UDW - US Dataworks, Inc. Turnaround Play Under $1.00 Message Board

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Microcap & Penny Stocks : UDW - US Dataworks, Inc. Turnaround Play Under $1.00

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From: Thomas Kirwin	7/8/2007 3:18:23 AM
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US Dataworks / Hyundai Syscomm Joint Venture Generates Transaction Valued at $3.5 Million HOUSTON, May 15, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- US Dataworks, Inc. (Amex: UDW), a leading developer of payment processing solutions announced that through the joint venture with Hyundai Syscomm Corp., doing business as mComm, it shipped the initial 200 ATM units of a total 700 unit order, the total of which being valued at $3.5 million, during the 4Q 2007. The Company anticipates the remaining 500 ATM units to be shipped this quarter. "We are delighted with our partnership with Hyundai," says US Dataworks CEO Charles E. Ramey. "We believe through this joint venture we will make significant headway in this new revenue channel." Adds Hyundai RFmon Corp. Chairman Wendell Balc, the designated distribution channel for mComm, "Our preliminary evaluation of this market remains very strong and we anticipate securing significant additional orders in the very near future."

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