- EXPANSYS director Tim Eltze will step down from the main board with immediate effect to focus entirely on the company's fast-growing US operations, of which he is president.

Eltze has been based in Chicago since late last year.

EXPANSYS views the US as one of the most significant growth opportunities for the group, both through its online retail channels and nationwide SIM card and prepaid solutions distribution.

In 2011 EXPANSYS signed its first major SIM card distribution agreement in the US with T-Mobile, one of the country's largest carriers, and has since then been successfully growing its mobile virtual network operator and distribution/reseller partner bases.

At 3:14pm: [LON:XPS] share price was +0.06p at 1.48p

Story provided by