Overland Park, KS – February 25, 2010 – TMNG Global (Nasdaq: TMNGD), a leading provider of management consulting and software solution services to the global communications, media and entertainment industries, reported financial results for its 2009 fourth quarter and full year ended January 2, 2010.  All per share amounts have been adjusted to reflect the 1-for-5 reverse stock split of the Company's common stock effective February 7, 2010.

Revenues in the fourth quarter of 2009 (a thirteen week quarter) were $17.1 million, up from $14.4 million in the 2008 fourth quarter (a fourteen week quarter) and $16.8 million in the 2009 third quarter.  The positive revenue comparisons were driven by the Company’s continued execution on its strategy of deepening penetration of larger customer organizations.  During the quarter, TMNG’s gross margin was 42.3%, compared with 39.8% in the fourth quarter of 2008 and 40.8% in the third quarter of 2009.

TMNG Global reported a net loss of ($0.2) million on a GAAP basis, or ($0.03) per diluted share for the fourth quarter of 2009, compared to a prior-year net loss of ($5.0) million, or ($0.72) per diluted share. The 2008 fourth quarter included a non-cash intangible asset impairment charge of $4.3 million. After adjusting for the after tax impact of non-cash charges, including the impairment charge, net realized gains or losses on auction rate securities, depreciation and amortization expense and share-based compensation expense, non-GAAP adjusted net income was $0.8 million, or $0.12 per diluted share, during the fourth quarter of 2009.  The comparable non-GAAP adjusted net income for the fourth quarter of fiscal 2008 was $0.7 million, or $0.10 per diluted share.  

“TMNG closed 2009 with performance consistent with our expectations and directly resulting from the successful execution of our strategy to deepen and widen relationships with top revenue generating clients,” said Richard Nespola, TMNG Global Chairman and CEO. “Given the challenging environment faced by both TMNG and our customers throughout most of 2009, the sequential quarterly improvement we saw over the last nine months, capped by positive non-GAAP adjusted net income for the fourth quarter and full year, gives us positive momentum heading into 2010. We believe that larger customers have been expanding capital investment for several reasons, including: to manage increasing growth in bandwidth demand, to design and construct next generation networks, to build business models around new consumer products, and to introduce new services such as wireless offerings by cable operators. Through our Strategy group, our operational consultant capabilities and our software toolsets, we are positioned to benefit from all of these activities and we see solid opportunities for revenue and profit improvement in 2010.”

Financial Results for the Fifty-Two Weeks Ended January 2, 2010

For the fifty-two weeks ended January 2, 2010, revenues were $65.0 million, compared with $74.0 million for the fifty-three week period ended January 3, 2009. TMNG Global’s gross margin was 41.4% during the fifty-two weeks ended January 2, 2010, compared with 44.6% for the fifty-three week period ended January 3, 2009. 

Net loss for the fifty-two weeks ended January 2, 2010 was ($3.2) million or ($0.46) per diluted share, compared with a net loss of ($14.8) million or ($2.09) per diluted share for the fifty-three week period ended January 3, 2009. GAAP results included $14.5 million in goodwill and intangible asset impairment charges in 2008. Non-GAAP adjusted net income, excluding the after tax impact of non-cash expenses, including the impairment charges, net realized gains or losses on auction rate securities, depreciation and amortization expense, and share-based compensation expense, was approximately $0.7 million, or $0.10 per diluted share, for the fifty-two weeks ended January 2, 2010.  The comparable non-GAAP adjusted net income for the fifty-three week period ended January 3, 2009 was approximately $6.1 million, or $0.87 per diluted share.

In addition to reporting net loss and net loss per share on a GAAP basis, this press release contains certain non-GAAP adjustments which are described in the schedule entitled “Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Income” that accompanies this press release.  In making these non-GAAP adjustments, the Company took into account certain non-cash expenses and benefits, including tax effects as applicable, and the impact of certain items that are generally not expected to be on-going in nature.  Management believes the exclusion of these items provides a useful basis for evaluating underlying business performance, but should not be considered in isolation and is not in accordance with, or a substitute for, evaluating Company performance utilizing GAAP financial information.  The Company believes that providing such adjusted results allows investors and other users of the Company’s financial statements to better understand TMNG Global’s comparative operating performance for the periods presented.

