13 Aug 2010 07:00
For Immediate Release
Billing Services Group Limited ('BSG' or the 'Company') Board Changes
August 13, 2010 - BSG (AIM: BILL), a leading provider of clearing, settlement, payment and financial risk management solutions to the telecommunications industry, today announces the appointment of Thomas Henry Richter as a non-executive director of the Company effective August 12, 2010. Mr. Richter will serve on the Board's audit and nomination committees and, in the case of the audit committee, act as the chairman.
Mr. Richter, 59 years of age, is a certified public accountant and a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants with over 35 years of experience.
Mr. Richter graduated from Texas A&M University with a BBA in 1972, and joined Ernst & Young LLP, becoming a partner of that firm in 1984 until his retirement in 2009. Mr. Richter's practice involved auditing financial statements and providing consulting services. From December 2000 to March 2009, Mr. Richter was the partner of Ernst & Young responsible for the provision of audit services to BSG and its predecessor entities.
BSG also announces that Mr. J. Alan Lindauer has retired from the Board for health reasons effective August 12, 2010. Mr. Lindauer served as a non-executive member of the Board, a member of the nominating committee and chair of the audit committee from 2005 until his retirement.
Patrick Heneghan, Chairman of BSG, commented: "We are delighted to welcome Tom to the Board, and look forward to his leadership, both as a Board member and as chair of the audit committee. Tom's breadth and depth of experience as an E&Y partner, having been involved with many dozens of businesses, will bring invaluable insight to everyone at the Company. Separately, on behalf of the Board, the management team and every employee of BSG, I offer Alan our heartfelt thanks for his many years of dedicated service to BSG. His guidance and focus assisted us in our growth and continuing in our role as a preeminent clearing and settlement powerhouse."
No further information regarding the appointment of Mr. Richter to the Board is required to be disclosed under Schedule 2, paragraph (g) of the AIM Rules.
Inquiries:
Billing Services Group Limited +1 210 949 7000
Greg Carter
Norm Phipps
Evolution Securities Limited +44 (0) 20 7071 4300
Stuart Andrews
Media Relations
Leslie Komet Ausburn +1 210 479 7255
+1 210 326 8992
About BSG
Billing Services Group Limited is headquartered in San Antonio, Texas, USA and traded on the London Stock Exchange (AIM: BILL). For over 20 years, BSG has been a leading provider of clearing, settlement, payment and financial risk management solutions for the telecommunications industry, merchants and online stores. For more information on BSG, visit www.bsgclearing.com.
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