BILL.L Regulatory News (BILL)

17 Oct 2006 14:00

BSG Clearing Solutions (BSG), a subsidiary of Billing ServicesGroup Limited (AIM:BILL), the telecom industry's clearing andsettlement provider, today announced the opening of its Tampa, Floridaoffice. The company also announced the appointment of David M.Wasserman as General Manager, N.A. Wireless, who will lead thecompany's wireless service efforts in North America. £ "We're very pleased to have David join us and open our Tampaoffice," said Randy W. Brouckman, Global Chief Operating Officer forBSG. "We see a tremendous opportunity for growth in the North Americanwireless market and have a clear vision to become the dominantclearing and settlement provider. With David's experience in thewireless industry, he is sure to lead us in achieving that goal." £ Prior to joining BSG, Wasserman was Director of Sales forSyniverse Technologies, a provider of technology services to wirelesstelecommunications companies, where he led a team of salesprofessionals and was responsible for developing sales strategies fornew and existing markets. Previously, Wasserman held various positionsof increasing responsibility in the finance and sales organizationswithin Verizon (formerly GTE) from 1989-2000. £ BSG launched its wireless data clearing services in North Americain January 2006, and through its acquisition of United Clearing PLC,offers a full suite of financial settlement services as well. BSGcurrently has 14 North American wireless customers. £ About BSG Clearing Solutions £ BSG Clearing Solutions is a leading global provider of clearingand settlement, payment services, and financial risk managementsolutions for communications service providers. The company processesover 20 billion transactions annually for 750 of the world's largestcommunications companies throughout North America, Europe and Asia.With a ubiquitous, scalable platform and an extensive portfolio ofclearinghouse services for fixed-line, wireless, Wi-Fi, and broadbandnetworks, BSG monetizes network transactions by facilitating thefinancial exchange of its customers' services. BSG meets the needs oftoday's complex network interconnections and anticipates therequirements of converging technologies, allowing for rapid andreliable deployment. BSG Clearing Solutions is an operating subsidiaryof Billing Services Group Limited, which is publicly traded on theLondon Stock Exchange (AIM) under the ticker symbol BILL. For moreinformation, visit www.bsgclearing.com. £ All company or product names are trademarks and/or registeredtrademarks. Copyright Business Wire 2006