TMNG Global’s management uses the non-GAAP financial measure in its own evaluation of the Company’s performance, particularly when comparing performance to the prior year’s period and on a sequential basis.  TMNG Global’s non-GAAP measure may differ from similar measures by other companies, even if similar terms are used to identify such measures.  Although TMNG Global’s management believes the non-GAAP financial measure is useful in evaluating the performance of its business, TMNG Global acknowledges that items excluded from such measure have a material impact on the Company’s net loss and net loss per share calculated in accordance with GAAP.  Therefore, management uses non-GAAP measures in conjunction with GAAP results.  Investors and other users of our financial information should also consider the above factors when evaluating TMNG Global’s results.

Conference Call

The Company will host a conference call at 5:00 p.m. ET today to discuss 2009 fourth quarter and full year results. Investors can access the conference call via a live webcast on the Company’s website, www.tmng.com, or by dialing 800-860-2442 in the United States or 412-858-4600 from international locations and referencing the TMNG Global call. A replay of the conference call will be archived on the Company’s website for one week. Additionally, a replay of the call will be available by dialing 877-344-7529, pass code 437432, through March 4, 2010.

About TMNG Global

TMNG Global (NASDAQ: TMNGD) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 600 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide.  The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Beijing, 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 3, 2009 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.

(Please see attached financial tables)      

THE MANAGEMENT NETWORK GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (unaudited)
	Thirteen Weeks Ended	Fourteen Weeks Ended	Fifty-Two Weeks Ended	Fifty-Three Weeks Ended
	January 2, 2010	January 3, 2009	January 2, 2010	January 3, 2009
Revenues	$ 17,119	$ 14,397	$ 64,953	$ 74,042
Cost of services (includes net non-cash share-based compensation expense of $39 and $98 for the thirteen weeks ended January 2, 2010 and the fourteen weeks ended January 3, 2009, respectively, and $260 and $545 for the fifty-two weeks ended January 2, 2010 and the fifty-three weeks ended January 3, 2009, respectively)	9,881	8,670	38,036	41,055
Gross Profit	7,238	5,727	26,917	32,987
Operating Expenses:
Selling, general and administrative (includes net non-cash share-based compensation expense of $95 and $295 for the thirteen weeks ended January 2, 2010 and the fourteen weeks ended January 3, 2009, respectively, and $598 and $1,272 for the fifty-two weeks ended January 2, 2010 and the fifty-three weeks ended January 3, 2009, respectively)	6,999	6,251	28,497	30,124
Intangible asset amortization	504	537	1,975	3,916
Goodwill, intangible and long-lived asset impairment		4,286		14,451
Total operating expenses	7,503	11,074	30,472	48,491
Loss from operations	(265)	(5,347)	(3,555)	(15,504)
Other income (expense):
Interest income	71	166	259	916
Interest expense	(13)		(55)
Other income (expense)	184	(267)	335	(243)
Total other income (expense)	242	(101)	539	673
Loss before income tax provision	(23)	(5,448)	(3,016)	(14,831)
Income tax (provision) benefit	(158)	450	(226)	6
Net loss	$ (181)	$ (4,998)	$ (3,242)	$ (14,825)
Loss per common share:
Basic and diluted	$ (0.03)	$ (0.72)	$ (0.46)	$ (2.09)
Weighted average shares used in calculation of net loss per common share:
Basic	7,022	6,947	6,986	7,089
Diluted	7,022	6,947	6,986	7,089

THE MANAGEMENT NETWORK GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (unaudited)
	January 2,	January 3,
	2010	2009
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$ 6,301	$ 5,956
Short-term investments	5,444
Receivables:
Accounts receivable	11,991	8,247
Accounts receivable -- unbilled	4,174	4,540
	16,165	12,787
Less: Allowance for doubtful accounts	(357)	(379)
Net receivables	15,808	12,408
Prepaid and other current assets	1,206	1,653
Total current assets	28,759	20,017
NONCURRENT ASSETS:
Property and equipment, net	1,955	1,801
Goodwill	7,772	6,240
Identifiable intangible assets, net	2,516	4,842
Noncurrent investments	6,852	13,404
Other noncurrent assets	397	410
Total Assets	$ 48,251	$ 46,714
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade accounts payable	$ 1,118	$ 1,138
Current borrowings	2,800
Accrued payroll, bonuses and related expenses	5,354	4,053
Other accrued liabilities	1,433	3,010
Income tax liabilities
Deferred revenue	1,023	476
Accrued contingent consideration		161
Unfavorable and other contractual obligations	706	697
Total current liabilities	12,434	9,535
NONCURRENT LIABILITIES:
Deferred income tax liabilities	118	115
Unfavorable and other contractual obligations	546	1,062
Noncurrent borrowings		1,485
Other liabilities	1,119	891
Total noncurrent liabilities	1,783	3,553
Total stockholders' equity	34,034	33,626
Total Liabilities and Stockholders' Equity	$ 48,251	$ 46,714

