UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 10-Q


       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                For the Quarterly Period Ended September 30, 2002

                        Commission File Number 001-15977

                             TIGER TELEMATICS, INC.
             (Exact name of registrant as specified in its charter)

                Delaware                                    13-4051167
     (State or other jurisdiction of                      (IRS Employer
      Incorporation or organization)                  Identification Number)

 419 Belfort Rd. Ste. 200 Jacksonville, FL 32216              32216
    (Address of principal executive offices)                (Zip Code)

                                  904) 279-9240
              (Registrant's telephone number, including area code)



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                           Yes  x          No
                               ---           ---

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

                                                 Outstanding as of
Class                                            November 21, 2002
---------------------------                      ---------------------
Common Stock, Par                                80,836,426
Value $0.001 per share

<PAGE>


                                    CONTENTS

                                                                         Page
                                                                         ----


Financial Statements
     Condensed Consolidated Balance Sheets                               F-2

     Condensed Consolidated Statements of Operations                  F-3 - F-4

     Condensed Consolidated Statement of Stockholders' Deficit           F-5

     Condensed Consolidated Statements of Cash Flow                   F-6 - F-8

     Notes to Condensed Consolidated Financial Statements             F-9 - F-15







<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS

                                                                      September 30,     December 31,
                                                                           2002              2001
                                                                       (unaudited)
                                                                     --------------    --------------
<S>                                                                  <C>               <C>
Assets
Current Assets
    Cash                                                             $         --      $       20,331
    Accounts receivable, less allowance for doubtful
        Accounts, Sept 30, 2002 $0;
        December 31, 2001 $7,406                                            364,714            93,580
    Advances to officers and employees                                         --              26,029
    Inventories                                                             210,659           708,293
    Prepaid expenses and deferred income                                    478,355            27,241
    Assets of discontinued operations                                       983,418              --
                                                                     --------------    --------------
    Total Current Assets                                                  2,037,146           875,474
Property and Equipment, net                                                 176,238           161,028
Distribution Agreement, less accumulated amortization
    of $115,760                                                             347,290              --
Order Backlog                                                             1,800,000              --


Deposits and Other Assets                                                    15,470           262,272
                                                                     --------------    --------------
    Total Assets                                                     $    4,376,144    $    1,298,774
                                                                     ==============    ==============

Liabilities and Stockholders' Deficit
Current Liabilities
    Accounts payable                                                 $    2,296,113    $      764,455
    Amounts due stockholders                                              2,597,960         1,541,053
    Notes payable                                                            86,261           130,119
    Accrued expenses                                                      1,053,207           147,451
    Customer deposits                                                          --             110,325
    Liabilities of discontinued operations                                  983,418              --
                                                                     --------------    --------------
                   Total current liabilities                              7,016,959         2,693,403
                                                                     --------------    --------------

Stockholders' Deficit
    Common stock, at par value                                               72,269            55,887
    Authorized 100,000,000 shares, issued September 30, 2002
    72,769,189; December 31, 2001 55,886,664 shares
    Shares earned but not issued, September 30,2002 10,317,494
    shares                                                                   10,318              --

    Additional paid in capital                                            9,061,990           514,104

    Subscription receivable                                                     (36)              (36)
    Accumulated deficit                                                 (11,785,356)       (1,964,584)
                                                                     --------------    --------------
                                                                         (2,640,815)       (1,394,629)
                                                                     --------------    --------------

                                                                     $    4,376,144    $    1,298,774
                                                                     ==============    ==============

</TABLE>

See Notes to Consolidated Financial Statements.

                                       F-2
<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (unaudited)




                                                   Three Months ended September 30,
                                                   --------------------------------
                                                         2002              2001
                                                   --------------    --------------
<S>                                                <C>               <C>
Net sales                                          $      152,080    $         --
Cost of goods sold                                        222,721              --
                                                   --------------    --------------
             Gross Profit                                 (70,641)             --
                                                   --------------    --------------

Operating expenses
   Selling expense                                        203,681              --
   General and administrative expense                   1,206,935            66,514
                                                   --------------    --------------
             Total Operating Expenses                   1,410,616            66,514
                                                   --------------    --------------

             Operating loss                            (1,481,257)          (66,514)
                                                   --------------    --------------

Other income (expense)
   Impairment of goodwill                              (1,000,000)
   Currency Translation Adjustment                        (24,837)             --
   Interest expense                                        (1,685)          (36,635)
                                                   --------------    --------------
                                                       (1,026,522)          (36,635)
Loss from continuing operations                        (2,507,779)         (103,149)



Loss from discontinued operations                            --            (178,081)

                                                   --------------    --------------
             Net loss                              $   (2,507,779)   $     (281,230)
                                                   ==============    ==============

             Basic and diluted net loss per
               common share                        $      (0.0345)   $       (0.005)
                                                   ==============    ==============
             Basic and diluted net loss from
               Continuing operations per share     $      (0.0345)   $      (0.0019)
                                                   ==============    ==============

             Weighted average shares outstanding
               (Basic and diluted)                     72,779,189        54,236,664
                                                   ==============    ==============

</TABLE>

See Notes to Consolidated Financial Statements.

                                       F-3
<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (unaudited)




                                                  Nine Months ended September 30,
                                                 --------------------------------
                                                       2002              2001
                                                 --------------    --------------
<S>                                              <C>               <C>
Net sales                                        $      181,663    $         --
Cost of goods sold                                      295,362              --
                                                 --------------    --------------
           Gross Profit                                (113,699)             --
                                                 --------------    --------------

Operating expenses
   Selling expense                                      452,842              --
   General and administrative expense                 4,060,279           216,231
                                                 --------------    --------------
           Total Operating Expenses                   4,513,121           216,231
                                                 --------------    --------------

           Operating loss                            (4,626,820)         (216,231)
                                                 --------------    --------------

Other income (expense)
   Impairment of goodwill                            (4,714,818)
   Currency Translation Adjustment                      (73,328)             --
   Interest expense                                     (40,305)         (103,657)
                                                 --------------    --------------
                                                     (4,828,451)         (103,657)
                                                 --------------    --------------
Loss from continuing operations                      (9,455,271)         (319,888)
Loss from discontinued operations                      (353,430)         (636,637)
                                                 --------------    --------------

           Net loss                              $   (9,808,701)   $     (956,525)
                                                 ==============    ==============

           Basic and diluted net loss per
             common share                        $      (0.1437)   $      (0.0176)
                                                 ==============    ==============
           Basic and diluted net loss from
             continuing operations per share            (0.1385)          (0.0059)
           Weighted average shares outstanding
             (basic and diluted)                     68,260,192        54,236,664
                                                 ==============    ==============

</TABLE>

See Notes to Consolidated Financial Statements.

                                      F-4
<PAGE>
<TABLE>
<CAPTION>

                    TIGER TELEMATICS, INC. AND SUBSIDIARIES
            CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT



                                                  Common Stock           Additional
                                                  ------------             Paid in     Subscriptions    Accumulated        Total
                                             Shares         Amount         Capital      Receivable        Deficit         Deficit
                                          ------------   ------------   ------------   ------------    ------------    ------------
<S>                                       <C>            <C>            <C>            <C>             <C>

Balance (deficit) at December 31, 2001      55,886,664   $     55,887   $    514,104   $        (36)   $ (1,964,584)   $ (1,394,629)
Issuance of common stock and warrants        2,512,450          2,512        874,161           --           876,673
Conversion of notes payable and amounts
   Due stockholders into common stock
       and Warrants                          2,306,809          2,307        920,416           --              --           922,723
Common Stock issued in acquisition of
       Tiger Telematics, Ltd.                7,000,000          7,000      2,793,000           --              --         2,800,000
Common Stock issued in satisfaction of
       Obligations                             300,000            300        119,700           --              --           120,000
Common Stock issued in acquisition of
assets of  Comworxx Inc.by Tiger USA
(7,917,494 contingent shares unissued at
September 30 2002)                           4,263,266          4,263      3,040,927           --              --         3,045,190
2,400 shares issuable for consulting
agreement, shares unissued at September
30, 2002                                          --             --          810,000           --              --           810,000

Net Loss                                          --             --             --             --        (9,808,701)     (9,808,701)
                                          ------------   ------------   ------------   ------------    ------------    ------------
Balance (deficit) at September 30, 2002     72,269,189   $     72,269   $  9,061,990   $        (36)   $(11,785,356)   $ (2,640,815)
                                          ============   ============   ============   ============    ============    ============

</TABLE>




See Notes to Consolidated Financial Statements.

