This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

TMNG Global Unveils SmartXchangeSM

A Groundbreaking New Automated Mobile Device Recapture Service for Communications Companies

New Service Enables Mobile Operators to Proactively Incent Customers to Recycle Their Mobile Devices

OVERLAND PARK, Kan., May 19, 2010 (GLOBE NEWSWIRE) -- TMNG Global (Nasdaq:TMNG) a leading provider of management consulting and software solutions to the global communications, media and entertainment industries, is today unveiling its SmartXchange SM   solution, a groundbreaking new automated mobile device recapture service for the communications industry. SmartXchange SM helps wireless providers realize multiple economic and environmental business benefits from the collection and reuse of handsets and other electronic devices.

Over 100 million wireless devices are replaced in the U.S. each year; billions worldwide. The EPA estimates that there are close to one billion unused handsets that could eventually pollute landfills with over 500,000 tons of toxic waste.   "It is imperative that communications providers proactively drive and manage the collection and re-use of their handsets, " said Rich Nespola, Chairman and CEO of TMNG Global. "In addition to the serious environmental implications, there is also a pressing need for replacement parts to meet the growing demand for refurbished handsets, particularly in emerging markets."

TMNG has leveraged its proprietary software Ascertain ® to develop the ground-breaking patent-pending software solution, upon which the SmartXchange SM managed service offering is based. This innovative solution provides wireless operators with the tools they need to target desired handsets that are valuable to their business operations or simply incent their customers to return unwanted or used handsets, either to capitalize on resell opportunities or for environmental purposes. TMNG can provide a full portfolio of incentive offerings as part of the program or SmartXchange SM can also be integrated with any existing internal programs such as loyalty programs or company gift card programs. 

Mobile handsets are just the first step. SmartXchange SM can be configured to recapture any electronic device or corporate asset, including set top boxes, laptops, PDAs and more. "In the new world of environmental economics, SmartXchange SM is a win-win for everyone. It enables communications providers to make a significant contribution to the reduction of electronic devices in landfills; while generating new revenue streams not envisioned just five years ago," Mr. Nespola added.

TMNG Global is now deploying the SmartXchange SM solution for a major U.S. carrier and discussions are underway with a number of tier one operators worldwide.

For more information, visit: www.tmng.com/SmartXchange .

About TMNG Global

TMNG Global (Nasdaq:TMNG) is a leading provider of professional services to the converging communications industry. TMNG Global and its companies CSMG and Cartesian and its base of more than 600 consultants, have provided strategy, management and technical consulting, products and services to more than 1200 communications clients worldwide. The company's clients represent all areas of the communications industry including wireless and wireline service providers; entertainment, media and technology companies; and the supporting capital formation firms that support the industry. The company is headquartered in Overland Park, Kansas, with offices in Beijing, Boston, London, New Jersey, New York, Shanghai and Washington, D.C. For more information about TMNG Global, visit www.tmng.com .

The Management Network Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6089

Cautionary Statement Regarding Forward-Looking Information

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, any statements that do not relate to historical or current facts constitute forward-looking statements, including any statements contained herein regarding expectations with respect to the Company's future business, financial condition and results of operations. Forward-looking statements are subject to known and unknown risks, uncertainties, and contingencies, many of which are beyond the Company's control, which may cause actual results, performance, or achievements to differ materially from those projected or implied in such forward-looking statements. Factors that might affect actual results, performance, or achievements include, among other things, the ability of the Company to successfully integrate recent acquisitions, conditions in the telecommunications industry, overall economic and business conditions (including the worsening of conditions in the credit markets and in general economic conditions), the demand for the Company's services (including the slowing of client decisions on proposals and project opportunities along with scope reduction of existing projects), the level of cash and non-cash expenditures incurred by the Company, technological advances and competitive factors in the markets in which the Company competes, and the factors described in this press release and in TMNG Global's filings with the Securities and Exchange Commission, including the risks described in TMNG Global's periodic reports filed with the SEC, including, but not limited to, "Cautionary Statement Regarding Forward Looking Information" under Part I of its Annual Report on Form 10-K for the fiscal year ended January 2, 2010 and subsequent periodic reports containing updated disclosures of such risks. These filings are available at the SEC's web site at www.sec.gov. TMNG Global does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances.

CONTACT:  The Management Network Group, Inc.
          Debby Brannon
          800.876.5329
          debby.brannon@tmng.com

          Brainerd Communicators
          Media
          Ray Yeung
            yeung@braincomm.com
          Jo Anne Barrameda
            barrameda@braincomm.com 
          Investors
          Corey Kinger
            212.986.6667
            kinger@braincomm.com

The Management Network Group, Inc. Logo

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs