Microcap & Penny StocksUDW - US Dataworks, Inc. Turnaround Play Under $1.00

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From: Thomas Kirwin5/9/2010 7:20:49 AM
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04/26/10 - US Dataworks Unveils ClearHistory: Suite of Innovative Archive and Analytics Solutions Specially Designed for Multi-Channel Payments Environments

HOUSTON, April 26, 2010 /PRNewswire via COMTEX News Network/ -- US Dataworks (Amex: UDW) -- Extending the business benefits of its enterprise payments platform, US Dataworks today announced the availability of ClearHistory(R), a suite of solutions that streamline the storage, management and reporting of information from any payments processing or clearing channel. ClearHistory currently features two modules: Payment Archive and Payment Analyzer. US Dataworks has a contracted purchase of the solution and will be showcasing ClearHistory along with Clearingworks(R) enterprise payments platform at NACHA's PAYMENTS 2010 event at the Washington State Convention Center in Seattle. US Dataworks is exhibiting in booth 322.

"Today, financial institutions, corporate billers, and government entities are challenged to manage images and data from multiple payments channels, and to provide a high-level of data protection, data accessibility, and data tracking and reporting for compliance," stated US Dataworks President and COO Mario Villarreal. "Adding to these challenges are ever-increasing demands for real-time analytics to improve corporate agility and customer responsiveness. Traditional siloed payment archives are too costly, too inefficient and too fragmented to be effective. US Dataworks believes the solution is clear: ClearHistory."

ClearHistory combines substantial scalability and long-term information retention capabilities with integrated high-speed search, retrieval and reporting to reduce operations costs and streamline compliance. Leveraging next generation data warehousing and management technology, ClearHistory is the only platform that enables consolidation of data and images from any payment channel into a single, centrally-managed solution.

ClearHistory Payment Archive optimizes the management of information from any payment channel, reducing costs and eliminating data silos, while meeting compliance and reporting requirements. The highly flexible archive solution is specially designed for managing payments information across an enterprise. ClearHistory Payment Archive seamlessly integrates with the Clearingworks enterprise payments platform but can also be used in conjunction with any remittance or transaction processing application available on the market today. The platform can also accept images and data from any legacy image archive.

ClearHistory Payment Archive uses an advanced data warehouse architecture that ensures reliability and availability of large information volumes and optimizes search performance. Extensive volumes of data and information can be supported and stored for an unlimited length of time. The JAVA-based ClearHistory platform runs on both Windows and UNIX platforms and offers native support for industry-leading database environments such as Oracle, Postgres and DB2.

ClearHistory Payment Analyzer is a powerful, first-of-its-kind solution that provides robust, user-configurable data analytics across all payment processing and clearing channels. The charts, graphs and data can be used to quickly evaluate trends during a processing day, as well as trends by day of the week, month-to-month, year-to-year and more. It can drive reporting, audits, CRM, operator statistics, and forecasting.

"Demands for information reporting and analysis have never been greater," Villarreal said. "Key decisions depend on the ability to accurately monitor, measure and predict operational needs and payment trends. Most organizations try to bridge legacy payment silos, only to find themselves left wanting, despite a huge effort to integrate, report and analyze data across channels. Payment Analyzer's ad-hoc reporting eliminates weeks of programming effort."

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From: Thomas Kirwin5/9/2010 7:22:05 AM
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04/30/10 - US Dataworks, Inc. Announces Delisting of Its Common Stock From the NYSE Amex

HOUSTON, April 30, 2010 /PRNewswire via COMTEX News Network/ -- US Dataworks, Inc. (Amex: UDW) announced today that, following the April 13, 2010 oral hearing before the NYSE Amex Listing Qualifications Panel (the "Panel"), the Panel informed the Company of its determination to affirm the Exchange Staff's earlier determination to delist the Company's securities from the Exchange. The delisting is expected to become effective at the close of market on May 4, 2010.

