US Dataworks Announces Progressive New Sales Initiative

SUGAR LAND, Texas, May 4, 2011 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in payment processing solutions, today announced that it has signed an agreement to partner with OptimizedNow™ to exponentially expand its sales and marketing initiatives utilizing its FullQuota™ business-to-business (B2B) marketing, lead generation, and inside sales channel for cloud-based businesses.  Terms of the agreement were not disclosed.    

Charles E. Ramey, Chairman and CEO of US Dataworks, commented, "We are pleased to announce that we have partnered with OptimizedNow to augment our cloud computing sales force and formally launched our new integrated, multi-channel marketing program for Clearingworks®, our enterprise class payment processing service that is currently processing millions of transactions each month for some of the largest entities in the world.  With the new cloud-based offering, the same enterprise class Clearingworks service is now available to small-to-mid sized entities that want to process smaller volumes of payments each month, thousands as opposed to millions, through the cloud."

Ramey continued, "Through a highly-structured, inside sales and marketing organization, we now provide a high-touch, proactive buying experience that cost-effectively drives qualified buyers to choosing our solutions.  Research shows that inside sales teams can reduce sale cycle length by over 50% vs. field based sales teams and, when managed properly, can reduce overall cost of sales by as much 40%.(1) Essentially, FullQuota provides US Dataworks the most sophisticated inside sales and marketing system available and we believe this revolutionary program will help us meet our new customer acquisition goals for the foreseeable future," added Ramey.  "We are very excited about our partnership deploying the FullQuota solution to drive our sales and look forward to updating investors on this relationship and its positive financial implications in our fiscal fourth quarter call."

About US Dataworks

US Dataworks offers cloud computing 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 on-demand 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 business initiatives, and other risks detailed from time to time in our SEC reports  including our Annual Report on Form 10-K/A(Amendment No. 2)  for the fiscal year ended March 31, 2010 filed with the SEC on February 22, 2011 and our Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2010 filed with the SEC February 22, 2011.  These forward-looking statements speak only as of the date hereof. US Dataworks disclaims any obligation to update these forward-looking statements.

(1) The Bridge Group, Inc.: 2010 Inside Sales Metrics and Compensation for Technology Companies

SOURCE US Dataworks, Inc.