIGR shares at lower prices, particularly those who traded shares below 20 cents, were sheer speculators.
For these reasons, the rotation we’ve seen in TIGR’s shareholder base over the past month has been not only significant, but also desirably constructive.
Aptly teamed up with some of the world's biggest and best companies, Gametrac, Sparky thinks, is about to capture a slice of this sure-to-be-huge mobile gaming market that will exceed even the wildest expectations of even the most optimistic observers - people like Sparky!
And in the final tally, it's all going to be about the number of units sold, which is why Sparky’s convinced prices are about to explode and that TIGR shares are an excellent purchase anywhere near current levels.
http://www.allstocks.com/html/stock_picks.html
greatday88
21 years ago
GAMETRAC EUROPE SIGNS CHINA DISTRIBUTION AGREEMENT
Mar 28, 2004 (AsiaPulse via COMTEX) --
LONDON, March 28 PRNewswire-FirstCall - Gametrac Europe Ltd, a subsidiary of the Jacksonville, FL-based Tiger Telematics Inc (TIGR) has signed a top-level Heads of Agreement with multi-billion dollar distribution outlet, CATIC.
The extensive agreement includes sales, distribution, technical support and numerous other joint ventures for all Chinese regions.
(Photo: http://www.newscom.com/cgi-bin/prnh/20040326/LNF003)
Gametrac is a wireless handheld multi-entertainment device, built on the Microsoft Windows CE.NET platform, which features cutting-edge gaming, an MP3 music player, video player, multimedia messaging, GPS function and an in-built camera. The device has a GPRS connection and is due to launch later this year.
"It's a breakthrough for Gametrac, ensuring that demand will be met as well as providing efficient Asian distribution. The timing of this agreement with CATIC could not be better," says Steve Carroll, Technical Director of Gametrac Europe Ltd.
"Not only because of the booming growth in China, but because the response from our potential Chinese customers has been exceptional, in what is the world's fastest-growing hi-tech market."
The enthusiasm is matched by Xu Tongyu Deputy Director of CATIC Supply: "We are delighted to be collaborating with Tiger Telematics. The Gametrac device is powerful and highly appealing and it is perfect for the Chinese market. CATIC is a key, state-owned enterprise and our new friends at Gametrac can count on our doing our very best to help them."
CATIC businesses range from manufacturing to the import and export of technological products, from aviation to hotels. CATIC has positioned itself in the front rank of China's one hundred best foreign trade enterprises. In addition, CATIC have 45 overseas branches and representative offices in 30 countries and regions.
Mr. Steve Carroll and Mr. Xu Tongyu on the Great Wall of China sealed the deal with a handshake.
Notes:
About Tiger:
Gametrac Europe Ltd is a series of owned subsidiaries of Tiger Telematics Inc (OTC: TIGR) and is the maker of Gametrac, a next-generation mobile entertainment device. Set to launch in the UK in 2004, the gaming device includes in-built music, video, messaging and picture functions.
www.gametrac.com
www.tigertelematics.com
Tiger 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.
About CATIC:
Established in 1979, CATIC is a trans-national group integrating industry and technology with trade. The company has made remarkable progress in the import and export of aero and non-aero products, as well as businesses ranging from hotels to manufacturing to the import and export of mechanical and electrical products technology. CATIC has accumulated an import export volume of $20.8 billion, firmly holding its position in the top 20 of China's companies in terms of import and export volumes. For more information, please visit www.catic.com.cn .
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; and those risks discussed in the Company's filings with the SEC.
SOURCE: Tiger Telematics Inc
-0-
03/26/2004
CONTACT: Mike Carrender, CEO, Tiger Telematics, Inc., +1-904-279-9240; Patrik Wallgren, Head of Global Public Relations, Global Media, +44-7813-647-752, patrik.wallgrengametrac.co.uk
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040326/LNF003
PRN Photo Desk photodeskprnewswire.com
Web Site: http://www.tigertelematics.com
http://www.gametrac.com
http://www.catic.com.cn
(TIGR)
greatday88
21 years ago
From Sparky: Tuesday 03/16/04 12:43am cst
Dear Fellow HSM Members,
TIGR - Please Do Take A Look
Tiger Telematics (TIGR) is the company behind Gametrac, a futuristic feature-packed mobile gaming device that’s about to compete directly against Sony’s PSP and Nintendo’s DS.