                                      F-5
<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (unaudited)
                                                                    Nine Months ended September 30,
                                                                   --------------------------------
                                                                         2002              2001
                                                                   --------------    --------------
<S>                                                                <C>               <C>
Cash Flows From Operating Activities
  Net loss                                                         $   (9,808,701)   $     (956,525)
  Adjustments to reconcile net loss to net cash used in
  Operating activities:
    Depreciation and Amortization                                          91,155            27,512
    Currency translation adjustments                                       73,328              --
    Changes in assets and liabilities                                   2,530,067           601,194
    Interest on notes payable and stockholder loans
      Capitalized to principal balances                                    23,144              --
    Write down of deposit                                                 100,000              --
    Impairment of goodwill on asset acquisition                         4,714,818              --
    Obligations paid with common stock                                    930,000              --
                                                                   --------------    --------------
            Net cash used in operating activities                      (1,346,189)         (327,819)

Cash Flows From Investing Activities
  Cash received from acquisition of Tiger Telematics                          787              --
  Advances to Comworxx                                                    (50,000)             --

  Proceeds from sale of property and equipment                               --              10,653
  Purchase of property and equipment                                      (68,367)          (44,980)
  Collection of advances to officers and employees                         26,029              --
  (Increase) decrease in deposits and other assets                        146,802            32,853
                                                                   --------------    --------------
Net cash (used in) provided by investing activities                        55,251            (1,474)
                                                                   --------------    --------------
Cash Flows From Financing Activities from continuing
operations

  Issuance of common stock and warrants                                   876,673              --

  Interest on Notes payable                                                  --              16,084

  Advances to employees                                                      --             (14,933)

  Loans and advances from stockholders                                  1,056,907           645,825
  Increase in excess of outstanding checks and bank balances             (163,129)             --
  Repayments to stockholders                                             (479,513)         (317,683)
                                                                   --------------    --------------
            Net cash provided by used in financing activities           1,290,938           329,293
                                                                   --------------    --------------
            Net change in cash                                               --                --




                                       F-6
<PAGE>

Cash:
  Beginning                                                                  --                --
                                                                   ==============    ==============
  Ending                                                           $         --                --
                                                                   ==============    ==============

Supplemental Disclosure of Cash Flow Information

  Cash paid for interest                                           $       15,476    $      103,657
                                                                   ==============    ==============
Supplemental Disclosure of Non-cash Investing and Financing
  Activities
    Common Stock issued in payment of obligations                  $      930,000    $         --
                                                                   ==============    ==============

    Common Stock issued in exchange for subscriptions receivable   $         --      $          622
                                                                   ==============    ==============

    Conversion of Notes Payable and Amounts Due
    Stockholders into Common Stock                                 $      922,723    $         --
                                                                   ==============    ==============


</TABLE>











                                      F-7
<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
            CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS CONTINUED
                                   (unaudited)


                                                           2002              2001
                                                     --------------    --------------
<S>                                                  <C>               <C>
Acquisition of Tiger Telematics:
  Working capital acquired, net of cash $787         $      144,917              --
    Distribution Agreement                                2,800,000              --
    Order Book                                              463,050              --
    Property and Equipment                                    1,436              --
  Amounts due to stockholders                              (610,190)             --
  Common Stock issued                                    (2,800,000)             --
                                                     --------------    --------------
  Cash received                                      $          787              --
                                                     ==============    ==============




Acquisition of Comworxx, Inc.:
  Working capital acquired,                                (957,063)             --

    Property and equipment                                  280,629              --
    Goodwill                                              3,714,818              --
    Other assets                                             15,470              --
    Notes payable assumed                                    (8,664)             --
  Common Stock issued                                    (3,045,190)             --
                                                     --------------    --------------
  Cash received                                      $      --              --
                                                     ==============    ==============

</TABLE>



See Notes to Consolidated Financial Statements.

                                      F-8
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE A - BASIS OF PRESENTATION

The condensed consolidated financial statements as of September 30, 2002 and the
three months and six months ended  September 30, 2002 and 2001  included  herein
have been  prepared by the  Company,  without  audit,  pursuant to the rules and
regulations of the Securities and Exchange  Commission.  Certain information and
footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with accounting principles generally accepted in the United States of
America have been condensed or omitted  pursuant to such rules and  regulations.
In the  opinion  of  management,  all  adjustments,  consisting  only of  normal
recurring  adjustments,  necessary  for a fair  presentation  of  the  financial
information  for  the  periods   indicated  have  been  included.   For  further
information   regarding  the  company's  accounting   policies,   refer  to  the
consolidated  financial  statements  and related notes included in the company's
Annual Report on form 10-K for the year ended  December 31, 2001.  The condensed
consolidated  financial  statements  for  three  months  and nine  months  ended
September  quarter  ended  September  30,  2002  were not  reviewed  by  outside
independent  accounts as is normally done.  Upon  appointment of new accountants
the  statements  will be reviewed and an amendment to this Form 10Q will be made
as  appropriate.  The  balance  sheet at December  31, 2001 is derived  from the
audited financial statements.

NOTE B - REVERSE ACQUISITION AND EQUITY TRANSACTIONS

As of December 31, 2000 Floor Decor had 1,000 shares of common stock  authorized
and 378 shares issued and  outstanding.  The Company  issued an  additional  622
shares of common stock on January 1, 2001 at a cost of $1 per share. As a result
of these additional shares being issued,  the Company had 1,000 shares of common
stock  authorized  and 1,000 shares issued and  outstanding as of March 31, 2001
prior to the reverse acquisition (as described below) on May 22, 2001.

On May 22, 2001,  a  purchasing  group led by A.J.  Nassar  acquired  21,900,000
shares of the common  stock of Media  Communications  Group,  Inc.  ("MCGI")  in
exchange for all of the outstanding common shares of Floor Decor, Inc. to become
the owner of  approximately  40% of the issued and  outstanding  common stock of
MCGI  pursuant to an agreement  including the merger of Floor Decor into a newly
formed wholly owned subsidiary of the Company. Prior to the acquisition of Floor
Decor,  MCGI was a "public shell"  company,  with no  significant  operations or
assets.  The  acquisition  of  Floor  Decor  was  accounted  for  as  a  reverse
acquisition.  Under a reverse acquisition, Floor Decor is treated for accounting
purposes as having  acquired  MCGI and the  historical  financial  statements of
Floor Decor become the  historical  financial  statements of MCGI. In accounting
for the reverse acquisition, the equity of Floor Decor, as the surviving company
is  recapitalized.  Also,  upon  the  closing  of  the  reverse  acquisition  an
obligation to an original MCGI vendor for $4,931 was assumed.

To compute the loss per share for the three  months and nine  months  ended June
30,  20001,  the  54,236,664  shares  outstanding  at the  date  of the  reverse
acquisition  was  assumed to be  outstanding  since  July 3,  2000,  the date of
inception of the Company.

Since the Company had a loss for all periods  presented,  basic and diluted loss
per common  share are equal.  The Company has not included  7,218,592  potential
common shares  relating to outstanding  common warrants as of September 30, 2002
in the  calculation  of the diluted  earnings per share for the third quarter of
2002, because their effect would be antidilutive.

