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US Dataworks Announces Strategic New Direction:
Clearingworks® Cloud Delivery of Payment Processing
HOUSTON, Jan. 11, 2011 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board and OTC Pink Sheets: UDWK), a leader in enterprise payment solutions, today announced a strategic new direction for the Company with the launch of its Clearingworks® payment processing platform as an on-demand cloud-computing service.
This new Clearingworks solution is a cloud-based payment processing service that positions the company to participate in a fast and rapidly growing market segment. Gartner, a leading information and technology research and advisory company, has identified cloud-based payment processing a major growth sector, expected to be a $2.6 billion market by 2013 with a compound annual growth rate of 54%.
Charles E. Ramey, Chairman and CEO of US Dataworks, commented, "Creating a simpler, cost effective option for payment processing was our goal, and we have delivered with Clearingworks. Using cloud delivery technology we are able to offer an all-encompassing, comprehensive, integrated, multi-channel streamlined payment processing service that saves our clients 20%-60% on their payment processing costs. In addition, by bringing this new service to the market, it strategically positions our Company to pursue and participate in this rapidly growing market segment."
With over 8 million transactions processed each day, Clearingworks is an enterprise-proven solution for the payment processing needs of companies of all sizes and shapes. Our new website, http://www.clearingworks.com includes the Clearingworks Payment Savings Analyzer(TM) that allows visitors to receive an instant free report showing how much they can save with Clearingworks.
Additional information about Clearingworks as well as US Dataworks can be found on the company's website at http://www.usdataworks.com.
About US Dataworks
US Dataworks offers on-demand payment processing services with proven enterprise-class payment, deposit, returns processing, and powerful payment analytic tools. US Dataworks is a trusted payments provider to utilities, telecommunications providers, content providers, financial institutions and government agencies.
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 expectations relative to our Clearingworks Cloud Computing Platform . 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, our ability to realize the anticipated benefits from our SaaS, ClearHistory and Mobile Payments initiatives, and other risks detailed from time to time in our SEC reports including our Annual Report on Form 10-K for the fiscal year ended March 31, 2010. These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.
Contact info:
CONTACT: Randy Frapart
EMAIL: rfrapart@usdataworks.com
PHONE # 281-504-8026
SOURCE US Dataworks, Inc.
US Dataworks, Inc.
CONTACT: : Randy Frapart of US Dataworks, Inc., +1-281-504-8026, rfrapart@usdataworks.com
Web Site: http://www.usdataworks.com
US Dataworks Announces Strategic New Direction:
Clearingworks® Cloud Delivery of Payment Processing
HOUSTON, Jan. 11, 2011 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board and OTC Pink Sheets: UDWK), a leader in enterprise payment solutions, today announced a strategic new direction for the Company with the launch of its Clearingworks® payment processing platform as an on-demand cloud-computing service.
This new Clearingworks solution is a cloud-based payment processing service that positions the company to participate in a fast and rapidly growing market segment. Gartner, a leading information and technology research and advisory company, has identified cloud-based payment processing a major growth sector, expected to be a $2.6 billion market by 2013 with a compound annual growth rate of 54%.
Charles E. Ramey, Chairman and CEO of US Dataworks, commented, "Creating a simpler, cost effective option for payment processing was our goal, and we have delivered with Clearingworks. Using cloud delivery technology we are able to offer an all-encompassing, comprehensive, integrated, multi-channel streamlined payment processing service that saves our clients 20%-60% on their payment processing costs. In addition, by bringing this new service to the market, it strategically positions our Company to pursue and participate in this rapidly growing market segment."
With over 8 million transactions processed each day, Clearingworks is an enterprise-proven solution for the payment processing needs of companies of all sizes and shapes. Our new website, http://www.clearingworks.com includes the Clearingworks Payment Savings Analyzer(TM) that allows visitors to receive an instant free report showing how much they can save with Clearingworks.
Additional information about Clearingworks as well as US Dataworks can be found on the company's website at http://www.usdataworks.com.
About US Dataworks
US Dataworks offers on-demand payment processing services with proven enterprise-class payment, deposit, returns processing, and powerful payment analytic tools. US Dataworks is a trusted payments provider to utilities, telecommunications providers, content providers, financial institutions and government agencies.
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 expectations relative to our Clearingworks Cloud Computing Platform . 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, our ability to realize the anticipated benefits from our SaaS, ClearHistory and Mobile Payments initiatives, and other risks detailed from time to time in our SEC reports including our Annual Report on Form 10-K for the fiscal year ended March 31, 2010. These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.
Contact info:
CONTACT: Randy Frapart
EMAIL: rfrapart@usdataworks.com
PHONE # 281-504-8026
SOURCE US Dataworks, Inc.
US Dataworks, Inc.
CONTACT: : Randy Frapart of US Dataworks, Inc., +1-281-504-8026, rfrapart@usdataworks.com
Web Site: http://www.usdataworks.com