Although the Company is in the process of, through a market maker, getting its securities quoted on the OTC Bulletin Board (the "OTC-BB"), following the effectiveness of the delisting of the Company's securities from the NYSE Amex, the Company cannot give any assurance that there will be any market maker for the Company's securities to be quoted on the OTC-BB or that such securities will be traded on any market. The Company currently anticipates that its securities may be quoted in the National Daily Quotation Sheets, commonly referred to as the "pink sheets," published by the National Quotation Bureau LLC.

"Surely we are disappointed with this outcome," remarked Charles Ramey, CEO of US Dataworks. "However, in light of the recent successes of the Company's current operational, business and financial initiatives, we are very optimistic that the marketplace will validate the Company's efforts and direction," he added. Mr. Ramey concluded that "the fundamentals of the Company's model remain very strong and we will continue working toward maximizing value of our shareholders, including eventually returning to a national securities exchange."

The Company will continue to file periodic reports with the SEC pursuant to the requirements of the Securities Exchange Act of 1934, as amended.

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From: Thomas Kirwin5/29/2010 7:58:03 AM
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cMoney Launch Delayed Until Fall

Directly from the cMoney web site. Initial launch was supposed to be spring then summer now fall. At least they paid UDWK a cool million dollars to seal the deal. Wonder what the details of the warrant are?

Is C$ cMoney ready for widespread adoption of financial services trough cell phones?

Yes. Once we launch our product this fall, our state-of-the-art technology, strategic alliances, core team of experts and excellent management, backed by robust and secure transaction servers, will allow our consumers the ease of immediate access and transfer of funds, with the same response time they have come to expect whilst swiping their existing credit cards.

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To: Thomas Kirwin who wrote (81)6/19/2010 8:10:17 AM
From: Thomas Kirwin
   of 90
05/18/10 - US Dataworks Begins Trading on the OTC Bulletin Board

HOUSTON, May 18 /PRNewswire-FirstCall/ -- US Dataworks, Inc. (OTC Bulletin Board:UDWK.ob) announced that its common stock began trading on the OTC Bulletin Board under the symbol "UDWK.OB" effective at today's market open. Charles E. Ramey, Chairman and CEO of the Company, commented, "We are pleased to have successfully transitioned to the OTC Bulletin Board and look forward to the efficiency and transparency that this trading platform will bring to the market for our shares."

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To: Thomas Kirwin who wrote (83)6/19/2010 8:11:32 AM
From: Thomas Kirwin
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05/25/10 - US Dataworks Achieves Record Growth in Web Transactions

- Continued leadership in ARC, and growth in check image exchange, WEB, POP and BOC transactions, strengthens US Dataworks' position as the leader in enterprise payments -
HOUSTON, May 25 /PRNewswire-FirstCall/ -- US Dataworks, Inc. (OTC Bulletin Board:UDWK.ob) the long-time leader in Accounts Receivable Check (ARC) Conversion, today announced that it achieved record volume growth last year in Internet-initiated Automated Clearing House (ACH) transactions, and steady growth in check image exchange volume, strengthening its position as the market leader in enterprise payments solutions.

While US Dataworks maintains its position as the ARC Volume leader with a 40% market share in calendar year 2009, the company also secured an expanded share of the WEB transaction volume reported by NACHA during the same year. As a result of this growth, US Dataworks processed 6% of all WEB Standard Entry Class Code transactions in the U.S. last year, up from a 1% volume share in calendar 2008, based on NACHA statistics. Additionally, US Dataworks achieved 4% volume growth in Back Office Conversion (BOC) and Point of Purchase (POP) ACH transactions in calendar 2009, compared to the previous calendar year, while recording a 23% increase in check image exchange volumes in calendar 2009 as compared to calendar 2008.

"A lot of vendors talk about integrating payments channels but NACHA's most recent statistics prove that US Dataworks remains the leader in this space," said US Dataworks President and COO Mario Villarreal. Mr. Villarreal continued, "US Dataworks plans to build on this momentum by investing in its technology and people to deliver the enterprise payments solutions that the market is demanding."