During the 1st quarter of 2002 the Company sold  2,512,450  shares of its Common
Stock as part of the private placement  transaction  initiated in December 2001.
These  shares  were sold at $ 0.40 per  share.  For each  share of Common  Stock
purchased,  the  investor  also  received  a warrant  representing  the right to
purchase  one  additional  share of  Common  Stock at a price of $0.75 per share
exercisable  through  December  31,  2003.  Proceeds  from these  sales,  net of
advisory  fees  totaling  $128,307,  amounted  to  $876,673.  The  Company has a
disputed  agreement  with an advisor  for  consulting  services.  For  financial
reporting  purposes  this was treated as earned but not issued  since the shares
have not been issued due to the unresolved  dispute.  See page F-4  Consolidated
Statements of Stockholder's Deficit.


                                      F-9
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

During the 1st quarter of 2002, the company sold 2,512,450  shares of its Common
Stock as part of the private placement  transaction  initiated in December 2001.
These  shares  were  sold at $0.40 per  share.  For each  share of Common  Stock
purchased,  the  investor  also  received  a warrant  representing  the right to
purchase  one  additional  share of  Common  Stock at a price of $0.75 per share
exercisable through December 21,2003. Proceeds form these sales, net of advisory
fees totaling $128,307, amounted to $876,673.

The Company had an agreement with an advisor for consulting services.  Under the
agreement, the Company was to issue 2,400,000 shares of stock, which were valued
at $810,000. For financial reporting purposes this was treated as earned but not
issued  since  the  shares  have not  been  issued.  See  page F-5  Consolidated
Statements of Stockholder's Deficit.

During  the 1st  quarter of 2002,  certain  stockholders  and  others  converted
$922,733 of notes payable and amounts due to stockholders  into 2,306,809 shares
of Common Stock. For each share of Common Stock purchased,  they also received a
warrant  representing the right to purchase one additional share of Common Stock
at a price of $.075 per share exercisable through December 31,2003.  The company
also agreed to issue  warrants to purchase  416,000  shares pf Common Stock at a
price of $0.75 per share  exercisable  through December 2003 as advisory fees in
connection  with these stock sales.  These warrants have not yet been issued due
to unresolved issues with the advisor.

In October,  certain stockholders  converted $455,761 of debt to equity at $.010
per share. See Note C- Related Party Transactions.

NOTE C - RELATED PARTY TRANSACTIONS

As of September  30, 2002, a 10% demand notes payable to a 21.%  stockholder  in
the  amount  of  $231,375.  The  Company  also owed a total of  $80,382  to this
stockholder  on a non-interest  bearing note that is due on demand.  The Company
also owed a 10% demand note payable in the amount of $80,6878.  to a stockholder
of approximately  4%. Interest ceased on these obligations as of August 9, 2002,
when the Company  sold the  flooring  assets.  The  Company  also owed these two
shareholders  a  combined  total of  $62,732  for  deferred  payroll  and  other
obligations.  In October 2002 all of these  amounts were  converted  into equity
with 4,551,761 in shares of Common Stock issued.

As of September  30, 2002,  the Company had 15% demand notes  totaling  $77,597,
payable to stockholders (combined ownership less than 1%).

The Company also has  non-interest  bearing notes of $1,070,629 and non interest
bearing  advances of $818,555  payable to the two former Tiger  Telematics  Ltd.
stockholders  (combined ownership over 10% of the Company). As discussed in note
F, $610,190 of these  advances was  converted  into Common Stock and warrants in
October 2002.


                                      F-10
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

A shareholder  borrowed some of the funds advanced to the Company from a private
investment bank based in London. The shareholders  failed to repay the note when
due. The investment  firm has made demand on the subsidiary  Tiger Ltd. to repay
the funds  since  Tiger  Ltd.  was the  beneficiary  of the funds.  The  Company
believes it is not  responsible  for that obligation and responded to the demand
accordingly.  The  Company  shows  the  obligations  to its  shareholder  on the
financial  statement.  Therefore  no  provision  has been made for this  alleged
obligation.  The Company has been in  settlement  negotiations  where the demand
note to the  shareholder  is forgiven  by the  shareholder  in exchange  for the
company entering into an installment note to be paid over time directly with the
private investment bank in the same amount as forgiven by the shareholder.

The Company has received inquiries from persons who maintain that they have made
an  investment  in the  Company  for which the  Company has no records and which
appear to be private transactions among various  shareholders.  Legal counsel is
looking into the circumstances surrounding each inquiry.

Total interest expense on stockholder  debt amounted to $40,079 and $2,946.  for
the nine months and three months ended September 30,2002.

NOTE D - INCOME TAX MATTERS

The Company has net operating loss  carryforwards for United States Tax purposes
as of  September  30, 2002 for  federal  income tax  purposes  of  approximately
$4,150,000  expiring in 2021.  Any future  benefit to be realized from these net
operating  loss and  contribution  carry  forwards is dependent upon the Company
earning sufficient future income taxable in the United States during the periods
that the carry  forwards are  available.  The loss carry  forwards  also contain
restrictions on the type of taxable income that they can be used to offset.  Due
to these  uncertainties,  the Company has fully offset any deferred tax benefits
otherwise  relating to the net  operating  loss carry  forward  with a valuation
allowance in the amount of approximately $1,340,000.  The Company has losses off
settable  against  future income in the UK of $2,585,611  expiring in 2021.  Any
future  benefits to be realized  from the losses is  dependant  upon the company
earnings  sufficient future taxable income in the UK during the periods that the
losses off settable are available.  Due to these  uncertainties  the Company has
fully  offset any deferred  tax  benefits  otherwise  relating to the losses off
settable  against  future  income  with a valuation  allowance  in the amount of
approximately $645,125.

NOTE E - NOTES PAYABLE

As of September  30, 2002,  the Company had 15% demand  notes  payable  totaling
$8,664 from the Comworxx acquisition. The company also has a 10% note payable in
the amount of $77,597.

NOTE F - ACQUISITIONS.

TIGER TELEMATICS, LTD.

On February 4, 2002,  pursuant to a Stock Purchase Agreement between the Company
and Eagle Eye  Scandinavian  Distribution  Limited,  an English  private limited
company,  which  name the  Company  has  changed to Tiger  Telematics  (UK) Ltd.
("Tiger  Telematics"),  the Company  purchased all of the  outstanding  stock of
Tiger  Telematics in exchange for 7,000,000  shares of Floor Decor,  Inc. common
stock. Tiger Telematics is an early stage company engaged in the distribution of
telematics product.

The 7,000,000 shares of stock issued were valued at $0.40 per share.  This price
is the same price as the private placement transactions with investors that were
entered into from December 2001 through March 2002. This valued the stock issued
at $2,800,000. The negative equity of Tiger


                                      F-11
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



Telematics  of  $463,050  as of the  acquisition  date  resulted in an excess of
acquisition cost over tangible asset value of $3,263,050.

The  excess of the  acquisition  price over the  tangible  asset  valuation  was
assigned to two intangible  assets.  $2,800,000 was ascribed to an order backlog
of open pending  orders for products for future  shipments over the next several
years.  This  amount  will be  amortized  as the orders are shipped on a prorata
basis.  The  remaining  amount of $463,050 was assigned to  distribution  rights
under a Distribution Agreement with Eagle Eye Telmatics, plc, which was executed
on October 19,  2001(see Form 10-K dated March 31, 2002,  exhibit  #21.1).  This
amount  will be  amortized  quarterly  over the 32 month  remaining  life of the
distribution agreement at the time of acquisition.

In third quarter 2002, the Company determined that the good will relative to the
order book was  impaired  due to the  failure  to ship the orders as  originally
projected to the customers and due to the change in Tiger Ltd.'s  business model
to derive its income from monthly  revenue  generated  by its  wireless  telecom
providers  partnership  arrangements as opposed to generating  revenue primarily
from the sale of hardwire.  The Company  wrote-off  $1,000,000  of impaired good
will in the quarter ended September 30, 2002.

In connection with this  acquisition,  the former Tiger Telematics  shareholders
agreed to convert  $610,190  of their  shareholder  debt into  Common  Stock and
warrants  to  purchase  common  stock at a price of $0.75 per share  exercisable
through December 31, 2003. The conversion rate was one share of common stock and
one warrant for every $0.40 of debt.  Although  initiated in August, the debt of
$610, 190 was actually converted in October 2002 into 1,525,475 shares of Common
Stock and 1,525,475 Warrants.

COMWORXX, INC.

On June 25, 2002,  pursuant to a Purchase Agreement between the Company's wholly
owned  subsidiary   Tiger  USA,  Inc  and  Comworx,   Inc.,  a  private  Florida
incorporated  company, the Company formed a new wholly owned subsidiary Comworxx
Acquisition Corporation which name the Company has changed post closing to Tiger
Telematics USA. ("Tiger USA").  Tiger USA purchased all of the assets of Comworx
in exchange for 4,263,266 shares of Tiger Telematics,  Inc. common stock.  Tiger
USA is now an early stage  company  engaged in  beginning  the  distribution  of
telematics  product  to the  United  States  consumer  market.  Comworxx  assets
included license agreements and intellectual properties.

Pursuant to the terms of the purchase  agreement the  4,263,266  shares of stock
issued were valued at $1.00 per share;  provided  however  that if the price per
share of Tiger  Common  Stock sold in the next equity  financing in Tiger Raises
gross  proceeds  of at least $3 million is less than $1.00 per share the assumed
purchase  price  shall be  reduced  to the price  per  share in the next  equity
financing and provided  further however that is the new equity  financing is not
consummated by September 1, 2002 the assumed price shall be reduced to $.035. If
the purchase price is reduced to less than $1.00 per share of Tiger Inc.  common
stock.  Tiger will have to issue such additional shares as necessary so that the
total number of shares of Tiger Common Stock issued  pursuant to this provision,
is equal to the quotient,  rounded to the nearest  whole  number,  of $4,263,266
divided by the final assumed  purchase price.  The maximum number of shares that
would be issued under this formula  would be  12,180,760.  The Company  recorded
this transaction as if the maximum number of shares will be issued, resulting in
the recording of 7,917,494  contingent  shares. The Company valued the shares at
$.25 per share,  which was the trading  price at the date if purchase,  giving a
purchase  price of  $3,045,190.  Based on a post  acquisition  review  of assets
reserves were made to inventory, receivables and property plant and equipment to
equal the current  estimated  value as of the  acquisition  date.  The  reserves
created an additional  excess of  liabilities  over tangible  assets.  The total
excess of liabilities over tangible assets of Comworxx  acquired  resulted in an
additional good will of $669,628.


                                      F-12
<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



The  excess of the  acquisition  price over the  tangible  asset  valuation  was
assigned  to  three  intangible  assets.   Although  the  acquisition   included
intellectual  property  and  license  agreements  due  to  the  position  in the
marketplace and funding issues  associated with the acquisition,  agreements the
Company believes that the good will is impaired as of June 30, 2002. The company
wrote off all of the goodwill of  $3,714,818 in the quarter ended June 30, 2002.
The Company believes that the seller of the assets may have  misrepresented  the
nature of the assets and the viability of the associated business at the time of
the transaction.  As a result the Company has retained independent legal counsel
to advice it of its rights  against  the  shareholders  of the seller to recover
certain sums or to rescind the entire  transaction.  The Company does not intend
to issue the contingent shares referred to above until a final determination has
been made as to the potential causes of action against the seller.

Proforma information: The following proforma information reflects the net sales,
net loss,  and per share  amounts  for the nine  months and three  months  ended
September  30,  2002  and  2001as  if the  Tiger  Telematics,  Ltd and  Conworxx
acquisitions had been completed on January 1, 2001:


                                Nine months ended:              Three months ended:
                          =============================   =============================
                               2002            2001            2002            2001
                          =============   =============   =============   =============
<S>                       <C>             <C>             <C>             <C>
Proforma net sales        $     216,118   $           0   $     152,080   $           0
                          =============   =============   =============   =============
Performa net loss         $ (11,312,414)  $  (2,613,314)  $  (2,507,779)  $   ( 927,903)
                          =============   =============   =============   =============

Proforma basic and
diluted net loss
per common share          $     (0.1426)  $     (0.0356)  $     (0.0309)  $     (0.0126)
                          =============   =============   =============   =============
Weighted average shares
outstanding                  79,349,119      73,417,424      81,120,015      73,417,424
(basic and diluted)
                          =============   =============   =============   =============

</TABLE>

NOTE G.    LEASE IN THE UK
On April 26, 2002 the company  entered into a Lease Agreement with Christian and
Timbers UK Ltd. for office premises for its subsidiary  Tiger Telematics Ltd. in
London,  United  Kingdom.  The lease has a term of five years.  The Company will
satisfy its  obligation  to pay rent for the first year of the term of the lease
by  issuing  500,000  shares of Floor  Decor's  Common  Stock.  If the  Landlord
liquidates  the  Shares  in the  first  year of the  term of the  Lease  and the
aggregate  net  proceeds  of sale  arising  from such sale or sales is less than
(pound)126,018.75 (or the US Dollar equivalent using the mid range exchange rate
prevailing  on the date of actual  receipt of the said  proceeds  of sale by the
Landlord) the Tenant shall forthwith pay to the Landlord the difference  between
(pound)126,018.75 and the said proceeds in cash. The second and subsequent years
of the term of the lease shall be paid in cash.  The company  has  recorded  the
full amount due for the first year of the lease as a liability of $182,636 based
on the conversion  rate the date the lease was  consummated.  The 500,000 shares
issued to them are not considered issued for financial  reporting purposes until
such time as they are actually sold into the market by the landlord or until the
liquidation guarantee is expired.



                                      F-13
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Management  still  intends  to raise up to $7.0 to $10  million  in  equity  for
working capital.

NOTE H - SEGMENT INFORMATION

During  the first  nine  months of 2002 the  Company  operated  in the  flooring
business in Florida, now a discontinued  operation and in the telematics product
development and distribution business in Europe.

     o    Flooring Retail and Installation- now a discontinued operation
     o    Telematic product development and distribution

The  accounting  policies  of the  reportable  segments  are the  same as  those
referred  to  in  Notes  A.  In  June  6,  2002,   the  company   announced  the
discontinuation  of the  flooring  segment  and sold the assets of the  flooring
business on August 9, 2002.  As a result the company is not  disclosing  segment
information.

NOTE I -DISCONTINUED OPERATIONS:

In June  2002  the  Company  entered  into a plan  to  dispose  of its  flooring
business.  The flooring  business was subsequently sold on August 9, 2002. As of
June 30, 2002, the Company  accounted for the flooring segment as a discontinued
segment.  Assets of  $983,418  and  liabilities  of  $983,418.  relating  to the
flooring business as of September 30, 2002 have been aggregated on the condensed
consolidated  balance sheet.  The Company has estimated that the net loss on the
discontinued operations from June 30, 2002 through August 9, 2002 to be $35,000,
and the estimated  gain on sale and included that amount in the  liabilities  of
the  discontinued  segment.  No  adjustment to that amount was required in third
quarter based on actual sale results. A summary of the assets and liabilities as
of September 30, 2002 is as follows:


Assets:
  Accounts receivable                     $983,418
                                          --------
    Total assets                          $983,418
                                          ========
Liabilities:
  Notes payable                           $273,763
  Accounts payable                         664,819
  Other accruals                            44,837
                                          --------
                                          $983,418
                                          ========

Revenue included in loss from discontinued operations amounted to $2,163,158 and
$2,649.056 for the nine months ended  September 30, 2002 and 2001  respectively,
and $ 348,102 and $1,297,555  for the three months ended  September 30, 2002 and
2001, respectively.

On August 9, 2002, the Company sold its flooring  business to a purchasing group
headed  up  by a  former  officer  of  the  Company.  The  Company  sold  assets
aggregating   $1,152,698,   and  had  the  buyer  assume  liabilities   totaling
$1,243,135. The Company will remain contingently liable on the liabilities until
such time as the acquirers pay them off. In addition,  the purchaser has assumed
two non balance  sheet  operating  leases for  buildings  with  annual  rents of
approximately $459,480 a year that were assumed without landlord consents. These
leases expire August 31, 2005 and  September 30, 2005  respectively.  Should the
purchaser not meet these obligations they become the obligations of the company.
These leases are personally  guaranteed by a shareholder  of the company.  As of
September 30, the accounts  receivable $983,418 represents the obligation of the
acquirer to pay the remaining liabilities of discontinued  obligations that were
assumed and for which the company is contingently liable.


                                      F-14
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE J - BUSINESS CONSIDERATIONS

For the year  ended  December  31,  2001,  the  Company  incurred  net losses of
approximately  $1,299,000.  For the  first  nine  months  of  2002,  the  losses
$9,808,701.  Although  approximately  $407,000  of the loss in 2002 was from the
non-cash  write-down of impaired good will,  the Company had negative cash flows
from operating activities of approximately  $713,000 for the year ended December
31, 2001 and negative cash flows from  operating  activities  for the first nine
months of 2002.

The negative cash flows from  operations,  as well as the costs  associated with
the Tiger  Telematics Ltd.  acquisition and the acquisition of assets of Comworx
has strained the Company's cash flow. Since the Company was not able to generate
positive net cash flows from operations,  additional capital was needed.  During
the first  nine  months  of 2002 the  Company  entered  into  private  placement
transactions with individual investors. In these private placement transactions,
the Company sold shares of its common stock and warrants to raise  approximately
$876,000 of equity, as disclosed in note B. During the same period, stockholders
converted   approximately   $923,000  of  debt  into  equity  of  the   Company.
Stockholders of the company  continue to support the operation with  substantial
loans to sustain operations as reported and note C and note I.

The Company  continually  monitors operating costs and will take steps to reduce
these costs to improve cash flow from  operations if  necessary.  The Company is
continually  seeking  sources of new  capital to aid the  implementation  of its
business plan. The Company's private bank financing has been delayed due in part
to the need to resolve open issue  related to potential  liabilities  related to
its acquisition of the assets of Comworrx, to the satisfaction of the lender. As
a part of funding  efforts,  the Company has executed a  subscription  agreement
with a private company to sell 7,500,000 shares of Company Common Stock at $0.20
per share. The Company anticipates having the proceeds of this stock sale within
the next few weeks  although no assurance  can be given that the  investor  will
fund. This amount will be a part of a total fund raising of $10 million that the
company  is  seeking.  However,  there  can  be  no  assurance  that  additional
financing,  capital or other form of debt  financing  will be  available,  or if
available on terms reasonably  acceptable to the Company.  The company continued
to issue shares of Common  Stock in October and  November to settle  obligations
due for payment.

The Company plans to develop the Tiger Telematics Ltd.  product  development and
distribution  business  in the UK.  This is going  forward as planned but slower
than anticipated due to a lack of funding. The Company is concluding development
of its next  generation  fleet  product and its new tracker  products  including
child  tracker  devices.  The company is still  evaluating  the  business of its
acquired assets of Comworxx (acquired on June 25, by the wholly owned subsidiary
Tiger USA, to determine the  appropriate  time, if ever to launch these products
full scale in the U.S. Based on a post acquisition  evaluation of the assets and
market position of Tiger USA, the company  determined that the goodwill from the
acquisition  was impaired  wrote it down in full in second  quarter of 2002.  In
third quarter based on its evaluation,  the Company took a further write-down of
the remaining assets purchased of $407,000,  effectively  writing off its entire
investment in the purchase  agreement.  The company is addressing  the issues of
the need for funding for working capital in order to effect the launch, the need
to formulate payment arrangements with holders of certain obligations that Tiger
USA assumed and the high related cost of the product  relative to the  projected
sales price available for such products in the U.S. consumer retail marketplace.
The Company has postponed a launch of the product  indefinitely  and effectively
mothballed the Tiger USA operations  indefinitely.  The Company plans to attempt
to restructure the business with a lower cost operation at a new site and with a
different  pricing model.  The Company is exploring  disposing of the assets and
associated business  opportunities to third parties.  The Company has also hired
legal  counsel to advise its rights and causes of action  against  the seller of
the assets and its  shareholders  possible  misrepresentations  in the  purchase
agreement that a viable  business  existed.  The Company has determined that the
business  was not  viable  and  cannot  be  without  a major  restructuring  and
concessions  from  shareholders  of  Comworrx.  The  Company  is in  preliminary
discussions  with  shareholders  of the  seller  and hopes for a  resolution  of
issues.

The Company's  ability to continue as a going concern is totally  dependent upon
its  ability to raise  sufficient  equity or debt  capital to  accomplish  these
objectives and to offset any future  operating losses that may be incurred until
positive cash flows can be generated from operations.

                                      F-15
<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

This report contains  forward-looking  statements  within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 23E of the Securities
Act of 1934,  as amended.  These  statements  relate to future  events or future
financial  performance.  Any  statements  contained  in this report that are not
statements of historical fact may be deemed to be forward-looking statements. In
some cases,  forward-looking statements can be identified by terminology such as
"may," "will," "should," "expect," "plan,"  "anticipate,"  "intend",  "believe,"
"estimate,"  "predict," "potential" or "continue," or the negative of such terms
or other comparable terminology.  These statements are only predictions.  Actual
events or results may differ materially.

Although  the  Company   believes  that  the   expectations   reflected  in  the
forward-looking  statements are reasonable,  the Company cannot guarantee future
results, levels of activity, performance or achievements.  Moreover, neither the
Company, nor any other person or entity, assumes responsibility for the accuracy
and  completeness  of the  forward-looking  statements.  The Company is under no
obligation to update any of the  forward-looking  statements after the filing of
this Form 10-Q to conform such statements to actual results or to changes in the
Company's expectations.

The  following  discussion  should  be read in  conjunction  with the  Company's
financial  statements,   related  notes  and  the  other  financial  information
appearing  elsewhere  in this Form 10-Q.  Readers  are also  urged to  carefully
review and consider the various disclosures made by the Company which attempt to
advise interested parties of the factors which affect the Company's business.

General

Overview

In May of  2001  the  Company  completed  a  reverse  shell  merger  with  Media
Communications  Group, Inc.  ("MCGI").  Prior to the acquisition of Floor Decor,
MCGI was a "public shell" company, with no significant operations or assets. The
acquisition of Floor Decor was accounted for as a reverse  acquisition.  Under a
reverse  acquisition,  Floor Decor is treated for accounting  purposes as having
acquired MCGI and the historical  financial statements of Floor Decor become the
historical  financial  statements  of MCGI.  Therefore,  all  references  to the
historical activities of the Company refer to the historical activities of Floor
Decor. Floor Decor changed its name to Tiger Telematics, Inc. on June 6, 2002.

The  limited  operating  history  of the  Company  makes its  future  results of
operations difficult to predict.

