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, KS – May 19, 2010 – 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 SmartXchangeSM solution, 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 US 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 US
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.
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.
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CONTACT:
The Management Network Group, Inc.
Debby Brannon
800.876.5329
Brainerd Communicators
Ray Yeung / Jo Anne
Barrameda (Media)
Corey Kinger (Investors)
212.986.6667