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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 SMsolution, a groundbreaking new automated mobile device recapture service for the communications industry.
SmartXchangeSM 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
SmartXchangeSM 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
SmartXchangeSM 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.
SmartXchangeSM 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,
SmartXchangeSM 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
SmartXchangeSM solution for a major U.S. carrier and discussions are underway with a number of tier one operators worldwide.
For more information, visit:
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
The Management Network Group, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6089Cautionary Statement Regarding Forward-Looking InformationThis 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.
Jo Anne Barrameda