Tiger  Telematics,  Inc. ("Tiger  Telematics" or "the Company"  previously named
Floor  Decor,  Inc.) is the  parent  company  of three  subsidiaries.  The first
subsidiary,  Media Flooring,  Inc., operating through its subsidiary Floor Decor
LLC, operates a flooring products sales and service business,  which represented
all of the business operations of the Company during 2001. The company announced
the  discontinuation of the flooring segment on June 6, 2002 and sold the assets
on August 9,  2002.  On  February  4,  2002,  the  Company  acquired  its second
subsidiary,  Tiger  Telematics  LTD, a UK company,  which  develops and provides
telematics products and services to the business-to-business  segment in Europe.
On June 29, 2002 the company set up its third  subsidiary  Tiger Telematics USA,
Inc. and it acquired  the assets and certain  liabilities  of  Comworxx,  Inc. a
Sarasota,  Florida based entity that provides telematic products and services to
the  business  to  consumer  segment in the United  States.  That  business  has
suspended operations until the Company does further evaluation.

Flooring- discontinued operations.

Floor Decor,  Inc.  operated a "big box superstore" in Fort Lauderdale,  Florida
that offered a wide selection of floor coverings  including  carpet,  area rugs,
wood, and laminates at discount  prices to both  commercial  accounts and retail
customers.  The  Company's  store is over 40,000 sq. ft. and stocks an extensive
product line including over 5,000 area rugs and 1,000,000 sq. ft. of other floor
coverings. The assets and certain liabilities of the flooring business were sold
on August 9, 2002 effectively eliminating the flooring segment.

<PAGE>

Telematics

On February 4, 2002, the Company  acquired Eagle Eye  Scandinavia  Distribution,
LTD, and changed its name to Tiger  Telematics  Ltd. The  consideration  paid in
this  transaction  consisted  entirely of shares of the Company Common Stock, as
was  reported in the  Company's  Current  Report on Form 8-K dated  February 19,
2002.

Tiger  Telematics  Ltd. is an early stage company engaged in the development and
distribution  of telematics  products.  Telematics  products  allow the wireless
exchange or delivery of communication,  information, and other content between a
vehicle and its occupant,  and external  sources or  recipients.  The telematics
industry   aggregates  the  functionality  and  content  of  various  industries
including  consumer  electronics,  cellular and security devices,  among others,
into a seamless service offering.

On June 25, the company created a wholly owned subsidiary Tiger Telematics, USA,
Inc.  that  acquired  the assets and certain  liabilities  of  Comworxx  Inc. as
disclosed in the note G to financial statements. That subsidiary is currently in
a dormant state pending future decisions to relaunch the products.

Results of Operations


Three  months-ended  September  30,  2002  compared  to the three  months  ended
September 30, 2001


Net Sales: The Company's net sales increased to $152,080 in the 3rd quarter 2002
from $0 in the third  quarter 2001.  The Company did not acquire the  telematics
division until February 2002 so there are no comparisons for the prior year. The
company's  business model is based on deriving its sales and  subsequent  income
from annual and  monthly  fees from the  telecom  providers,  unlike most of its
competitors  who derive  most of their  income  from the sale of  hardware.  The
company  did  experience  some  returns  of  product  in June that were  shipped
originally in the 2nd quarter that were subsequently  shipped to other customers
in July 2002.  The  original  customers  are now  waiting for  shipments  of the
company's  next  generation  of  product,  with  additional  enhanced  features,
scheduled  to ship now in  January  2003.  This is a delay  from the  originally
projected  date of  September  2002 for the new  product  to be in a ship  ready
state. The delay was caused primarily by funding  shortfalls  during the current
quarter. The company continues to develop its product offering including several
new products that will come to the market next year.  The Company  believes that
the pricing of its product offering, in its business model, is less expensive to
customers  than other  competitive  offerings.  The company also  announced  the
development  of a new child tracker  device,  a related park tracker and related
products.


Gross  Profits:  Gross profits were ($70,641) as the company must ship a certain
number of units to receive the lower cost price rebate level  anticipated in its
business  model.  A critical  mass of shipments is a key to improving  the gross
profit margin. It is anticipated that this level of shipments will be reached by
4th  quarter  2002 or in the  first  quarter  of 2003.  Similarly,  with  sunken
technology development costs, the gross margin can rapidly improve as volumes of
shipments  increase.  Although basic  telematics  devices are can be built,  the
accompanying  software is much more  challenging.  The company has a substantial
expertise  in this  development,  which  will  improve  gross  profit  in future
quarters.  The company  expended  funds in third quarter in hiring and retaining
several new  executives  and  supporting  staff with  expertise  in  technology,
telematics,  wireless  and  developing  products in the  telematics  space.  The
company has  expended  funds in the  development  of an improved  fleet  product
scheduled  to ship first units now in January  2003,  as opposed to September of
2002 as  originally  expected due to a shortfall  in funding  during the current
quarter.

<PAGE>

Selling  Expenses:  Selling and  marketing  expenses  for the quarter  2002 were
$203,681 or 63% greater than the amount  $124,758  incurred in second quarter of
2002. Much of this cost relates to the establishment and maintenance of an order
book pending the shipments of product  later this year and in 2003.  The sale of
Telematics  products is a difficult and often lengthy  process.  The Company has
concentrated  its  marketing  effort  recently in the UK to large fleet  holders
based throughout Europe. The company enjoys a healthy order book but still lacks
funding for working capital and has experienced  problems at the manufacturer of
the base units on delivery. The company believes that these delivery issues have
now been partly resolved.  The Company is negotiating for a back-up supplier for
its primary product fleet telematics  product to ensure that this does not occur
in  the  future.   The  company  has  expended  funds  in  arranging   strategic
partnerships with wireless telecom providers in order to implement its recurring
revenue business model.

General and Administrative Expenses: General and administrative expenses for the
3nd quarter 2002 were  $1,206,935.  $580,708 of this related to Tiger Ltd in the
UK.  As in  prior  quarters,  this  was  incurred  in  the  development  of  the
infrastructure  for  the  telematics  business  including  product  development,
engineering,  training  of  installers,  and  other  administrative  efforts  to
facilitate  anticipated  sales.  The  company  also  expended  funds to obtain a
Thatcham Q class rating for its telematics  fleet device.  This rating may allow
insurance  companies to offer potential discounts to Tiger customers who install
Tiger's telematics  devices.  In addition,  several companies are now conducting
trials of the product in Europe that costs the company  currently but may result
in the shipment of devices for entire fleets of the  customers  currently in the
trial stage. However, the Company still anticipates that its sales will increase
at a faster rate than its  general and  administrative  expenses,  resulting  in
these expenses decreasing as a percentage of sales in future periods.  The costs
associated  with being a public company,  primarily fees for accounting,  legal,
and  professional  services were also high for the period at $322,573  including
expenses at Tiger Ltd. The Company also incurred costs during the 3nd quarter of
2002 related to the evaluation  and the attempted but failed  integration of the
purchase of Comworxx,  Inc,'s assets. As discussed in note J to the Consolidated
Financial  Statements,  the Company made a provision  for $407,000 to write-down
the  remaining  assets of Tiger USA from the purchase of the assets of Comworrx.
In order to conserve funds,  the Company has relocated its corporate  office and
down sized the staff.

Other Expenses:  Other expenses for the 3rd quarter 2002 were $1,026,522.  Other
expenses  consisted  of a non-cash  write-down  of  impaired  good will from the
acquisition of Tiger Telematics,  Ltd.,  interest expense on loans of $1,685 and
currency  translation  adjustments of $24,837.  The company took a write-down of
the  intangible  order book asset of $1,000,000 to reflect the potential loss of
orders from the delay in shipping product since the original  acquisition of the
product and the impact of the new recurring  revenue model on the accounting for
intangible  assets.  The company  retains a solid order book but  reflected  the
impairment  generated  from delayed  shipments  and the change in the  Company's
business model to a recurring  revenue model.  Third quarter of 2002 interest of
$1,685 was lower by 34,950 or 95%% less than the  $36,635  reported in the third
quarter of 2001. This decrease was due to lower interest  bearing debt primarily
due to the debt  conversions  that occurred in the first quarter of 2002 and the
use of interest free promissory notes from shareholders to finance in the second
quarter of 2002.

