TMNG Global Regains NASDAQ Compliance
23 2월 2010 - 10:38PM
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.
The Management Network Group, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6089
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.
CONTACT: Brainerd Communicators
Media
Ray Yeung
yeung@braincomm.com
Jo Anne Barrameda
barrameda@braincomm.com
Investors
Corey Kinger
kinger@braincomm.com
212.986.6667
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