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	9/11/2015 2:50:35 AM
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3/17/14 - Sugar Land Company's CEO Dies US Dataworks Inc. said Monday its longtime chairman and CEO died over the weekend. Charles Ramey died the morning of March 16 after suffering a severe heart attack, the Sugar Land-based payment processing technology company said. Joseph Saporito an outside director of the company, will take over as chairman, but Ramey’s board seat will remain unfilled for now. "Chuck was an outstanding leader who worked tirelessly for the benefit of all stakeholders of the company. He will be greatly missed,” Saporito said in the company’s statement. “Our thoughts and prayers are with Chuck's family during this difficult time." The company’s board of directors named John Penrod as the interim CEO, and he will retain his role as US Dataworks’ vice president of operations in addition to the new duties. "While we grieve for our loss, both professional and personal, the board and the management team remain focused on the day-to-day tasks at hand and on continuing to execute on our long-term business plan” Saporito said in the statement. “The board has the utmost confidence in John to lead the company through this transitional period."

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