My Phone says 3.00 pm but my Tic says 4.00 (one hour more). I had this issue the first 3 days I received the watch till I found a workaround, in Android settings I changed from Uruguay to Argentina and that did the trick (both countries are now in the same timezone GMT-3). The workaround worked just fine till I realized I couldn't install some apps from Play Store because they where restricted to Uruguay only.
Please try to fix this in next release. Thanks.