Grant Will Boost Local Economy in Eastern Illinois and Provide

Broadband Services to 11 Rural Counties

Overland Park, KS – September 1, 2010 – TMNG Global (NASDAQ: TMNG) a leading provider of professional services to the global communications, digital media, technology, and financial services industries, congratulates Cellular One of East Central Illinois for its $13 million Federal Broadband Stimulus award in support of the development of broadband services in Eastern Illinois. CSMG, the strategy advisory subsidiary of TMNG Global, assisted the company in the creation and submission of their successful grant application.

“Not only will this grant address the critical need to build out broadband services in Eastern Illinois, but more importantly, it will make a significant contribution to the long term economic growth of communities in the region,” said Richard Nespola, Chairman and CEO of TMNG Global. “Only a handful of cellular companies thus far have received broadband stimulus funding and we are honored to have assisted Cellular One through their successful submission process.”

CSMG’s proprietary three-stage methodology was critical to Cellular One’s successful application. CSMG provided the detailed analysis and expert support needed to assess the opportunities, developed a business case to demonstrate the need and sustainability, and evaluated the public good.

“We would like to extend our deep appreciation to TMNG Global for playing such a pivotal role in advising us throughout our grant application process. This funding award will allow Cellular One to provide advanced wireless broadband services to many in our area who live in more remote areas and have had limited or no Internet service,” said Cassy Carter, CEO/GM of Cellular Properties. “Without CSMG’s assistance – and without these grants – we could not justify the expense of building out to those areas.”

Cellular Properties, Inc., doing business as Cellular One of East Central Illinois, is the only wireless carrier based in and dedicated exclusively to serving East Central Illinois. It is one of few independent rural cellular companies still operating under its initial ownership. More than 66,000 people, over seven thousand businesses, and approximately seven hundred community groups will benefit from the stimulus grant awarded to Cellular One. In addition to an estimated 267 jobs created, this project will provide a foundation for economic growth and job creation for decades to come. Cellular One’s grant will help fund the deployment of mobile and fixed wireless broadband service over a 3G Universal Mobile Telecommunications Network (UMTS) in 11 rural counties in eastern Illinois – including Clay, Clark, Coles, Crawford, Cumberland, Douglas, Edgar, Jasper, Lawrence, Richland and Vermilion counties. Fiber-To-The-Tower (FTTT) will also be deployed to provide an upgrade path to a 4G LTE network in the future.

About TMNG Global

TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the communications, digital media, technology and financial services industries. Since 1990, TMNG Global and its subsidiaries, CSMG and Cartesian, have provided strategy, business, operations and technical consulting to more than 1,200 firms worldwide. The company is headquartered in Overland Park, Kansas, with offices in Boston, London, New Jersey, Shanghai and Washington, D.C. For more information about TMNG Global, visit www.tmng.com

About Cellular Properties, Inc.

Cellular One is a family-owned, locally-operated wireless provider that has served East Central Illinois since 1991.   Headquartered in Danville, IL, the company has 12 retail operations located throughout its 11-county service area.  For more information, visit www.cellular1.net

The Management Network Group, Inc. (TMNG)

Debby Brannon

debby.brannon@tmng.com

Brainerd Communicators (for TMNG)

Ray Yeung / Jo Anne Barrameda (Media)

yeung@braincomm.com / barrameda@braincomm.com

212.986.6667

Cellular Properties, Inc. (Cellular One)

Colleen Wright, Assistant General Manager

cwright@cellular1.net

217.431.6281 x1113 (office)

217.497.7483 (cellular)

Overland Park, KS – August 5, 2010 – 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 2010 second quarter ended July 3, 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.

“TMNG Global has posted improved performance through the first half of the year led by our success in solidifying activities with our largest client relationships, strong contributions from our strategic consulting unit, and sound operating expense management,” said Richard Nespola, TMNG Global Chairman and CEO. “Strategic consulting historically performs well ahead of economic recovery as clients begin deploying capital into new businesses, next generation platforms and advanced service offerings, creating opportunity for engagement extensions into our operational and software offerings.  In this cycle, renewed investment is apparent in areas including mobility, migration to cloud computing architectures, capital formation, and M&A due diligence.  We are active in all of these areas and positioned well to participate in our share of a healthy new business pipeline.  That said, market conditions remain unpredictable and highly competitive for consulting firms, mandating that we maintain cost discipline as we focus on growing revenues and cash flows from operations in 2010.”

