Gametrac Europe Ltd, subsidiary of 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.
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," said
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.
About Tiger
Gametrac Europe Ltd is a series of owned subsidiaries of Tiger
Telematics Inc 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.
For more information, visit http://www.gametrac.com and
http://www.tigertelematics.com or call 904/279-9240.
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, visit http://www.catic.com.cn.
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