THE MANAGEMENT NETWORK GROUP, INC. RECONCILIATION OF GAAP NET LOSS TO NON-GAAP ADJUSTED NET INCOME (unaudited) (in thousands, except per share data)
	Thirteen Weeks Ended	Fourteen Weeks Ended	Fifty-Two Weeks Ended	Fifty-Three Weeks Ended
	January 2, 2010	January 3, 2009	January 2, 2010	January 3, 2009
Reconciliation of GAAP net loss to non-GAAP adjusted net income:
GAAP net loss	$ (181)	$ (4,998)	$ (3,242)	$ (14,825)
Goodwill, intangible and long-lived asset impairment	--	4,286	--	14,451
Realized (gain) loss on auction rate securities	(102)	280	(224)	280
Depreciation and amortization	850	966	3,379	5,385
Non-cash share based compensation expense	134	393	858	1,817
Tax effect of applicable non-GAAP adjustments	118	(248)	(82)	(965)
Adjustments to GAAP net loss	1,000	5,677	3,931	20,968
Non-GAAP adjusted net income	$ 819	$ 679	$ 689	$ 6,143
Reconciliation of GAAP net loss per diluted common share to non-GAAP adjusted net income per diluted common share:
GAAP net loss per diluted common share	$ (0.03)	$ (0.72)	$ (0.46)	$ (2.09)
Goodwill, intangible and long-lived asset impairment	--	0.62	--	2.04
Realized (gain) loss on auction rate securities	(0.01)	0.04	(0.03)	0.04
Depreciation and amortization	0.12	0.14	0.48	0.76
Non-cash share based compensation expense	0.02	0.06	0.12	0.26
Tax effect of applicable non-GAAP adjustments	0.02	(0.04)	(0.01)	(0.14)
Adjustments to GAAP net loss per diluted common share	0.15	0.82	0.56	2.96
Non-GAAP adjusted net income per diluted common share	$ 0.12	$ 0.10	$ 0.10	$ 0.87
Weighted average shares used in calculation of diluted net loss per common share	7,022	6,947	6,986	7,089

# # #

CONTACT: 

Brainerd Communicators

Ray Yeung / Jo Anne Barrameda (Media)    

yeung@braincomm.com / barrameda@braincomm.com

Corey Kinger (Investors)

kinger@braincomm.com

212.986.6667

Overland Park, KS – February 23, 2010 – TMNG Global (NASDAQ: TMNGD) announced today that it has received notice from The Nasdaq Stock Market confirming that the Company has regained compliance with the minimum bid price continued listing requirement.

The letter from Nasdaq stated that on September 16, 2009, Nasdaq Staff notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. Since then, the closing bid price of the Company’s common stock has been at $1.00 per share or greater for at least 10 consecutive business days, following the completion of a 1-for-5 reverse stock split of the Company's common stock effective February 7, 2010. Accordingly, the Company has regained compliance with Listing Rule 5450(a)(1).

About TMNG Global

TMNG Global (NASDAQ: TMNGD) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 600 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide.  The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Beijing, 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 recent worsening of conditions in the credit markets and in general economic conditions), the demand for the Company’s services (including the recent 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 3, 2009 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.

# # #

Brainerd Communicators

Ray Yeung / Jo Anne Barrameda (Media)    

yeung@braincomm.com / barrameda@braincomm.com

Corey Kinger (Investors)

kinger@braincomm.com

212.986.6667

Overland Park, KS – February 5, 2010 – TMNG Global (NASDAQ: TMNG) announced today that it will effect a one-for-five reverse stock split of the Company’s common stock effective on February 7, 2010.  Trading of TMNG's common stock on the NASDAQ Global Market on a split-adjusted basis will begin at the open of trading on February 8, 2010.

TMNG's shares will continue to trade on the NASDAQ Global Market under the symbol “TMNG” with the letter “D” added to the end of the trading symbol for a period of 20 trading days to indicate that the reverse stock split has occurred.  As a result of the reverse stock split, every five shares of TMNG's common stock issued and outstanding immediately prior to the effective date will be combined into one share of common stock.  Fractional shares resulting from the Reverse Stock Split will be cancelled and the stockholders otherwise entitled to a fractional share will receive a cash payment in lieu of the fractional share.  