Since 2006, US Dataworks has expanded its Clearingworks® payments processing and clearing application into a true enterprise payments platform, or integrated payments hub. Last month, US Dataworks introduced ClearHistory®, a revolutionary payment history solution that simplifies and consolidates the long-term storage of all payment transactions, regardless of source. In addition, ClearHistory is the first solution to provide a powerful analytics tool designed to unleash the power of this consolidated payment information. By eliminating traditional payment silos, Clearingworks and ClearHistory help financial institutions, utilities, retailers and government entities, reduce costs, mitigate risk, and increase visibility into their payments information.

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To: Thomas Kirwin who wrote (84)6/26/2010 1:38:25 PM
From: Thomas Kirwin
   of 90
06/25/10 - US Dataworks, Inc. Announces Conference Call for Fiscal Fourth Quarter and Year End Financial Results

HOUSTON, June 25, 2010 /PRNewswire via COMTEX News Network/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), the long-time leader in Accounts Receivable Check (ARC) Conversion, announced today it will report its financial results for fiscal fourth quarter and year ended March 31, 2010 on Tuesday, June 29, 2010, before the financial markets open. The announcement will be followed by a conference call at 11:00 AM EDT with the investment community.

Interested parties may participate in the call by dialing (877) 869-3847; international callers dial (201) 689-8261 about 5-10 minutes prior to 11:00 AM EDT. The conference call will also be available on replay starting at 1:00 pm EDT on June 29, 2010, and ending on July 6, 2010. For the replay, please dial (877) 660-6853 (replay account # 269, replay conference #353114). The access number for the replay for international callers is (201) 612-7415 (replay account # 269, replay conference #353114).

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From: Thomas Kirwin9/27/2010 7:42:29 PM
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Napkin Math - 2011 EPS and Beyond
1) 2011 total goal of transactions under management is double the 1.5 Billion already under management or 3 Billion.

2) 2014 total goal of transactions under management is 30 Billion

3) EPS for next year is predicted to be $0.06 to $0.08 - an average of $0.07 eps.

Given the above assumptions/guesstimates if 3 Billion transactions will produce an average of $0.07 eps then the projected 2014 goal of 30 Billion transactions under management which is ten times (10x) the 2011 projection then the eps could grow to an average of $0.70 eps (10 x $0.07). WOW!

Taking this model forward the stock price would be:

PE x EPS = Stock Price
20 x $0.70 = $14.00

Note: 20 PE assigned for high growth rate. Many of the assumptions may be faulty and fail to play out.

Please check my math and feel free to make any comments or add viewpoints. Use caution regarding my assumptions as the simplistic ratio formula does not take into account sales cycle dips, economic environment impacts, competition or lack of commitment by prospects to make a change or investment in a new system.

Disclaimer: Each investor is encouraged to perform their own due-diligence and not use my analysis as a basis for making an investment in UDWK.

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From: Thomas Kirwin3/30/2012 10:48:39 PM
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US Dataworks Launches Channel Partner Program

Strategically Selected Partners are Actively Promoting the Clearingworks® Payments Platform and Recently Released Apps to their Existing Customer Base and Target Markets

SUGAR LAND, Texas, March 26, 2012 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in payment processing solutions, today announced the launch of a Channel Partner program designed to strategically build a network of trusted advisors to sell, service and extend the Clearingworks payments platform.  Demand from the channel partners, combined with immediate customer acquisition opportunities, drove the signing of four partners prior to the official launch.

About the Program

The Channel Partner program, under the direction of Marc Palombo, US Dataworks' recently appointed Senior Vice President of Sales, is focused on recruiting strategic partners that share US Dataworks' core values of innovation and white glove support and service while extending the total solution provided by the Clearingworks payments platform. Marc draws on his extensive experience in building proven channel and reseller programs from his time working with other successful software companies such as Citrix Systems (CTXS), Microsoft (MSFT) and Deltek (PROJ).