Net Loss from Continuing Operations:  Although the company reported an operating
loss  from  discontinued   operations  in  3rd  quarter  2002  of  $2,507,779  a
substantial portion of the loss is the $1,000,000 non-cash write-off of goodwill
from the  acquisition  of Tiger Ltd.  An  additional  $407,000  is the  non-cash
write-down of the remaining  assets from the purchase of the assets of Comworrx.
A  substantial  portion of the remaining  loss consists of expenses  incurred in
preparation for future  shipments of product and the development of new products
to meet anticipated growth of the telematics.

 Net  Loss  from  discontinued  Operations:   The  net  loss  from  discontinued
operations was zero. The provision for the anticipated  loss through the date of
disposition as well as an estimate of the gain from sale was as estimated in the
second quarter of 2002 when the final  accounting was done for the assets of the
flooring unit that were sold on August 9, 2002.

<PAGE>

Net Loss:  The Company  incurred a loss of  $2,507,779  for the third quarter of
2002.  The largest  component was from the  aforementioned  $1,000,000  goodwill
write-down from the acquisition of Tiger Ltd. the $407,000 non-cash provision to
write-down the remaining  assets from the purchase of the assets of Comworrx and
expenses incurred in the preparation for its anticipated growth.  These expenses
relate  to  maintaining  a public  company,  as well as the  development  of new
products.  Similarly  the  Company's  management  staff  has been  sized and has
expertise and infrastructure to grow the Company rapidly.  Management  considers
these  costs as an  investment  in setting  the  Company  in a position  to grow
rapidly in the near  future.  Management  believes  the costs will be lower as a
percentage  of sales in 2002 since sales growth is expected to exceed  increases
in operating expenses.

Nine months-ended  September 30, 2002 compared to the six months ended September
30, 2001

Below is a summary  of the  results of the  company  for the nine  months  ended
September 30, 2002.

Net Sales:  The  Company's  net sales were  $181,663  in the first six months of
2002.  There are no comparables for the prior year.  This includes  shipments of
its telematics  products that are not a part of the company's strategic business
model.  The Company defers income from  connection  fees from telecom  suppliers
until  the  cancellation  period  expires  on such  contracts.  This  represents
deferred income that will be recorded prorata in future quarters.  The company's
business model is based on deriving its sales and subsequent  income from annual
and monthly fees from the telecom  providers  unlike most of its competitors who
derived  most of their  income  from  the  sale of  hardware.  The  company  did
experience  some  returns of product in the 2nd quarter  that were  subsequently
shipped to other customers in July 2002. The original  customers are now waiting
for  shipments of the company's  next  generation  of product,  with  additional
enhanced features,  scheduled to ship in January 2003. The Company believes that
the pricing of its product  offering,  in its business  model, is less expensive
than other competitive offerings.

Gross Profits:  Gross profits were $(113,699) for the first nine months of 2002.
The telematics  products  reported negative gross profits as part of the initial
strategy used to introduce its new product in the  marketplace.  A critical mass
of shipments is a key to improving the gross profit  margin.  It is  anticipated
that a higher  level of  shipments  will be  reached  by first  quarter  2003 to
improve the margin.  Similarly,  with sunken technology  development  costs, the
gross margin can rapidly improve as volumes of shipments  increase.  The company
has a substantial  expertise in software  development,  which will improve gross
profit in future  quarters.  The  company has  expended  funds in the first nine
months in the  development of an improved  fleet product with enhanced  features
scheduled  to ship  units in  January  2003.  The  Company  has made an  initial
investment in a new generation of child tracker products.

Selling  Expenses:  Selling and marketing  expenses for the first nine months of
2002  were  $452,842.  Most  of  this  cost  relates  to the  establishment  and
maintenance  of an order book pending the  shipments of product  later this year
and in 2003.  The  company  enjoys a healthy  order  book  that it has  expended
marketing  funds to develop but is  hindered  in shipping by needed  funding for
working capital.  However,  as the operations of the Company' telematic products
are shipping,  advertising  expense and overall selling expenses as a percentage
of sales is anticipated to decrease.


<PAGE>

General and Administrative Expenses: General and administrative expenses for the
first  nine  months of 2002  were  $4,060,279.  A  significant  reason  for this
increase is the costs associated with being a public company, primarily fees for
accounting,  legal, and  professional  services.  These fees were  approximately
$910,593 in the first nine  months of 2002  including  $180,000 of expenses  was
incurred in the upfront costs of a financing  effort with Jefferies and Co, Inc.
that has not been  realized as of this date.  The Company  also  incurred  costs
during  the first  nine  months of 2002  related  to the  evaluation  of several
strategic  opportunities.  The  purchase  of  Tiger  Telematics,  Ltd.  and  the
Comworxx,  Inc,'s assets are two of the result of this evaluation.  In addition,
the development of Tiger Telematics Ltd. also contributed to the increase in the
general and  administrative  expenses  of the  Company.  Expenditures  were made
configure  the product to obtain to obtain the coveted  Thatcham Q class  rating
for the product. This rating may allow insurance companies to provide a discount
in costs to users of Tiger's telematics devices.  Expenditures have been made in
developing  several  new  products   including  Child  Tracker  devices.   Tiger
Telematics,  Inc.  anticipates  an increase  in its  general and  administrative
expenses in future periods as part of its growth strategy.  However, the Company
anticipates  that its sales will  increase at a faster rate than its general and
administrative expenses,  resulting in these expenses decreasing as a percentage
of sales in future  periods.  In order to reduce  expenditures  the  Company has
downsized and relocated its corporate office.

Other Expenses: Other expenses for the first nine months of 2002 were $4,828,451
as  compared to $103,657  for the first nine months of 2001.  $4,714,818  of the
amount  relates  to the  non-cash  write-down  of  the  impaired  goodwill  from
acquisitions,  principally the assets of Comworrx.  Other expenses  consisted of
interest  expense on loans of $40,305 and currency  translation  adjustments  of
$73,328. The currency translation  adjustment accounted for virtually all of the
increase in this category and is due to the drop in the dollar currency relative
to the sterling since the  acquisition of Tiger Ltd. in February 2002.  Interest
in 2002 of $40,305 is $63,352 or 60% less than in the first nine months of 2001.

Net Loss from continuing  operations:  The Company reported an operating loss of
$9,455,271.  $4,414,818  of the loss is the non-cash  write down of the impaired
goodwill,  principally from of the assets of Comworxx  acquisition.  $407,000 is
the  provision  for the non-cash  write-down  of the  remaining  assets from the
assets of Comworrxx  acquisition.  In addition a substantial portion of the loss
in 2002 is related to expenses  incurred in the  preparation for its anticipated
growth.  These  expenses  relate to  maintaining  a public  company and pursuing
strategic  growth  opportunities.  Similarly the Company's  management staff has
been  right  sized and has  expertise  and  infrastructure  to grow the  Company
rapidly.  Management  considers  these  costs as an  investment  in setting  the
Company in a position to grow  rapidly in the near future.  Management  believes
the costs will be lower as a  percentage  of sales in 2003 since sales growth is
expected to exceed increases in operating expenses.

Net  Loss  from  discontinued  operations:  The  Company  reported  a loss  from
discontinued  operations of $3,534,430.  On August 9, 2002, the company sold the
assets of the  flooring  segment  effectively  eliminating  that  segment  going
forward from that date.  Included in the number is the actual impact of the sale
including a gain on sale.

Net Loss:  The Company  incurred a total loss of  $9,808,701  for the first nine
months of 2002. $4,714,818 was the non-cash loss from the write down of impaired
goodwill,  principally  from the  acquisition  of the assets of  Comworxx  and a
related $407,000  write-down of the remaining assets from the Comworrx purchase.
The  anticipates  that future net losses per quarter  will be lower as shipments
get made in future quarters for revenue to offset the costs  associated with the
operation.

