Billing Services Group Limited Board Changes

BSG, one of the telecommunications industry's leading clearing and settlement, payment and financial risk-management-solutions groups, recently updated shareholders on two separate management initiatives—succession planning and cost reduction.

Greg Carter, president of BSG Clearing Solutions North America, will succeed Randall Brouckman as CEO for the Group effective immediately. Brouckman is standing down to concentrate on his personal interests.

Carter, 44, managed BSG’s San Antonio business since 2004 and was with one of BSG’s founding companies for ten years before the Group’s establishment. Carter has held no company directorships during the past five years and there are no further disclosures required to be made in respect of Carter with regard to paragraph (g) of Schedule 2 of the AIM Rules.

The company continues to trade in line with management’s expectations and will maintain its focus on rapid debt amortization and all other means to continue to create shareholder value.