Financial Results for the Thirteen Weeks Ended July 3, 2010

Revenues in the second quarter of 2010 were $17.0 million, compared to $16.8 million in the 2009 second quarter and $17.5 million in the 2010 first quarter.  Included in year-over-year revenue growth is a greater than 100% increase in strategic consulting services, further strengthening our position among our largest customers. During the quarter, TMNG’s gross margin was 39.1%, compared with 43.6% in the second quarter of 2009 and 37.8% in the first quarter of 2010.  On a year-over-year basis, competitive pricing pressure associated with a marginal economy negatively impacted margins. The sequential increase in gross margin reflected a higher mix of strategic consulting services.

TMNG Global reported a net loss of ($0.5) million on a GAAP basis, or ($0.07) per diluted share for the second quarter of 2010, compared with a net loss of ($0.4) million, or ($0.05) per diluted share, for the second quarter of 2009. After adjusting for the after tax impact of net realized gains on auction rate securities, depreciation and amortization expense and share-based compensation expense, non-GAAP adjusted net income was $0.3 million, or $0.04 per diluted share during the second quarter of 2010.  The comparable non-GAAP adjusted net income for the second quarter of fiscal 2009 was $0.6 million, or $0.09 per diluted share. 

Cash flow from operations was $3.1 million for the second quarter of 2010, compared with $3.2 million for the second quarter of 2009.

Financial Results for the Twenty-Six Weeks Ended July 3, 2010

For the twenty-six weeks ended July 3, 2010, revenues were $34.4 million, compared with $31.0 million in the comparable period of fiscal year 2009.  TMNG Global’s gross margin was 38.5% during the twenty-six weeks ended July 3, 2010, compared with 41.3% in the comparable period of fiscal year 2009.

Net loss for the twenty-six weeks ended July 3, 2010 was ($1.3) million or ($0.18) per diluted share, compared with a net loss of ($2.5) million or ($0.36) per diluted share in the comparable period of fiscal year 2009.  Non-GAAP adjusted net income, adjusted for the after tax impact of net realized gains on auction rate securities, depreciation and amortization expense, and share-based compensation, was approximately $0.4 million, or $0.05 per diluted share, for the twenty-six weeks ended July 3, 2010.  The comparable non-GAAP adjusted net loss for the twenty-six weeks ended July 4, 2009 was ($0.7) million or ($0.09) per diluted share.

For the twenty-six weeks ended July 3, 2010, cash flow from operations was $0.3 million, compared with $0.5 million in the comparable period of fiscal year 2009.

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 or that are unrelated to the Company’s core operations.  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 used 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 2010 second 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 418740, through August 12, 2010.

About TMNG Global

TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the converging communications industry. TMNG Global, 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, Chicago, 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, conditions in the telecommunications industry, overall economic and business conditions (including the current economic slowdown and difficult conditions in the credit markets), 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.

THE MANAGEMENT NETWORK GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(unaudited)
	Thirteen Weeks Ended		Twenty-six Weeks Ended
	July 3, 2010	July 4, 2009	July 3, 2010	July 4, 2009
Revenues	$16,971	$16,825	$34,430	$31,022
Cost of services (includes net non-cash share-based compensation expense of $27 and $80 for the thirteen weeks ended July 3, 2010 and July 4, 2009, respectively and $61 and $168 for the twenty-six weeks ended July 3, 2010 and July 4, 2009, respectively)	10,328	9,490	21,185	18,208
Gross Profit	6,643	7,335	13,245	12,814
Operating Expenses:
Selling, general and administrative (includes net non-cash share-based compensation expense of $57 and $163 for the thirteen weeks ended July 3, 2010 and July 4, 2009, respectively and $136 and $383 for the twenty-six weeks ended July 3, 2010 and July 4, 2009, respectively)	6,807	7,354	13,875	14,762
Intangible asset amortization	358	491	721	965
Total operating expenses	7,165	7,845	14,596	15,727
Loss from operations	(522)	(510)	(1,351)	(2,913)
Other income (expense):
Interest income	44	56	108	138
Interest expense	(7)	(17)	(16)	(25)
Other income	30	83	58	106
Total other income	67	122	150	219
Loss before income taxes	(455)	(388)	(1,201)	(2,694)
Income tax (provision) benefit	(42)	38	(49)	160
Net loss	$(497)	$(350)	$(1,250)	$(2,534)
Net loss per common share:
Basic and diluted	$(0.07)	$(0.05)	$(0.18)	$(0.36)
Weighted average shares used in calculation of net loss per basic and diluted common share	7,038	6,958	7,033	6,954

