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 Announces Sale by Significant Stockholder
in Private Transaction
Overland Park, KS - July 2, 2007 - TMNG Global (Nasdaq: TMNG), a leading
provider of management consulting services to the global communications, media
and entertainment industries, today announced that Behrman Capital has completed
a privately negotiated transaction under which a group of investment firms
acquired Behrman Capital's 34.9% interest in TMNG Global. TMNG was notified of
the transaction by Grant G. Behrman, an independent director of TMNG and a
principal of Behrman Capital.
The group of investing firms is primarily made up of current holders of TMNG
common stock. TMNG is not a party to and did not receive any proceeds from the
sale of shares by Behrman Capital.
With the completion of the transaction, Grant G. Behrman and William M. Matthes
have stepped down from TMNG Global's Board of Directors. TMNG's Board of
Directors will begin a search for independent directors to fill the vacancies
left by the resignations of Messrs. Behrman and Matthes.
Richard P. Nespola, Chairman and Chief Executive Officer of TMNG Global,
commented, "This transaction represents an efficient transition of share
ownership from our longtime private equity supporter to the institutional
investment community, which we believe should ultimately diversify our common
stock ownership and provide greater market liquidity in the trading of our
shares. On behalf of
the Company and the Board of Directors, I would like to express my sincere
gratitude for Grant's and Bill's guidance and support as investors and directors
of TMNG for the past 10 years."
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 expectations with respect to future stock market conditions, business,
revenues or profitability 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, any future sales of the stock purchased in the transaction, conditions
in the telecommunications industry, overall economic and business conditions,
the demand for the Company's services, and technological advances and
competitive factors in the markets in which the Company competes. These risks
and uncertainties are described in detail from time to time in TMNG's filings
with the Securities and Exchange Commission.
# # #