Tiger Telematics® reaches out of court settlement

[Tami]

PRESS RELEASE
Tiger Telematics® reaches out of court mediation settlement with Jordan

LONDON, 5 July 2005 - Tiger Telematics Inc (other OTC, TGTL), have announced an amicable settlement of the dispute between the companies with a conclusion to the $3 million plus legal dispute over sponsorship with Jordan Grand Prix Limited. Both parties have agreed to settle out of court as a result of a mediation process for $1,500,000 in cash that was paid today by Tiger plus the completed issuance of 30,000 shares of common stock. The litigation was settled by a court approved Tomlin Order.

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 currently launching the in UK and Continental Europe, with the North American launches planned for August 2005.