THE MANAGEMENT NETWORK GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(unaudited)
	July 3, 2010	January 2, 2010
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$8,432	$6,301
Short-term investments		5,444
Receivables:
Accounts receivable	10,027	11,991
Accounts receivable -- unbilled	4,967	4,174
	14,994	16,165
Less: Allowance for doubtful accounts	(258)	(357)
Net receivables	14,736	15,808
Prepaid and other current assets	1,107	1,206
Total current assets	24,275	28,759
NONCURRENT ASSETS:
Property and equipment, net	1,808	1,955
Goodwill	7,911	7,772
Identifiable intangible assets, net	1,445	2,516
Noncurrent investments	6,853	6,852
Other noncurrent assets	348	397
Total Assets	$42,640	$48,251
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade accounts payable	$1,008	$1,118
Current borrowings		2,800
Accrued payroll, bonuses and related expenses	4,674	5,354
Other accrued liabilities	1,880	1,433
Deferred revenue	659	1,023
Unfavorable and other contractual obligations	417	706
Total current liabilities	8,638	12,434
NONCURRENT LIABILITIES:
Unfavorable and other contractual obligations	528	546
Other noncurrent liabilities	1,231	1,237
Total noncurrent liabilities	1,759	1,783
Total stockholders' equity	32,243	34,034
Total Liabilities and Stockholders' Equity	$42,640	$48,251

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 Ended		Twenty-six Weeks Ended
	July 3, 2010	July 4, 2009	July 3, 2010	July 4, 2009
Reconciliation of GAAP net loss to non-GAAP adjusted net income (loss):
GAAP net loss	$(497)	$(350)	$(1,250)	$(2,534)
Realized gain on auction rate securities	(30)	(82)	(56)	(105)
Depreciation and amortization	688	860	1,393	1,656
Non-cash share based compensation expense	84	243	197	551
Tax effect of applicable non-GAAP adjustments	34	(62)	68	(220)
Adjustments to GAAP net loss	776	959	1,602	1,882
Non-GAAP adjusted net income (loss)	$279	$609	$352	$(652)
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	$(0.07)	$(0.05)	$(0.18)	$(0.36)
Realized gain on auction rate securities	(0.00)	(0.01)	(0.01)	(0.02)
Depreciation and amortization	0.10	0.12	0.20	0.24
Non-cash share based compensation expense	0.01	0.04	0.03	0.08
Tax effect of applicable non-GAAP adjustments	0.00	(0.01)	0.01	(0.03)
Adjustments to GAAP net loss per diluted common share	0.11	0.14	0.23	0.27
Non-GAAP adjusted net income (loss) per diluted common share	$0.04	$0.09	$0.05	$(0.09)
Weighted average shares used in calculation of diluted net income (loss) per common share	7,038	6,958	7,033	6,954

Overland Park, KS – July 22, 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 second quarter 2010 financial results on Thursday, August 5, 2010 at 5:00 p.m. ET.

A news release outlining the second quarter 2010 results will be distributed at approximately 4:00 p.m. ET on August 5, 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 418740, through August 12, 2010.

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, Chicago, London, New Jersey, New York, Shanghai and Washington, D.C. For more information about TMNG Global, visit www.tmng.com.

# # #

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 – July 19, 2010 – The Management Network Group, Inc. (Nasdaq: TMNG) ("TMNG" or the "Company") today announced that it has amended and restated its stockholder rights plan (the "Rights Plan").  The Company previously announced in May 2010 its intention to amend the Rights Plan.

The Company amended the Rights Plan to, among other things, increase the ownership threshold under the Rights Plan from five percent (5%) to fifteen percent (15%) and delete the provisions of the Rights Plan relating to the Company's net operating loss carryforwards. The Company also amended the Rights Plan to reflect adjustments resulting from the Company's 1-for-5 reverse stock split that was effected on February 7, 2010 and to change the period for independent director reviews of the Rights Plan from every year to every three years.  In addition, the Rights Plan was amended to also apply to ownership of securities where a holder uses a contract, arrangement or device (including any derivative, swap or similar transaction or instrument) to divest beneficial ownership of the securities to avoid triggering the Rights Plan or to evade the reporting requirements of the federal securities laws.

