RNS Number:2134H
RAM Investment Group PLC
11 January 2005


11 January 2005

                              RAM INVESTMENT GROUP
                            ("RAM" or "the Company")

               RAM INVESTMENT GROUP ENTER INTO JOINT VENTURE WITH
                                TIGER TELEMATICS
                      TO EXPLOIT HANDHELD GAMBLING DEVICE

          Two Key Appointments Made to Drive Opportunities in Gambling


RAM Investment Group PLC, the AiM listed investment company, today announced
that it has agreed heads of terms to form a joint venture with Tiger Telematics
(NASDAQ: TGTL) to exploit the technology and design behind Tiger's new mobile
gaming console 'Gizmondo' specifically for applications in the areas of
gambling.

The Directors of the Company believe that this joint venture presents the
opportunity to exploit a large untapped market which could generate strong
revenues for Ram in the medium to long term.

Joint Venture
The agreement sees a new company being formed called Tiger Gambling Ltd which
will be 75% owned by Tiger Telematics and 25% owned by RAM with profits
generated being shared on a 50/50 basis. RAM will exert day-to-day management
control of Tiger Gambling Ltd and will be responsible for drawing up and
executing the company's strategy of exploiting the Gizmondo console, the most
advanced multi-media handheld device available today, for the gambling market.
Neither party have committed any financial resources to the JV outside
management time and operational expenses to progress the Tiger Gambling
opportunity.

Under the Heads of Terms, RAM will be granted a global license to promote and
develop the console in the gambling market for an initial 18 month period,
subject to a three year extension provided that initial sales targets are
achieved. Revenues will be driven from many sources such as equity and currency
trading, spread betting, sports betting, gaming and traditional gambling such as
poker, black jack and roulette. The device gives gambling and betting
corporations the opportunity to interact with its customers in a way they have
never been ale to do before. In addition, RAM will be able to derive significant
additional revenues from advertising through Gizmondo's 'Smart Adds'
applications which allows advertisers to deliver customized feature-rich content
to users of the device.

Ram is already in detailed discussions with well known "blue-chip" international
online gambling and established betting organisations and has already received
extremely positive feedback.

Tiger Telematics/Gizmondo
Gizmondo is a handheld mobile entertainment device that was launched by Tiger
Telematics in the UK on 29 October 2004. It contains a 400Mhz processor, state
of the art graphics chip and high resolution screen. Built in GPS technology
provides interactive and innovative gaming, GPRS allows high speed global
communication applications and other features include gaming, a camera, music
player, movie player, messaging and email.

The new console for gambling will be based on the current Gizmondo device but
will be branded and marketed under a different name. The names of the device
will vary depending on the commercial partnerships but are most likely to be
branded in the partners' names.

New Appointments
To assist RAM and exploit opportunities for Tiger Gambling Ltd, the Company has
made two senior appointments.

Brian Katz has joined RAM as a development and industry consultant and brings
extensive gambling expertise having spent over 40 years in the sector. Brian was
a director of London Clubs Ltd from 1988 to 1992 and then worked on projects to
set up and manage casinos around the world in areas such as Mauritius, The
Seychelles, Kuala Lumpar and Singapore. From 1998 to the present day Brian has
been a consultant to Stanley Leisure PLC and London Clubs Ltd.

Christian Ericson has been recruited as Technical Director to Tiger Gambling Ltd
to develop the gambling applications and the new console's functionality and has
extensive experience in product development for wireless technology
applications. Christian was most recently the Managing Director of Indie Studios
AB a Stockholm based company focusing on developing 3D multiplayer games for the
Gizmondo device.

Edward Adams, Chairman of RAM Investment Group PLC commented:

"As the gambling market worldwide grows, the opportunity exists for hand-held
gambling devices in the UK and internationally. Currently, volumes in online
gambling are increasing strongly each month and consequently, in our view, the
Gizmondo has huge potential. I can report that we are already in discussions
with some of the industry's top gambling and casino companies with a view to
agreeing partnerships and license deals."

                                    - ends -

For further information please contact:
Nick Lebetkin/Laurence Selman James Chandler
RAM Investment Group PLC Beattie Financial
020 8349 2001 020 7398 3300

Notes to Editors

About RAM Investment Group PLC
RAM Investment Group is an AIM listed investment company that focuses on
investment opportunities in the property and leisure sector, specifically
seeking low risk, high return investments. The company was formerly know as
Magnum Power PLC but changed its name in February 2004 following a reverse
takeover by RAM in May 2003.

In October 2004 RAM announced a 5 year contract between itself and the
international football organisation FIFPro to stage its annual "Players Player
of the Year" awards, the first of which will be in London in September 2005.
This contract covers all rights and in order to maximise the income generation
of these awards Ram has also concluded a 5 year production agreement with
Celador Music and Events, part of the group who make "Who Wants to be a
Millionaire".

About Tiger Telematics and Gizmondo
Gizmondo Europe Ltd. is an owned subsidiary of Tiger Telematics Inc (TGTL) and
is the maker of Gizmondo, a next-generation mobile entertainment device.
Launched in 2004, the gaming device includes built-in music, video, messaging
and picture functions and GPS.

Tiger Telematics 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.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
JVESFAFWSSISEFF
RAM (LSE:RAM)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more RAM Charts.
RAM (LSE:RAM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more RAM Charts.