EXHIBIT 99.1
[GRAPHIC OMITTED]
CONTACT:
The Management Network Group, Inc. Brainerd Communicators
Janet Hall Michele Clarke (Media)
Janet.Hall@tmng.com clarke@braincomm.com
800.876.5329 212.986.6667
Corey Kinger (Investors)
kinger@braincomm.com
212.986.6667
TMNG GLOBAL RECEIVES
NASDAQ STAFF DETERMINATION LETTER
Overland Park, KS - April 9, 2007 - TMNG Global (Nasdaq: TMNG), a leading
provider of management consulting services to the global communications, media
and entertainment industries, today announced it received a Nasdaq Staff
Determination Letter on April 4, 2007 indicating the Company is not in
compliance with Nasdaq Marketplace Rule 4310(c)(14) and that this noncompliance
serves as an additional basis to delist the Company's common stock from the
Nasdaq Global Market. The notice was issued in accordance with Nasdaq procedures
because the Company did not timely file its Annual Report on Form 10-K for the
year ended December 30, 2006.
The Company's common stock will continue to be listed on the Nasdaq Global
Market as the Company works to become current in all of its filings, including
the Form 10-Q for the quarter ended September 30, 2006 and the Form 10-K for the
year ended December 30, 2006. The Company's failure to make all of its periodic
filings on a timely basis stems from its decision to undertake a comprehensive
special committee review of its historical options granting practices and
related accounting. As previously announced, the special committee review is
complete, and will result in the filing of restated historical financial
statements.
The Company is working to complete its restatement and become current with its
public filings as soon as possible. On February 26, 2007, TMNG was granted a
hearing before a Nasdaq Listing Qualifications Panel, which set a deadline of
May 14, 2007 for the filing of the Company's September 30, 2006 10-Q. Presently,
the Company anticipates filing this 10-Q and its 2006 10-K by the May 14, 2007
deadline.
About TMNG Global
TMNG Global (NASDAQ: TMNG) is a leading provider of professional services to the
converging communications industry. Its companies, TMNG, CSMG Adventis, 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 Berlin, Boston, Chicago, London, New
York, Shanghai and Washington, D. C. This release contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements involve risks and uncertainties. In particular,
any statements contained herein regarding the special committee's review, the
planned restatement of the Company's financial statements, the potential impact
of such restatement, the identification of accounting errors or corrections,
and/or recommendations of the special committee or measures adopted by
management and the Board of Directors are subject to known and unknown risks,
uncertainties, and contingencies. Factors that might affect actual results,
performance, or achievements include, among other things, the matters discussed
in this release, the restatement of the Company's financial statements, legal,
accounting and regulatory developments relating to our stock option grants and
accounting for those grants, potential claims or liability that may arise as a
result of these matters, that the anticipated accounting adjustments could have
negative tax implications for the Company, the potential for delisting of our
common stock on the Nasdaq Stock Market, the effectiveness of remedial measures
adopted by management and our Board of Directors, and other actions that may be
taken as a result of the special committee review. In addition to the matters
described in this release, risks and uncertainties are described from time to
time in our filings with the Securities and Exchange Commission. You should not
place undue reliance on any forward-looking statements, which speak only as of
the date on which they are made. We undertake no responsibility to update any of
these forward-looking statements to reflect events or circumstances occurring
after the date of this release.
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