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

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From: Thomas Kirwin3/30/2012 10:48:39 PM
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US Dataworks Launches Channel Partner Program

Strategically Selected Partners are Actively Promoting the Clearingworks® Payments Platform and Recently Released Apps to their Existing Customer Base and Target Markets

SUGAR LAND, Texas, March 26, 2012 /PRNewswire/ -- US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in payment processing solutions, today announced the launch of a Channel Partner program designed to strategically build a network of trusted advisors to sell, service and extend the Clearingworks payments platform.  Demand from the channel partners, combined with immediate customer acquisition opportunities, drove the signing of four partners prior to the official launch.

About the Program

The Channel Partner program, under the direction of Marc Palombo, US Dataworks' recently appointed Senior Vice President of Sales, is focused on recruiting strategic partners that share US Dataworks' core values of innovation and white glove support and service while extending the total solution provided by the Clearingworks payments platform. Marc draws on his extensive experience in building proven channel and reseller programs from his time working with other successful software companies such as Citrix Systems (CTXS), Microsoft (MSFT) and Deltek (PROJ).

Mr. Palombo commented, "After listening to feedback from the market it was obvious that developing a strong channel partner program is essential to rapidly getting the power of Clearingworks in the hands of businesses, government agencies and financial institutions. The payment processing world is changing rapidly and businesses that are stuck in a model that worked thirty years ago will find it tough to compete. Clearingworks and the cloud delivery model provide the freedom in payment processing that is needed for future growth.  We know that by selling and delivering our cloud platform through an extended network of world class channel partners will be the key to our growth plans in the U.S. and eventually in the international market."

Early Successes

The four initial channel partners signed increased US Dataworks' effective sales force to include more than 20 sales representatives covering the Northeast, Southeast and lower central states.  In addition, our channel partners add to the total solution by offering value-added services in the form of remittance processing services, check scanning hardware sales and cloud virtualization of servers.

Partners already signed to participate in the program include:

Technique Data Systems, a platinum level reseller of check scanning equipment and related services to banks, government agencies and independent software vendors.

Lighthouse Payment Services, a comprehensive service provider of outsourced wholesale and retail lockbox remittance processing for businesses, government agencies and banks, regardless of volume or complexity.

Vital Inc., a portal and strategic planning service, with practice areas focused on technology and financial services for non-profits, small businesses and state and local governments.

Virtualization Performance, an innovator in server virtualization and cloud hosting solutions for the companies looking to use a cloud infrastructure for their mission critical applications. 
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