TMNG Global Unveils SmartXchange (SM)
A Groundbreaking New AutomatedMobile Device Recapture Service
For CommunicationsCompanies
NewService Enables Mobile Operators to Proactively Incent Customers
toRecycle their Mobile Devices
Overland Park, KS
– May 19, 2010 –TMNG Global(NASDAQ: TMNG) a leading providerof management consulting and software solutions to the global communications,media and entertainment industries, is today unveiling its
SM
solution, a groundbreaking new automated mobile devicerecapture service for the communications industry.
SmartXchange
SM
helps wireless providersrealize multiple economic and environmental business benefits from thecollection and reuse of handsetsand otherelectronic devices.
Over100 million wireless devices are replaced in the US each year; billionsworldwide. The EPA estimates that there are close to one billion unusedhandsets that could eventually pollutelandfillswith over 500,000 tons of toxic waste.
“Itis imperative that communications providers proactively drive and manage thecollection and re-use of their handsets,”said Rich Nespola, Chairman and CEO of TMNG Global. “In addition to the serious environmentalimplications, there is also a pressing need for replacement parts to meet thegrowing demand for refurbished handsets, particularly in emerging markets.”
TMNGhas leveraged its proprietary software
todevelop the ground-breaking patent-pending software solution, upon which the
SmartXchange
SM
managed service offeringis based. This innovative solution provideswireless operators with the tools they need to target desired handsets that arevaluable to their business operations or simply incent their customers toreturn unwanted or used handsets, either to capitalize on resell opportunitiesor for environmental purposes. TMNG canprovide a full portfolio of incentive offerings as part of the program or
SmartXchange
SM
can also be integratedwith any existing internal programs such as loyalty programs or company giftcard programs.
Mobilehandsets are just the first step.
SmartXchange
SM
can be configured to recapture any electronic deviceor 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 asignificant 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 UScarrier and discussions are underway with a number of tier one operatorsworldwide.
For more information, visit
About TMNG Global
TMNG Global (NASDAQ:TMNG) is a leading provider of professional services to the convergingcommunications industry. TMNG Global and its companies CSMG and Cartesian andits base of more than 600 consultants, have provided strategy, management andtechnical consulting, products and services to more than 1200 communicationsclients worldwide. The company's clients represent all areas of thecommunications industry including wireless and wireline service providers;entertainment, media and technology companies; and the supporting capitalformation firms that support the industry. The company is headquartered inOverland Park, Kansas, with offices in Beijing, Boston, London, New Jersey, NewYork, 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 themeaning of the Private Securities Litigation Reform Act of 1995. In particular,any statements that do not relate to historical or current facts constituteforward-looking statements, including any statements contained herein regardingexpectations with respect to the Company’s future business, financial conditionand results of operations. Forward-looking statements are subject to known andunknown risks, uncertainties, and contingencies, many of which are beyond theCompany’s control, which may cause actual results, performance, or achievementsto differ materially from those projected or implied in such forward-lookingstatements. Factors that might affect actual results, performance, orachievements include, among other things, the ability of the Company to successfullyintegrate recent acquisitions, conditions in the telecommunications industry,overall economic and business conditions (including the worsening of conditionsin the credit markets and in general economic conditions), the demand for theCompany’s services (including the slowing of client decisions on proposals andproject opportunities along with scope reduction of existing projects), thelevel of cash and non-cash expenditures incurred by the Company, technologicaladvances and competitive factors in the markets in which the Company competes,and the factors described in this press release and in TMNG Global’s filingswith the Securities and Exchange Commission, including the risks described inTMNG Global’s periodic reports filed with the SEC, including, but not limitedto, “Cautionary Statement Regarding Forward Looking Information” under Part Iof its Annual Report on Form 10-K for the fiscal year endedJanuary 2, 2010 and subsequentperiodic reports containing updated disclosures of such risks. These filingsare available at the SEC’s web site atwww.sec.gov. TMNG Global does notintend to update these forward-looking statements and undertakes no duty to anyperson to provide any such update under any circumstances.
# # #
CONTACT:
The Management Network Group, Inc.
800.876.5329
Brainerd Communicators
Corey Kinger (Investors)
News Source : TMNG Global Unveils SmartXchange (SM)
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