Additional information regarding the Rights Plan as amended and restated, including other amendments updating and revising the Rights Plan, will be contained in a current report on Form 8-K that the Company is filing with the Securities and Exchange Commission. This filing will be available at the SEC’s web site at www.sec.gov.

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 may contain 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’s filings with the Securities and Exchange Commission, including the risks described in TMNG’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 does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances.

Overland Park, KS – May 26, 2010 – The Management Network Group, Inc. (Nasdaq: TMNG) ("TMNG" or the "Company") today announced that its Board of Directors intends to amend its stockholder rights plan (the “Rights Plan”) in July 2010 to increase the ownership threshold under the Rights Plan from five percent (5%) to fifteen percent (15%) and to delete the provisions of the Rights Plan relating to the Company's net operating loss carryforwards.

The Board's determination to amend the Rights Plan was based upon several considerations. The risk of an "ownership change" that would reduce the Company's ability to utilize net operating loss carryforwards in the future is expected to decline in July 2010. An “ownership change” is generally a more than 50 percentage point increase in stock ownership, during a moving 3-year testing period, by stockholders owning or deemed to own five percent or more of the outstanding shares. A large stock transaction that occurred in July 2007 will be removed from the three-year testing period in July 2010.

In addition, the Company believes that the combination of the 5% ownership threshold in the current Rights Plan and the Company's relatively small size may dampen potential investor interest in the Company, including the interest of institutional investors. Also, the 5% threshold and the Company's size have resulted in inadvertent violations of the threshold through relatively small investments, which have created potential issues under the applicable tax provisions and diverted management time and attention.

In the event that the Company's risk of an "ownership change" increases in the future, the Company will consider at that time whether it is in the best interests of the Company and its stockholders to reduce the ownership threshold in the Rights Plan. There can be no assurance that the Board of Directors will take actions in the future to fully preserve the Company's net operating loss carryforwards, given the costs and benefits associated with taking action.  The Company had federal net operating loss carryforwards of approximately $40.9 million as of January 2, 2010. However, the Company has recorded a valuation allowance against all deferred income tax assets related to these net operating loss carryforwards due to the operating history of the Company's US operations.

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.

CONTACT:

Brainerd Communicators

Ray Yeung / Jo Anne Barrameda (Media)

yeung@braincomm.com /barrameda@braincomm.com

Corey Kinger (Investors)

kinger@braincomm.com

212.986.6667

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 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 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 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 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.

# # #

CONTACT:       

The Management Network Group, Inc.

Debby Brannon

debby.brannon@tmng.com

800.876.5329

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 – May 13, 2010 – 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 2010 first quarter ended April 3, 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 first quarter of 2010 were $17.5 million, up from $14.2 million in the 2009 first quarter and $17.1 million in the 2009 fourth quarter.  Revenue growth was driven by increased account activity at our largest customers, supported by strength across the Company’s practice areas.  During the quarter, TMNG’s gross margin was 37.8%, compared with 38.6% in the first quarter of 2009.  The margin reduction was due to increased efforts required on select fixed-price projects, utilization of our employee consultant base and continued pricing pressure.

TMNG Global reported a net loss of ($0.8) million on a GAAP basis, or ($0.11) per diluted share for the first quarter of 2010, compared to a net loss of ($2.2) million, or ($0.31) per diluted share, for the first quarter of 2009. After adjusting for the after tax impact of non-cash items, including net realized gains on auction rate securities, depreciation and amortization expense and share-based compensation expense, non-GAAP adjusted net income was $0.1 million, or $0.01 per diluted share during the first quarter of 2010.  The comparable non-GAAP adjusted net loss for the first quarter of fiscal 2009 was ($1.3) million, or ($0.18) per diluted share.  

