Tiger Telematics Signs Heads of Agreement With Renaissance Corp Providing Gizmondo With Access and Collaboration in New Zealand

Tiger Telematics Signs Heads of Agreement With Renaissance Corp
Providing Gizmondo With Access and Collaboration in New Zealand and Australia



LONDON, June 16  /PRNewswire-FirstCall/ -- Gizmondo Europe Ltd, subsidiary of
Jacksonville, FL Tiger Telematics Inc (TIGR), announced today the signing of a
heads of agreement, (a letter of intent in U.S. terminology), with Renaissance
Corporation Ltd, the Auckland-based, specialist technology distributor and
marketer. The agreement allows for the signing of an exclusive distribution
contract, which would pave the way for a launch of the Gizmondo device into the
New Zealand and Australian markets in 2005.

Renaissance currently distributes technology products through a nationwide
reseller channel and e-tailing, including the marketing of exclusive products
for Apple, FileMaker, palmOne, SonicWALL, U.S. Robotics and Wacom. And now
Gizmondo.

"We're delighted to welcome on board a company with such fine credentials as
Renaissance," says Carl Freer, Managing Director, Gizmondo Europe Ltd. "They
would set up a business unit under the Gizmondo brand and I'm sure Renaissance
with their local market expertise and technology experience will help launch
Gizmondo with strength and impact, as well as leveraging the brand in the trade
environment."

Paul Johnston, Managing Director for Renaissance says: "We're very pleased
about the exclusive arrangement that covers full retailer and e-tailer sales,
as well as account management, logistics and support programmes"

"The market for handheld gaming devices is growing rapidly and the heads of
agreement covers a targeted volume of 150,000 units per annum in New Zealand
and Australia. The amazing versatility of the Gizmondo would complement our
existing range of products and provide Renaissance with an exciting opportunity
in the future."

Both Gizmondo and Renaissance look forward to a 2005 launch in New Zealand and
Australia.

The Gizmondo, powered by Microsoft Windows CE.net platform, boasts a 2.8-inch
TFT color screen with a Samsung ARM900 400MHz processor and incorporates 64-bit
graphics accelerator. It provides cutting-edge gaming, multimedia messaging, a
MP3 music player, Mpeg4 movie playing capability, a digital camera, and a GRPS
network link to allow wide-area network gaming. It also contains a GPS chip for
location based services and it is equipped with Bluetooth for use in
multi-player gaming.

About Tiger Telematics and Gizmondo

Gizmondo Europe Ltd. is an owned subsidiary of Tiger Telematics Inc
(NASDAQ:TIGR) and is the maker of Gizmondo, a next-generation mobile
entertainment device. Set to launch in 2004, the gaming device includes
in-built music, video, messaging and picture functions. 

  http://www.gizmondo.com/
  http://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 Renaissance Corporation Ltd

Renaissance represents leading international vendors, providing them with a
local presence for all sales, marketing and technical functions. They have
represented Apple in New Zealand for over 20 years. Renaissance Brands is a
business unit of Renaissance Limited, a wholly-owned subsidiary of Renaissance
Corporation Limited marketing IT products on behalf of a range of domestic and
international vendors, each of its divisions catering for the needs of
different vertical markets.

Renaissance Brands' Handhelds & Peripherals division is the New Zealand
representative for market-leading Palm handhelds, Sierra Wireless cellular
network cards, US Robotics voice/data and ADSL modems, and FileMaker database
development and management software. The division also markets Asus notebooks,
Creative sound cards, video cards and portable music players, Epson printers,
scanners and projectors, Philips monitors, Sony cameras, monitors, projectors
and data storage products, and a number of OEM and consumer components from
Asus, Century, Fujitsu, TwinMOS and Western Digital.

http://www.renaissance.co.nz/

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. 

DATASOURCE: Tiger Telematics Inc (TIGR)



CONTACT:  For further information please contact: Global Media: Patrik

Wallgren, Head of Global Public Relations, [phone]

Mike Carrender, CEO, Tiger Telematics, Inc. [phone]

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