HOUSTON, May 18 /PRNewswire-FirstCall/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK) 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."
About US Dataworks, Inc.
Payments automation solutions from US Dataworks help financial institutions, businesses and government entities deploy an enterprise payments and receivables infrastructure that processes and manages paper-based and electronic transactions more efficiently and with less risk. Designed to complement an organization's legacy systems and business processes, our enterprise payments solution delivers capabilities for payments processing, retail payments processing, check processing, payments decisioning, and returns management. Our agile enterprise payments approach is particularly important as organizations migrate from traditional paper-based payment and billing processes towards electronic payments and straight-through processing. For more information, visit www.usdataworks.com.
Certain statements made in this press release (other than the historical information contained herein) constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, but not limited to, statements regarding our expectation of continued growth, the benefits of our recent restructuring, the anticipated features and benefits of our new distribution payment capture solution, our vision for payment processing and our new solutions' ability to provide a higher return on investment for our clients. Any forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to, the failure of our new solution to perform as anticipated, our ability to provide long-term customer value and agility, our ability to protect our intellectual property, our position in the marketplace, our ability to develop and timely introduce products that address market demand, the impact of alternative technological advances and competitive products, market fluctuations), our ability to repay or refinance our debt, and other risks detailed from time to time in the SEC reports of US Dataworks, including its annual report on Form 10-K for the year ended March 31, 2009 and its quarterly report on Form 10-Q for the quarter ended September 30, 2009. These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.
CONTACTS: |
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Charles Ramey, CEO |
Donald C. Weinberger |
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US Dataworks, Inc. |
Wolfe Axelrod Weinberger Assoc. LLC |
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Tel. (281) 504-8100 |
Tel. (212) 370-4500 |
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Fax (212) 370-4505 |
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SOURCE US Dataworks, Inc.
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