Letters of transmittal are expected to be sent to stockholders shortly after the effectiveness of the reverse stock split.  Additional information about the reverse stock split is contained in the Company’s proxy statement for the Special Meeting of Stockholders held on January 21, 2010, which was filed with the SEC on December 14, 2009.

About TMNG Global

TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 500 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide.  The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D. C.

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 continued listing of the Company's common stock on Nasdaq, the ability of the Company to successfully integrate recent acquisitions, conditions in the telecommunications industry, overall economic and business conditions (including the recent worsening of conditions in the credit markets and in general economic conditions), the demand for the Company’s services (including the recent 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 3, 2009 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: 

Brainerd Communicators

Ray Yeung / Jo Anne Barrameda (Media)    

yeung@braincomm.com / barrameda@braincomm.com

Corey Kinger (Investors)

kinger@braincomm.com

212.986.6667

Overland Park, KS – January 27, 2010 – TMNG Global (Nasdaq: TMNG), a leading provider of management consulting services to the global communications, media and entertainment industries, today announced it will host a conference call to discuss fourth quarter and full year 2009 financial results on Thursday, February 25, 2010 at 5:00 p.m. ET.

A news release outlining the fourth quarter and full year 2009 results will be distributed at approximately 4:00 p.m. ET on February 25, 2010 and will also be available on the “Investor Relations” portion of TMNG’s Web site, www.tmng.com.

To participate on the live call, investors should dial 800-860-2442 in the United States or 412-858-4600 from international locations and reference the TMNG Global call approximately ten minutes prior to the start time. In addition, the call will be available via live webcast over the Internet on the “Investor Relations” portion of TMNG’s corporate Web site, www.tmng.com.  Investors should go to the Web site approximately 10 minutes prior to the start time of the call to register.

An on-line archive of the call will be available at www.tmng.com for one week. Additionally, a replay of the call will be available by dialing 877-344-7529, pass code 437432, through March 4, 2010.

About TMNG Global

TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 600 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide. The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D.C.

# # #

CONTACT: 

Brainerd Communicators

Ray Yeung / Jo Anne Barrameda (Media)    

yeung@braincomm.com / barrameda@braincomm.com

Corey Kinger (Investors)

kinger@braincomm.com

212.986.6667

Overland Park, KS – January 26, 2010 – TMNG Global (NASDAQ: TMNG) announced today that Frank M. Siskowski will not seek re-election to the Company's board of directors when his current term expires at the 2010 annual meeting of stockholders, which is expected to be in May 2010. He has served as a director of the Company since April 2003 and is the chairman of the audit committee.

“On behalf of the Board of Directors and management team, I would like to thank Frank for his service and contributions to TMNG throughout the past seven years,” said Richard Nespola, TMNG Global Chairman and CEO. “His business acumen, accounting and corporate financial expertise were invaluable, especially as TMNG expanded through the successful completion of several strategic acquisitions during this period. We wish him all the best in his future endeavors.”

TMNG Global expects to fill the position and has begun evaluating candidates to serve on its board of directors.

About TMNG Global

TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 500 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide.  The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D. C.

# # #

CONTACT: 

Brainerd Communicators

Ray Yeung / Jo Anne Barrameda (Media)

yeung@braincomm.com / barrameda@braincomm.com

Corey Kinger (Investors)

kinger@braincomm.com

212.986.6667

Overland Park, KS – December 14, 2009 – TMNG Global (NASDAQ: TMNG) announced today that it has filed a definitive proxy statement with the Securities and Exchange Commission requesting shareholder approval to effect a 1-for-5 reverse stock split of the Company’s issued and outstanding common stock.  The Board of Directors’ primary objective in proposing the reverse stock split is to raise the per-share trading price of the Company’s common stock to better enable the Company to maintain the listing of its common stock on NASDAQ.

TMNG Global will hold a special meeting of stockholders on January 21, 2010 at 9:00 a.m. ET to seek approval for the reverse stock split. Stockholders of record at the close of business on December 4, 2009 are entitled to notice of and to vote at the special meeting of stockholders.