“Our first quarter operating performance met our expectations as we executed across our practice areas and benefitted from our core expertise in assisting our clients in maximizing opportunities for both the broadband and wireless arenas,” said Richard Nespola, TMNG Global Chairman and CEO. “Strong performance from our CSMG strategy group is usually a positive leading indicator for other business units of TMNG as clients begin to invest in new business initiatives. We are seeing strength in the early part of the year accompanied by a robust pipeline of potential opportunities.  We remain confident in our ability to restore revenue growth and improve cash flow from operations in 2010, but also caution that the still-fragile economic recovery suggests business conditions will remain unpredictable quarter-to-quarter.  As we progress along the path of economic recovery, we believe TMNG is well-positioned to capture its share of opportunities while remaining focused on maintaining a healthy balance sheet and carefully managing our cost structure.”

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 or that are unrelated to the Company’s core operations.  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 2010 first 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 439776, through May 20, 2010.

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, Chicago, 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, conditions in the telecommunications industry, overall economic and business conditions (including the current economic slowdown and difficult conditions in the credit markets), 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.

THE MANAGEMENT NETWORK GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(unaudited)
	April 3, 2010	January 2, 2010
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$ 3,905	$ 6,301
Short-term investments	5,470	5,444
Receivables:
Accounts receivable	12,454	11,991
Accounts receivable -- unbilled	4,593	4,174
	17,047	16,165
Less: Allowance for doubtful accounts	(356)	(357)
Net receivables	16,691	15,808
Prepaid and other current assets	1,388	1,206
Total current assets	27,454	28,759
NONCURRENT ASSETS:
Property and equipment, net	1,870	1,955
Goodwill	7,516	7,772
Identifiable intangible assets, net	1,947	2,516
Noncurrent investments	6,915	6,852
Other noncurrent assets	371	397
Total Assets	$ 46,073	$ 48,251
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade accounts payable	$ 1,492	$ 1,118
Current borrowings	3,680	2,800
Accrued payroll, bonuses and related expenses	3,790	5,354
Other accrued liabilities	1,423	1,433
Deferred revenue	717	1,023
Unfavorable and other contractual obligations	592	706
Total current liabilities	11,694	12,434
NONCURRENT LIABILITIES:
Unfavorable and other contractual obligations	495	546
Other noncurrent liabilities	1,221	1,237
Total noncurrent liabilities	1,716	1,783
Total stockholders' equity	32,663	34,034
Total Liabilities and Stockholders' Equity	$ 46,073	$ 48,251

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 Ended	Thirteen Weeks Ended
	April 3, 2010	April 4, 2009
Reconciliation of GAAP net loss to non-GAAP adjusted net income (loss):
GAAP net loss	$ (753)	$ (2,184)
Realized gain on auction rate securities	(26)	(23)
Depreciation and amortization	705	796
Non-cash share based compensation expense	113	308
Tax effect of applicable non-GAAP adjustments	34	(158)
826	923
Non-GAAP adjusted net income (loss)	$ (1,261)
Non-GAAP adjusted net income (loss) per diluted common share	$ 0.01	$ (0.18)
Weighted average shares used in calculation of diluted net loss per common share	7,027	6,950

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 – April 15, 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 first quarter 2010 financial results on Thursday, May 13, 2010 at 5:00 p.m. ET.

A news release outlining the first quarter 2010 results will be distributed at approximately 4:00 p.m. ET on May 13, 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 439776, through May 20, 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

• In light of rapid rise in health care costs (already $2.5T in US and 17 percent of GDP), the FCC’s National Broadband Plan estimates $700 billion in savings over 15-25 years from teleHealth initiatives.
• mHealth will need to gain reimbursement from payers as clinical solutions. Insurance/Medicare-paid mHealth solutions offer tremendous potential revenues, but also pose business model risks if reimbursement rates are cut. New solutions must demonstrate proof of efficacy to win reimbursement codes and to date, results have been mixed.
• Emergence of affordable mass market consumer-grade health devices and software will provide consumers with unprecedented control and personal-responsibility for health.
• Given the complexity of mHealth, success will require collaboration across telecom and health care-centric players. For instance, mobile network operator and device OEMs’ market entry strategies must address build/buy/partner implications that vary by potential mHealth solution.

• Mobile/connected device technology innovation drives near-to-mid-term growth.
• The appeal of mHealth will overcome short-term barriers on consumer concerns about the quality of mHealth solutions.
• Health care-specific technology developments such as adoption of electronic medical record (EMR) will remove barriers to mHealth adoption
• Broader health care industry reform will be required to reach the full market potential.

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