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	8/27/2005 10:25:00 AM
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10QSB Highlights "Management believes that a month-to-month professional services contract with an existing major financial services customer that was executed in June 2005, together with a contemplated software licensing and maintenance services contract with this same customer may significantly reduce the negative cash flows from operations through March 31, 2006." "As discussed above, also in June 2005, we entered into a month-to-month contract with an existing customer, one of the country’s largest credit card and financial services companies, to provide professional services which we believe may result in revenues of up to approximately $1.2 million during the fiscal year ending March 31, 2006. Further, we believe this existing customer may also enter into our contemplated license and maintenance services contract for our Clearingworks™ product suite that may yield additional revenues of up to approximately $2.5 million."

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