A definitive proxy statement regarding the proposed reverse stock split will be mailed to all stockholders on or prior to December 14, 2009. Copies of the definitive proxy statement and other relevant documents are publicly available at no charge from the Securities and Exchange Commission's website at www.sec.gov, and may also be obtained free of charge from TMNG Global by contacting Investor Relations in writing at TMNG Global, 7300 College Boulevard, Suite 302, Overland Park, Kansas 66210. Stockholders are urged to read the proxy statement prior to submitting their vote because the proxy statement contains important information.

TMNG Global and its directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the special meeting of stockholders. Investors can find information about the interests of the directors and executive officers in the proxy statement.

About TMNG Global

TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 500 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide.  The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D. C.

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 continued listing of the Company's common stock on Nasdaq, the ability of the Company to successfully integrate recent acquisitions, conditions in the telecommunications industry, overall economic and business conditions (including the recent worsening of conditions in the credit markets and in general economic conditions), the demand for the Company’s services (including the recent 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 3, 2009 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: 

Brainerd Communicators

Ray Yeung / Jo Anne Barrameda (Media)

yeung@braincomm.com / barrameda@braincomm.com

Corey Kinger (Investors)

kinger@braincomm.com

212.986.6667

Overland Park, KS – November 12, 2009 – TMNG Global (Nasdaq: TMNG), a leading provider of management consulting and software solution services to the global communications, media and entertainment industries, reported financial results for its 2009 third quarter ended October 3, 2009. 

Revenues in the third quarter of 2009 were $16.8 million, flat with the 2009 second quarter and down from $17.5 million in the third quarter of 2008 due primarily to unfavorable exchange rate impact.  On a constant currency basis revenues increased slightly from the year-ago quarter.  Stable sequential revenue comparisons reflect the Company’s execution on its strategy of focusing on larger, long-term engagements. During the quarter, TMNG’s gross margin was 40.8%, compared with 43.5% in the third quarter of 2008 and 43.6% in the second quarter of 2009.

TMNG Global reported a net loss of ($0.5) million on a GAAP basis, or ($0.02) per diluted share for the third quarter of 2009, compared to a prior-year net loss of ($1.2) million, or ($0.03) per diluted share. The 2008 third quarter included a non-cash intangible asset impairment charge of $1.1 million. After adjusting for the after tax impact of non-cash charges, including the impairment charge, net realized gains on auction rate securities, depreciation, amortization and share-based compensation, non-GAAP adjusted net income was $0.5 million, or $0.01 per diluted share, during the third quarter of 2009.  The comparable non-GAAP adjusted net income for the third quarter of fiscal 2008 was $1.1 million, or $0.03 per diluted share.  

“TMNG’s performance in the third quarter was consistent with our expectations and a direct result of our strategy of deepening our relationships with top revenue generating clients while keeping a tight reign on expenses. By executing on these initiatives, we maintained a stable revenue level on a sequential basis, held margins within our target range, and have generated slightly positive cash flows from operations year-to-date,” said Richard Nespola, TMNG Global Chairman and CEO. “While our fourth quarter is subject to seasonal unpredictability, we are focused on positioning the company to benefit from positive business indicators heading into 2010.  The most notable of those leading indicators is the increasing demand for bandwidth, especially via mobile applications, which is driving investment and consolidation across the communications, media and entertainment industries we serve.  As economic conditions improve and growth opportunities emerge, TMNG stands ready strategically and operationally to capitalize.”

Financial Results for the Thirty-Nine Weeks Ended October 3, 2009

For the thirty-nine weeks ended October 3, 2009, revenues were $47.8 million, compared with $59.6 million in the comparable year-ago period. TMNG Global’s gross margin was 41.1% during the thirty-nine weeks ended October 3, 2009, compared with 45.7% in the comparable year-ago period. 

Net loss for the thirty-nine weeks ended October 3, 2009 was ($3.1) million or ($0.09) per diluted share, compared with a net loss of ($9.8) million or ($0.28) per diluted share in the comparable year-ago period. GAAP results included $10.2 million in goodwill and intangible asset impairment charges in 2008. The non-GAAP adjusted net loss, excluding the after tax impact of non-cash expenses, including the impairment charges, net realized gains on auction rate securities, depreciation and amortization expense, and share-based compensation, was approximately ($0.1) million, or ($0.00) per diluted share, for the thirty-nine weeks ended October 3, 2009.  The comparable non-GAAP adjusted net income for the thirty-nine weeks ended September 27, 2008 was approximately $5.5 million, or $0.15 per diluted share.

