OVERLAND PARK, Kan., March 6, 2008 (PRIME NEWSWIRE) -- TMNG Global (Nasdaq:TMNG), a leading provider of management consulting services to the communications, media and entertainment industries, today disclosed a second U.S. pilot for its Ascertain revenue-assurance toolset. The revenue-management and data integrity suite, developed by the company's Cartesian unit, is currently in use at 20 cable and broadband providers in Europe.
"The dramatic increase in transaction-based services like video-on-demand accelerates the risk to U.S. cable companies of revenue leakage, demanding more sophisticated audit and financial controls," said Bill Opet, senior vice president of TMNG Global's Cable & Broadband practice. "By identifying transaction errors and resolving third-party carrier activities, the Ascertain suite mitigates the risks of delivering free services or booking services never delivered, and controls the costs of third-party settlements."
"We continue to find new applications for our core expertise as additional content-delivery platforms mature and gain complexity," said Rich Nespola, Chairman and CEO of TMNG Global. "We expect the North American market to become a recurring revenue stream for this service offering."
About TMNG Global
TMNG Global (Nasdaq:TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, Cartesian, RVA Consulting, and TWG Consulting, 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.
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 industry sectors that the Company serves, overall economic and business conditions, the demand for the Company's services, 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 TMNG's filings with the Securities and Exchange Commission, including the risks described in "Risk Factors" under Item 1A in TMNG's periodic reports filed with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended December 30, 2006 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.