But with the reputed North American launch date fast approaching (August 11 is the last we heard), and not a peep out of the Gizmondo marketing group which was once notorious for blasting out the press releases, we have to ask, where is the revolution now?
Perhaps they blew all their marketing money on the Regent Street launch party, because a call to their former PR firm confirmed that Gizmondo was no longer a client. Why? Failure to pay the bills. A UK source also tells us that staff at the flagship store in London was scaled down this week due, no doubt, to extremely low sales.
A North American launch, at this date, seems seriously in doubt, although EBGames still lists the console, pushing back the release date to September 20.
In July, Tiger Telematics announced that the European-based office would be "streamlined" in preparation for the opening of an office in Los Angeles, California. However, the most recent SEC filing dated July fifth mentions no new lease agreement for office space in California. The filing does, however, post an unaudited operating loss of nearly 17.9 million dollars for 2004.