In addition to reporting net loss and net loss per share on a GAAP basis, this press release contains certain non-GAAP adjustments which are described in the schedule entitled “Reconciliation of GAAP Net Loss to Non-GAAP Adjusted Net Income (Loss)” that accompanies this press release.  In making these non-GAAP adjustments, the Company took into account certain non-cash expenses and benefits, including tax effects as applicable, and the impact of certain items that are generally not expected to be on-going in nature.  Management believes the exclusion of these items provides a useful basis for evaluating underlying business performance, but should not be considered in isolation and is not in accordance with, or a substitute for, evaluating Company performance utilizing GAAP financial information.  The Company believes that providing such adjusted results allows investors and other users of the Company’s financial statements to better understand TMNG Global’s comparative operating performance for the periods presented.

TMNG Global’s management uses the non-GAAP financial measure in its own evaluation of the Company’s performance, particularly when comparing performance to the prior year’s period and on a sequential basis.  TMNG Global’s non-GAAP measure may differ from similar measures by other companies, even if similar terms are used to identify such measures.  Although TMNG Global’s management believes the non-GAAP financial measure is useful in evaluating the performance of its business, TMNG Global acknowledges that items excluded from such measure have a material impact on the Company’s net loss and net loss per share calculated in accordance with GAAP.  Therefore, management uses non-GAAP measures in conjunction with GAAP results.  Investors and other users of our financial information should also consider the above factors when evaluating TMNG Global’s results.

Conference Call

The Company will host a conference call at 5:00 p.m. ET today to discuss 2009 third quarter results. Investors can access the conference call via a live webcast on the Company’s website, www.tmng.com, or by dialing 800-860-2442 in the United States or 412-858-4600 from international locations and referencing the TMNG Global call. A replay of the conference call will be archived on the Company’s website for one week. Additionally, a replay of the call will be available by dialing 877-344-7529, pass code 435136, through November 19, 2009.

About TMNG Global

TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 500 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide.  The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D. C.

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 3, 2009 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.

(Please see attached financial tables)      

THE MANAGEMENT NETWORK GROUP, INC.
          CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
             (In thousands, except per share data)
                          (unaudited)

                                  Thirteen Weeks    Thirty-nine Weeks
                                       Ended               Ended
                                ------------------  ------------------
                                Oct. 3,   Sept. 27, Oct. 3,   Sept. 27,
                                 2009       2008     2009       2008
                                --------  --------  --------  --------
Revenues                       $ 16,812  $ 17,528  $ 47,834  $ 59,645

Cost of services (includes
  net non-cash share-based
  compensation expense of $53
  and $65 for the thirteen
  weeks ended October 3, 2009
  and September 27, 2008,
  respectively and $221
  and $447 for the thirty-nine
  weeks ended October 3, 2009
  and September 27, 2008,
  respectively)                    9,947     9,899    28,155    32,385
                                --------  --------  --------  --------
Gross Profit                      6,865     7,629    19,679    27,260

Operating Expenses:

  Selling, general and
   administrative (includes
   net non-cash share-based
   compensation expense of
   $120 and $133 for the
   thirteen weeks ended
   October 3, 2009 and
   September 27, 2008,
   respectively and $503
   and $977 for the thirty-nine
   weeks ended October 3, 2009
   and September 27, 2008,
   respectively)                   6,736     6,911    21,498    23,873
  Goodwill and intangible
   asset impairment                          1,086              10,165
  Intangible asset amortization      506       885     1,471     3,379
                                --------  --------  --------  --------
Total operating expenses          7,242     8,882    22,969    37,417
                                --------  --------  --------  --------
Loss from operations               (377)   (1,253)   (3,290)  (10,157)
Other income (expense):
  Interest income                     50       233       188       750
  Interest expense                   (17)                (42)
  Other income                        45        24       151        24
                                --------  --------  --------  --------
   Total other income                 78       257       297       774
                                --------  --------  --------  --------
Loss before income tax
  provision                         (299)     (996)   (2,993)   (9,383)
Income tax provision               (228)     (202)      (68)     (444)
                                --------  --------  --------  --------
Net loss                         $ (527) $ (1,198) $ (3,061) $ (9,827)
                                ========  ========  ========  ========

Net loss per common share:
  Basic and diluted               $(0.02) $  (0.03) $  (0.09) $  (0.28)
                                ========  ========  ========  ========

