Riley Investment nominates one of its own to Management Network's board of directors

By Lisa Kerner

Charlotte, N.C., March 20 - Riley Investment Management LLC submitted Bryant Riley's name to the Management Network Group, Inc. for consideration to join the company's board of directors.

Riley is founder and managing member of Riley Investment Management and is founder and chairman of B. Riley & Co., LLC.

The nomination was submitted at the suggestion of the board, according to a schedule 13D filing with the Securities and Exchange Commission.

Riley, in a letter to the company, cited his "significant corporate board experience." He is currently a member of the boards of Aldila, Alliance Semiconductor and DDi Corp.

Riley Investment Management and its affiliates own 12.1% of the Management Network Group, making them the company's second-largest shareholder, the filing stated.

Management Network Group is an Overland Park, Kan., consulting firm that provides services to the converging communications, media and entertainment industries.

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