Tiger Telematics, Inc. Acquires Comworxx, Inc.

    FORT LAUDERDALE, Fla.--June 28, 2002--Tiger Telematics Inc. (OTCBB:TIGR) today announced that it has closed its acquisition, effective June 25, 2002, of Comworxx Inc., the US mobile telematics solutions provider, for the issuance of $4.3 million of Tiger Telematics stock and the assumption of certain liabilities.
    Comworxx, based in Sarasota FL, is an end-to-end telematics solution provider to the consumer automotive aftermarket. Its Port-IT(TM) product combines global positioning, mobile telecommunications, voice-recognition and web-based information into one integrated system and has attracted preliminary expressions of interest from several major United States retailers.
    The product enables mobile users to access information and a wide assortment of essential services, including hands-free wireless telephone; dynamic turn-by-turn navigation, personalized information access, including driving directions, stock quotes and weather information; emergency services and roadside assistance.
    AJ Nassar, Chief Executive Officer of Tiger Telematics, Inc., commented: "We are delighted to have closed this acquisition. Comworxx and Tiger Telematics have complementary products that can be leveraged in each company's markets. We also believe we can quickly integrate some of the features of each of the products to enhance the full product range available to our fleet and consumer customers."
    Mike Jonas, Chief Executive Officer of Comworxx, commented: "Port-IT(TM) was developed with the US consumer in mind but we have long believed that the product has applications in the Business to Business sector currently supported by QUALCOMM, Incorporated Wireless Business Solutions (QCOM) and @ROAD(SM) (ARDI). The combination of Tiger Telematics abilities in Business to Business allied to our knowledge of the consumer sector is a powerful combination."

    About Tiger

    Tiger Telematics, Inc., provides telematics products and services in Europe and in North America. Tigers' mission is to bridge the gap that exists between the telecommunications, computing and automotive industries by delivering a comprehensive telematics solution to the consumer, business and fleet markets. Tiger provides mobile telematics services that add value to subscribers by helping them safely connect to the wireless world.

    Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor 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.