Weighted average shares used
  in calculation of net loss
  per basic and diluted
  common share                    35,074    34,706    34,872    35,700
                                ========  ========  ========  ========

                  THE MANAGEMENT NETWORK GROUP, INC.
               CONDENSED CONSOLIDATED BALANCE SHEETS
                        (In thousands)
                          (unaudited)

                                                     Oct. 3,   Jan. 3,
                                                      2009      2009
                                                    --------  --------
                                   ASSETS

CURRENT ASSETS:
  Cash and cash equivalents                         $  7,293  $  5,956
  Short-term investments                               7,392
  Receivables:
   Accounts receivable                                10,540     8,247
   Accounts receivable -- unbilled                     4,603     4,540
                                                    --------  --------
                                                      15,143    12,787
   Less: Allowance for doubtful accounts                (356)     (379)
                                                    --------  --------
Net receivables                                      14,787    12,408
Prepaid and other current assets                      1,190     1,653
                                                    --------  --------
    Total current assets                              30,662    20,017

NONCURRENT ASSETS:
  Property and equipment, net                          2,042     1,801
  Goodwill                                             7,702     6,240
  Licenses and identifiable intangible assets, net     3,145     4,842
  Noncurrent investments                               6,854    13,404
  Other noncurrent assets                                379       410
                                                    --------  --------
Total Assets                                       $ 50,784  $ 46,714
                                                    ========  ========

         LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
  Trade accounts payable                            $  1,493  $  1,138
  Current borrowings                                   4,850
  Accrued payroll, bonuses and related expenses        4,604     4,053
  Other accrued liabilities                            2,297     3,010
  Deferred revenue                                     1,083       476
  Accrued contingent consideration                       161       161
  Unfavorable and other contractual obligations          694       697
                                                    --------  --------
    Total current liabilities                         15,182     9,535

NONCURRENT LIABILITIES:
  Unfavorable and other contractual obligations          686     1,062
  Noncurrent borrowings                                          1,485
  Other noncurrent liabilities                         1,130     1,006
                                                    --------  --------
    Total noncurrent liabilities                       1,816     3,553

Total stockholders' equity                           33,786    33,626
                                                    --------  --------
Total Liabilities and Stockholders' Equity         $ 50,784  $ 46,714
                                                    ========  ========



                    THE MANAGEMENT NETWORK GROUP, INC.
RECONCILIATION OF GAAP NET LOSS TO NON-GAAP ADJUSTED NET INCOME (LOSS)
                             (unaudited)
                  (in thousands, except per share data)


                                   Thirteen Weeks    Thirty-nine Weeks
                                        Ended             Ended
                                ------------------  ------------------
                                 Oct. 3,  Sept. 27,  Oct. 3,  Sept. 27,
                                  2009      2008      2009      2008
                                --------  --------  --------  --------
Reconciliation of GAAP net
  loss to non-GAAP adjusted
  net income (loss):
  GAAP net loss                 $   (527) $ (1,198) $ (3,061) $ (9,827)
                                --------  --------  --------  --------

  Realized gain on auction
   rate securities                   (17)               (122)
  Goodwill and intangible
   asset impairment                          1,086              10,165
  Depreciation and amortization      873     1,233     2,529     4,419
  Non-cash share based
   compensation expense              173       198       724     1,424
  Tax effect of applicable
   non-GAAP adjustments               20      (206)     (200)     (717)
                                --------  --------  --------  --------
   Adjustments to GAAP net loss    1,049     2,311     2,931    15,291

                                --------  --------  --------  --------
Non-GAAP adjusted net
  income (loss)                 $    522  $  1,113  $   (130) $  5,464
                                ========  ========  ========  ========


Reconciliation of GAAP net
  loss per diluted common
  share to non-GAAP adjusted
  net income (loss) per
  diluted common share:
  GAAP net loss per diluted
   common share                 $  (0.02) $  (0.03) $  (0.09) $  (0.28)
                                --------  --------  --------  --------

  Realized gain on auction
   rate securities                 (0.00)              (0.00)
  Goodwill and intangible
   asset impairment                           0.03                0.29
  Depreciation and amortization     0.02      0.03      0.07      0.12
  Non-cash share based
   compensation expense             0.01      0.01      0.02      0.04
  Tax effect of applicable
   non-GAAP adjustments             0.00     (0.01)    (0.00)    (0.02)
                                --------  --------  --------  --------
   Adjustments to GAAP net
    loss per diluted common
    share                           0.03      0.06      0.09      0.43

