Tiger Telematics Inc. announced June 28 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, Fla., is an end-to-end telematics solution provider to the consumer automotive aftermarket. According to the company, its Port-IT product combines global positioning, mobile telecommunications, voice-recognition and web-based information into one integrated system. Comworxx claims that the product enables mobile users to access information and an assortment of essential services, including hands-free wireless telephone, turn-by-turn navigation, personalized information access, including driving directions, stock quotes and weather information and 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, said, "Port-IT 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 and @ROAD. 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. Tiger says its mission is to bridge the gap that exists between the telecommunications, computing and automotive industries by delivering a telematics solution to the consumer, business and fleet markets.