Gizmondo Still Going Ahead With Launch

Iria · Oct 7, 2005, 04:26 AM

"Contrary to rumours in the marketplace," said Carl Freer, co-founder and Chairman of Tiger Telemetrics, "we are not delaying the scheduled USA launch, we are committed to the October 22, 2005 release date, and the product will be available in all 50 states well in advance of the Christmas retail season."

The rumors exist because Gizmondo is $210 million in the hole just the last year, and gamers can't really wrap their heads around the viability of a new portable console entering a market crowded by PSPs, DSes, and GBAs. "Remember the N-Gage" is the mantra one would choose to chant, if one had to pick a mantra.

But Gizmondo remains staunch and unthwarted by such doubts. Not only is the US launch going ahead as planned, but two new retailers are lined up to sell Gizmondo in the UK: Play.com and Maplin.

Michael Carrender, CEO, Tiger Telematics, says: "Tiger Telematics is strategically well positioned in a rapidly growing mobile gaming industry. This has generated discussions that may or may not lead to a substantial corporate action or strategic opportunity."
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Read More / Source: 1Up

Oct 7, 2005, 04:26 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Gizmondo Still Going Ahead With Launch "Contrary to rumours in the marketplace," said Carl Freer, co-founder and Chairman of Tiger Telemetrics, "we are not delaying the scheduled USA launch, we are committed to the October 22, 2005 release date, and the product will be available in all 50 states well in advance of the Christmas retail season." The rumors exist because Gizmondo is $210 million in the hole just the last year, and gamers can't really wrap their heads around the viability of a new portable console entering a market crowded by PSPs, DSes, and GBAs. "Remember the N-Gage" is the mantra one would choose to chant, if one had to pick a mantra. But Gizmondo remains staunch and unthwarted by such doubts. Not only is the US launch going ahead as planned, but two new retailers are lined up to sell Gizmondo in the UK: Play.com and Maplin. Michael Carrender, CEO, Tiger Telematics, says: "Tiger Telematics is strategically well positioned in a rapidly growing mobile gaming industry. This has generated discussions that may or may not lead to a substantial corporate action or strategic opportunity." _____________ Read More / Source: 1Up