                                --------  --------  --------  --------
Non-GAAP adjusted net income
  (loss) per diluted
  common share                  $   0.01  $   0.03  $  (0.00)$    0.15
                                ========  ========  ========  ========

Weighted average shares
  used in calculation of
  diluted net income (loss)
  per common share                35,074    34,706    34,872    35,700
                                ========  ========  ========  ========
###

Contact:

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

Overland Park, KS – October 23, 2009 – TMNG Global (Nasdaq: TMNG), a leading provider of management consulting services to the global communications, media and entertainment industries, today announced it will host a conference call to discuss third quarter 2009 financial results on Thursday, November 12, 2009 at 5:00 p.m. ET.

A news release outlining the third quarter 2009 results will be distributed at approximately 4:00 p.m. ET on November 12, 2009 and will also be available on the “Investor Relations” portion of TMNG’s Web site, www.tmng.com.

To participate on the live call, investors should dial 800-860-2442 in the United States or 412-858-4600 from international locations and reference the TMNG Global call approximately ten minutes prior to the start time. In addition, the call will be available via live webcast over the Internet on the “Investor Relations” portion of TMNG’s corporate Web site, www.tmng.com.  Investors should go to the Web site approximately 10 minutes prior to the start time of the call to register.

An on-line archive of the call will be available at www.tmng.com for one week. Additionally, a replay of the call will be available by dialing 877-344-7529, pass code 435136, through November 19, 2009.

About TMNG Global

TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 600 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide. The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D.C.

# # #

CONTACT: 

Brainerd Communicators

Ray Yeung / Jo Anne Barrameda (Media)    

yeung@braincomm.com / barrameda@braincomm.com

Corey Kinger (Investors)

kinger@braincomm.com

212.986.6667

Overland Park, KS – September 18, 2009 – TMNG Global (NASDAQ: TMNG) announced today that it received a letter from The Nasdaq Stock Market indicating that the Company is not in compliance with Nasdaq Marketplace Rule 5450(a)(1) (the "Bid Price Rule") because the closing bid price per share of its common stock has been below $1.00 per share for 30 consecutive business days.  In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company will be provided with 180 calendar days, or until March 15, 2010, to regain compliance with the Bid Price Rule.  The Company may be eligible for an additional 180 day grace period if it meets the initial listing standards, with the exception of the minimum bid price requirement, for the Nasdaq Capital Market and transfers its securities from the Nasdaq Global Market to the Nasdaq Capital Market prior to March 15, 2010.  The notification letter received from Nasdaq has no immediate effect on the listing of the Company's common stock at this time.

To regain compliance with the Bid Price Rule, the closing bid price of the Company's common stock must remain at or above $1.00 per share for a minimum of ten consecutive business days.  If the Company does not regain compliance with the Bid Price Rule and has not transferred its securities to the Nasdaq Capital Market by March 15, 2010, Nasdaq will provide the Company with written notification that its common stock is subject to delisting.  At that time, the Company may appeal Nasdaq's determination to delist its common stock to a Nasdaq Hearing's Panel.  The Company has not yet determined what action or response, if any, the Company will take regarding the non-compliance.

About TMNG Global

TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 500 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide.  The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D. C.

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 continued listing of the Company's common stock on Nasdaq, the ability of the Company to successfully integrate recent acquisitions, conditions in the telecommunications industry, overall economic and business conditions (including the recent worsening of conditions in the credit markets and in general economic conditions), the demand for the Company’s services (including the recent 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 3, 2009 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: 

Brainerd Communicators

Ray Yeung / Jo Anne Barrameda (Media)    

yeung@braincomm.com / barrameda@braincomm.com

Corey Kinger (Investors) kinger@braincomm.com

212.986.6667

Overland Park, KS – August 27, 2009 – TMNG Global (Nasdaq: TMNG), a leading provider of management consulting services to the global communications, media and entertainment industries, today announced its participation at the Kaufman Bros., L.P. Twelfth Annual Investor Conference in New York City.

TMNG Global’s Chairman and Chief Executive Officer, Richard Nespola, and Chief Financial Officer, Donald Klumb, will conduct a presentation at 1:30PM ET on Thursday, September 10, 2009.  Investors can access the presentation via a live webcast on the company’s website, www.tmng.com. A replay of the presentation will be archived on the company’s website for one week.

About TMNG Global

TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 600 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide. The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D.C.

# # #