Mr. Palombo commented, "After listening to feedback from the market it was obvious that developing a strong channel partner program is essential to rapidly getting the power of Clearingworks in the hands of businesses, government agencies and financial institutions. The payment processing world is changing rapidly and businesses that are stuck in a model that worked thirty years ago will find it tough to compete. Clearingworks and the cloud delivery model provide the freedom in payment processing that is needed for future growth.  We know that by selling and delivering our cloud platform through an extended network of world class channel partners will be the key to our growth plans in the U.S. and eventually in the international market."

Early Successes

The four initial channel partners signed increased US Dataworks' effective sales force to include more than 20 sales representatives covering the Northeast, Southeast and lower central states.  In addition, our channel partners add to the total solution by offering value-added services in the form of remittance processing services, check scanning hardware sales and cloud virtualization of servers.

Partners already signed to participate in the program include:

Technique Data Systems, a platinum level reseller of check scanning equipment and related services to banks, government agencies and independent software vendors.

Lighthouse Payment Services, a comprehensive service provider of outsourced wholesale and retail lockbox remittance processing for businesses, government agencies and banks, regardless of volume or complexity.

Vital Inc., a portal and strategic planning service, with practice areas focused on technology and financial services for non-profits, small businesses and state and local governments.

Virtualization Performance, an innovator in server virtualization and cloud hosting solutions for the companies looking to use a cloud infrastructure for their mission critical applications. 

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From: Thomas Kirwin9/11/2015 2:50:35 AM
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3/17/14 - Sugar Land Company's CEO Dies

US Dataworks Inc. said Monday its longtime chairman and CEO died over the weekend.

Charles Ramey died the morning of March 16 after suffering a severe heart attack, the Sugar Land-based payment processing technology company said.

Joseph Saporito an outside director of the company, will take over as chairman, but Ramey’s board seat will remain unfilled for now.

"Chuck was an outstanding leader who worked tirelessly for the benefit of all stakeholders of the company. He will be greatly missed,” Saporito said in the company’s statement. “Our thoughts and prayers are with Chuck's family during this difficult time."

The company’s board of directors named John Penrod as the interim CEO, and he will retain his role as US Dataworks’ vice president of operations in addition to the new duties.

"While we grieve for our loss, both professional and personal, the board and the management team remain focused on the day-to-day tasks at hand and on continuing to execute on our long-term business plan” Saporito said in the statement. “The board has the utmost confidence in John to lead the company through this transitional period."

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From: Thomas Kirwin9/11/2015 3:09:58 AM
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11/03/14 - US Dataworks Shakes Up Receivables Processing by Integrating with Coinbase to Accept Bitcoin Payments

Mainstream Businesses that Rely on US Dataworks for Receivables Processing Can Now Benefit by Accepting Bitcoin Payments without Changes to Their Existing Systems

SUGAR LAND, Texas, Nov. 3, 2014 /PRNewswire/ -- US Dataworks, Inc. (OTC PinkSheets: UDWK), a leader in payment processing solutions, today announced the ability to accept bitcoin payments into its Integrated Receivables Platform. Through a partnership with Coinbase, US Dataworks clients can now accept bitcoin payments as part of a standard receivables processing workflow.

Accepting bitcoin payments as part of the Clearingworks solution offers key benefits:

Simplify cross-border payments
  • Reduce interchange fees
  • Eliminate chargebacks and reduce online fraud
  • Eliminate payment re-association for accounts receivable posting
  • Demonstrate the power of the Integrated Receivables Platform
  • In addition, payments received in bitcoin are immediately converted to U.S. dollars via Coinbase, further simplifying any currency risk or need for hedging. With 1.7 million users and 37,000 merchants in 19 countries, Coinbase is the most popular bitcoin wallet and the easiest way to securely buy, use and accept bitcoin.

    John Penrod, CEO of US Dataworks, commented, "We recognize that receivables processing is growing more complex as new electronic payment methods are adopted. Clearingworks removes this complexity by accepting all forms of payments and remittance information, including bitcoin. Coinbase offers the technological solution and partner approach that are essential to our success in bringing bitcoin to our traditional receivables processing clients."

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