BILL.L Regulatory News (BILL)

17 Jan 2006 16:21

Billing Services Group Limited17 January 2006 For Immediate Release 17 January 2006 Billing Services Group Limited Launch of Live Settlement pilot project Billing Services Group Limited ("BSG" or the "Company"), the world's leadingsettlement and clearing enterprise, is pleased to announce the launch of itsadvanced Live Settlement Engine (LSE) designed to support the next generation ofnetwork communications services. BSG's Board of Directors has approved the next phase of investment in an LSEpilot project with two Tier One, European based telecommunications carriers.This joint development initiative will allow BSG to position itself at theforefront of product development and payment delivery for what is a "new era"for telecoms services. BSG's LSE is a real-time data clearing and financial settlement engine that willenable telecommunication companies to clear and settle IP services such as Voiceover IP (VoIP), Wireless Internet (WiFi) usage and e-payments for digitalcontent onto the phone bill. The new platform will enable total network andapplication convergence. By integrating BSG's LSE as a core component of a multi-operator micro paymentsand settlement solutions the Company will also get the opportunity to be thefirst partner company to develop solutions utilising the new platforms. Patrick J. Haynes, III, CEO of Billings Services Group Limited commented"We are excited about working closely with some of the leading Europeantelecommunication carriers. Our aim is to use an innovative approach to bringingnext generation services to market faster and more cost effectively, "BSG's global footprint, proven track record and commitment to operate as awhite label service fit well with the pilot's agenda." For further information please contact: Billing Services Group Ltd Tel: +1 847 832 0077Patrick J. Haynes III, Chief ExecutiveRandall Brouckman, Chief Operating Officer Buchanan Communications Tel: +44 (0)20 7466 5000Bobby Morse / Jeremy Garcia / James Strong About Billing Services Group Limited Billing Services Group Limited is a leading global provider of clearing,settlement, payment and financial risk management solutions for communicationsservice providers. The company processes over 15 billion transactions annuallyfor 570 of the world's largest communications companies throughout NorthAmerica, Europe and Asia. With a ubiquitous, scalable platform and an extensiveportfolio of clearinghouse services for wireless, fixed-line, WLAN, content andnext-generation networks, BSG monetizes network transactions by facilitating thefinancial exchange of its customers' services. BSG meets the needs of today'scomplex network interconnections and anticipates the requirements of convergingtechnologies, allowing for rapid and reliable deployment. BSG is publicly tradedon the London Stock Exchange (AIM) under the ticker symbol BILL. For moreinformation, visit www.billingservicesgroup.com. -END- This information is provided by RNS The company news service from the London Stock Exchange