In additional to being a exceptional gaming device, Gametrac also performs the following functions: It serves as a movie player, allowing users to view full-length videos using the unit’s built-in SD Card slot; it functions as an MP3 player permitting users to download, store, and listen to desired audio files; it’s an SMS & MMS messaging facility which enables users to send text, image, and music files; and it sports a high-resolution digital camera.
Gametrac is also equipped with a unique global positioning system; it supports Bluetooth wireless capabilities, which allows not only multi-player competition, but also makes connecting to any enabled device a snap; it has UBS capabilities; and with its removable memory cards, users are afforded unlimited storage.
In addition to having more features than competing units, Gametrac’s also equipped with a 400 Mhz processor and a built-in 64-bit graphics accelerator and, it’s the only mobile gaming unit that employs Microsoft Windows (CE.NET) as its operating system.
For the above reasons, and they really truly are good ones, Sparky’s convinced that in terms of unit sales Gametrac’s about to capture a much bigger slice of this burgeoning mobile gaming market than even the most optimistic observers might have expected.
The biggest single factor Sparky’s thinks will make this prediction a reality is the widespread popularity and ease of use of Windows as an operating system. In Sparky’s opinion, the general public worldwide has no clue how accustomed they’ve truly become to Windows.
From Gametrac’s vantage point, its use of Windows is bound to create a demand-pull situation of historical proportions. And on Microsoft’s side, Gametrac’s about to become it’s primary entry vehicle into this exploding and sure-to-be-profitable mobile gaming market.
A secondary factor that’s keeping Sparky focused on market share in general and unit sales in particular is Sony’s recent announcement that it’s PSP launch has been delayed until after March 31st, 2005. The market-share ramifications of this delay are huge! And if Nintendo delays its scheduled year-end launch of the DS, as Sparky expects they will within months, then Gametrac will clearly stand a good chance of becoming an instant industry leader.
And let’s not forget all the after-sale revenues soon to be associated with Gametrac. Specifically, TIGR will receive a share of all related monthly service plan fees and Smart Adds sales, it has lucrative game sales to look forward to, and eventually all those movie sales. The effect that higher units sales will have on these after-sale revenues is so very exciting it’s recently been keeping Sparky awake nights!
Now as if all the above items weren’t enough reason to conclude that TIGR share prices belong way, way over a dollar, Sparky urges his respected Readers to consider briefly the impressive downside protection that these TIGR shares currently offer.
Beginning with the 50 cent level, kindly note that from 02/25/2004, the first day TIGR shares traded over 50 cents, until 03/05/2004, the first day they again traded below 50 cents, more than 12 million shares changed hands, over a third of the company’s entire trading float!
And since 02/24/2004, the first day TIGR share prices exceeded 45 cents; almost 19 million shares have changed hands, over 50% of the whole trading float!
One final observation, and this too has potentially stabilizing implications; is that those buying TIGR shares at prices over 45 cents seem to have much longer-term and far-less-volatile objectives. In contrast, many of those who invested in TIGR shares at lower prices, particularly those who traded shares below 20 cents, were sheer speculators.
For these reasons, the rotation we’ve seen in TIGR’s shareholder base over the past month has been not only significant, but also desirably constructive.
So despite poor conditions throughout all equity markets recently, and in spite of some serious selling pressures during recent sessions, TIGR shares have held up exceptionally well.
Looking immediately ahead, Sparky’s convinced prices are about to explode and that TIGR shares are an excellent purchase anywhere near current levels.
Sincerely,
Sparky
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