Business Services Industry
Slater Capital Management, L.L.C. Issues Letter to the Board of Directors of the Management Network Group, Inc
Business Wire, April 3, 2008
NEW YORK -- Today, April 3, 2008, this letter was sent to the Board of Directors of The Management Network Group, Inc. (NASDAQ: TMNG)
Slater Capital Management, L.L.C.
825 Third Avenue, 33rd Floor
New York, New York 10022
Tel (212) 521-5110
April 3, 2008 Board of Directors The Management Network Group, Inc. 7300 College Blvd., Suite 302 Overland Park, KS 66210
Gentlemen,
We have reviewed the letter sent to you by Riley Investment Management Partners LP, Riley Investment Management LLC and Bryant Riley and the related 13D filing, as well as the 13D filed by Potomac Capital Management, LLC and its related entities.
Slater Capital Management, L.L.C. and its related entities currently hold 633,700 shares representing approximately a 1.8% stake of The Management Network Group, Inc. (NASDAQ: TMNG). We support the election of Bryant Riley to the Board of Directors of TMNG whether at TMNG's annual shareholders meeting or at such other date (as soon as practicable) as the Board of Directors is able do so. We consider him to be an extremely qualified candidate for the Board of Directors. We are familiar with his history of assisting companies he is involved with in the creation of shareholder value and representing all shareholder interests.
We hope his election to the Board of TMNG can be accomplished expeditiously.
Yours truly,
Steven L. Martin Managing Member of Slater Capital Management, L.L.C.
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