BILL.L Regulatory News (BILL)

11 Oct 2006 07:01

Billing Services Group Limited11 October 2006 NEWS RELEASE Contacts:Julian Walker - Investor relationsGainsborough Communications Consultancy+44 (0)20 7190 1705jw@gainsboroughcomms.com Erin Brennan GilmoreBlanc & Otus Public Relations - US media relations+1 512 372 6653ebgilmore@blancandotus.com Elsacom Italy Selects BSG for Clearing and Settlement Services Agreement with Italian communications firm further extends BSG's European customer base LONDON - October 11, 2006 - BSG Clearing Solutions (BSG), a subsidiary ofBilling Services Group Limited (AIM:BILL), the telecom industry's clearing andsettlement provider, today announced an agreement with Elsacom Italy, anindependent gateway operator of Globalstar and provider of fixed and mobilesatellite services, to deliver GSM international roaming data and financialclearing services. Under the agreement, BSG will exchange and clear all data and financial recordsthat occur across Elsacom's GSM network of 50 international roaming partners.Services include determining operators' net cash positions and transactingforeign exchange of funds across various currencies, as well as providingbusiness intelligence reporting and the latest in TAP conversions. Atul Devani, CEO of BSG's wireless services commented, "Elsacom can now enjoyour transparent processes and sophisticated services like TAP creation andrating. We continue to extend our footprint in this market and this contract isa measure of our ongoing success." About Elsacom Elsacom, a Finmeccanica subsidiary specializing in telecommunications, offers awide-ranging portfolio of fixed and mobile satellite services. These servicescan be applied to fields as diverse as telephony, data transmission, globalpositioning, automated goods transport management, high-speed internetconnection and satellite video links. Elsacom is an independent gateway operatorof Globalstar for which it acts as distributor in many European countries. About Globalstar With over 200,000 activated satellite voice and data units, Globalstar offershigh value, high quality satellite services to commercial and recreational usersin more than 120 countries around the world. The company's voice and dataproducts include mobile and fixed satellite telephones, simplex and duplexsatellite data modems and flexible service packages. Many land based andmaritime industries benefit from Globalstar with increased productivity fromremote areas beyond cellular and landline service. Global customer segmentsinclude; oil and gas, government, mining, forestry, commercial fishing,utilities, military, transportation, heavy construction, emergency preparednessand business continuity as well as individual recreational users. Globalstardata solutions are ideal for various asset tracking, data monitoring and SCADAapplications. For more information regarding Globalstar, please visitGlobalstar's web site at www.globalstar.com About BSG Clearing Solutions BSG Clearing Solutions is a leading global provider of clearing and settlement,payment services, and financial risk management solutions for communicationsservice providers. The company processes over 20 billion transactions annuallyfor 750 of the world's largest communications companies throughout NorthAmerica, Europe and Asia. With a ubiquitous, scalable platform and an extensiveportfolio of clearinghouse services for fixed-line, wireless, Wi-Fi, andbroadband 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 Clearing Solutionsis an operating subsidiary of Billing Services Group Limited, which is publiclytraded on the London Stock Exchange (AIM) under the ticker symbol BILL. For moreinformation, visit www.bsgclearing.com. All company or product names are trademarks and/or registered trademarks. xxx This information is provided by RNS The company news service from the London Stock Exchange