LIQUIDITY AND CAPITAL RESOURCES

In 2001 the Company funded its operating  losses and start-up costs  principally
with loans from stockholders or other parties.  Without such funding the Company
would not have been able to sustain its operations.

<PAGE>

In the nine months ended  September  30, 2002,  the  Company's  working  capital
deteriorated.  This was the result of increases in current assets, consisting of
decreases in accounts  receivable  of $46,133,  inventory  of  $497,634,  and an
increase in prepaid  expenses and other  current  assets of $451,114,  offset by
increases in current liabilities, consisting of increases in accounts payable of
$1,531,658,  accrued  expenses of 905,756 and a reduction  customer  deposits of
$110,325. The increase in payable relates to Tiger USA, and reflects liabilities
assumed in the purchase agreement. These liabilities are of the subsidiary Tiger
USA and may not be the  obligations  of Tiger  Telematics,  Inc. As discussed in
Note J. Business  Considerations  to the Consolidated  Financial  Statements the
Company  has  hired a legal  counsel  to  analyze  and  advice  as to  potential
liabilities  arising from the purchase of the assets of Comworrx and  associated
causes of actions  against the seller and its  shareholders.  Also,  in the nine
months ended September 30, 2002 the amounts due stockholders reduced as a result
of the debt  conversions  of certain stock holders to equity offset by continued
loans from stockholders.  The Company also raised $877,000 net of advisory fees,
from the final  portion  of a private  placement  of common  stock and  warrants
during first quarter 2002. A good portion of the changes related to the addition
of assets of  Comworxx  acquisition  in June 2002 and the Tiger Ltd  acquisition
during first quarter 2002.

Certain  creditors of the company's  Tiger Ltd. have made formal  demands on the
Company for repayment of  indebtedness  for services or products  ordered by the
company.  To date, the company has been able to meet those demands or enter into
acceptable payment arrangements but without additional funding these demands can
not be met in the future.

The Company does not have any bank loans or lending facilities.  The Company has
obtained loans from stockholders and raised additional financing through private
placements  of shares of common  stock.  On August 9, 2002 the Company  sold the
assets of the flooring  division  including this  inventory,  which will improve
liquidity  requirements  during the balance of 2002.  The Company  continued  to
issue shares of Common Stock in early 4th quarter to retire certain  obligations
due for payment.

The Company  incurred  operating  losses in 2001 and in the first nine months of
2002 of $1,299,000 and $9,808,701  respectively.  Since the Company was not able
to generate  positive  net cash flows from  operations,  additional  capital was
needed.  This capital has been provided by certain principal  stockholders,  who
have funded the  Company  through  loans as needed,  and from the sale of Common
Stock and warrants through private placement transactions.

In December 2001, the Company  initiated a private placement of common stock and
warrants and raised  $574,200 of equity.  An  additional  $1.8 million of equity
(including the debt to equity  conversions of $923,000 of certain  stockholders)
was raised during January  through March 2002.  This $2.4 million equity funding
net of expenses was used to provide  liquidity to Tiger  Telematics  and to fund
operating  losses and negative cash flows  including the expenses of operating a
public  reporting  company.  In February  and March 2002,  the Company  obtained
approximately   $290,000  from   stockholders  of  interest  free  advances  and
promissory  notes due upon demand to fund operations of Tiger Telematics Ltd. In
second  quarter 2002 the company  sustained  operations by obtaining  loans from
stockholders.  The same two  stockholders  have  loaned  the  company a total of
$1,269,994  since the  acquisition  of Tiger Ltd. In February  2002.  In October
2002, certain stockholders  converted $455,176 of debt into Company Common Stock
which  reduced debt and improved  liquidity  in the balance  sheet.  The Company
anticipates  further cash assistance in the form of loans from its  stockholders
to assist in liquidity while the Company raises  additional  capital although no
assurances  can be given  that they will be able or  willing  to  continue  such
support. The sale of the assets of the flooring segment on August 9, 2002 helped
liquidity as  liabilities  assumed were less than assets sold and the Company is
no longer  required to fund the  operating  losses and working  capital needs of
that flooring segment going forward.

<PAGE>

The Company is  evaluating  the  business  of its  recently  acquired  assets of
Comworxx  (acquired on June 25, by the wholly owned  subsidiary  Tiger USA),  to
determine the  appropriate  time if ever to launch these  products full scale in
the  U.S.  Based on a post  acquisition  evaluation  of the  assets  and  market
position  of Tiger  USA,  the  Company  determined  that the  goodwill  from the
acquisition was impaired wrote it down in full. The Company's  recently retained
legal counsel to review its options under the purchase  agreement  that acquired
these assets.  The Company is in discussions with the shareholders of the seller
for modification of the terms of the purchase agreement due in part to potential
misrepresentation in the purchase agreement that Comworxx was a viable business.
Unless new  arrangements  can be  negotiated  the company has several  available
options  including but not limited to litigation.  The Company is addressing the
issues of the need for funding for working capital in order to launch;  the need
to formulate payment arrangements with certain obligations assumed by Tiger USA;
and the high relative cost of the product  relative to the projected sales price
available for such products in the U.S.  consumer  marketplace.  The Company has
postponed a launch of the product  indefinitely if not permanently.  The Company
effectively  mothballed  the operations of Tiger USA and may  discontinue  those
operations,  or sell the  assets or attempt to  rescind  the  original  purchase
agreement.

The  Company's $3 million in secured  financing  has been delayed due in part to
the need to resolve open issues, including potential liabilities, related to its
acquisition of the assets of Comworxx,  to the  satisfaction of the lender.  The
company has recently  executed a  subscription  agreement with a company to sell
7,500,000  shares  Common  Stock of the  Company  for $0.20 a share to  generate
$1,500,000.  The closing is pending and the company anticipates that most of the
proceeds will be used to fund the operations of Tiger Ltd. The Company can offer
no assurances that the investor will actually close the transaction. The Company
will also seek to raise additional equity financing of about $7.0 to $10 million
for working  capital through an arrangement  with Jefferies and Company,  and to
fund the costs of pursuing strategic growth opportunities. However, there can be
no  assurance  this  additional  capital  or  other  form of  financing  will be
available, or if available on terms reasonably acceptable to the Company.

The Company anticipates that it will meet its liquidity of capital needs for the
next twelve months through equity  financing but no assurances can be given that
this will occur.  The Company has shrunk its  operations and may need to further
shrink its  operations  to sustain  its  remaining  operations.  As the  Company
continues to experience  negative  operating  results in 2002, while at the same
time  pursuing  strategic  opportunities,  the Company's  liquidity  will remain
strained.

The  Company  currently  evaluates  and  will  continue  to  evaluate  strategic
acquisitions.  If the Company pursues one or more  acquisitions the Company will
likely require  additional sources of liquidity such as debt or equity financing
for  such  acquisitions  or to  meet  working  capital  needs.  There  can be no
assurance that additional  capital beyond the amounts  forecasted by the Company
will not be required or that any such  required  capital  will be  available  on
terms acceptable to the Company, if at all, at such time or times as required by
the Company.






<PAGE>

Part II.
                             TIGER TELEMATICS, INC.
                                OTHER INFORMATION



Item 1.      Legal Proceedings

       Not applicable

Items 2. Changes in Securities and Use of Proceeds

       Not applicable.

Item 3.      Defaults Upon Senior Securities

      Not applicable

Item 4.      Submission of Matters to a Vote of Security Holders
      Not Applicable

Item 5.      Other Information


Item 6.      Exhibits and Reports on Form 8-K
             Form 8K dated September 16, 2002
             Form 8K dated October 30, 2002
             Exhibit 99.1  Certification  Section 906 of Sarbanes-Oxley Act
             of 2002 Form 302 Certification.




SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

TIGER TELEMATICS, INC.

/S/ Michael W. Carrender    Chief Executive Officer, Director   November 22,2002
------------------------    and Chief Financial Officer
Michael W. Carrender        For the Registrant