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Microcap & Penny Stocks : UDW - US Dataworks, Inc. Turnaround Play Under $1.00 -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Kirwin who wrote (12)	1/21/2006 8:29:10 PM
From: Thomas Kirwin	Respond to of 90

Here is another old favorite UDW write-up.... DECEMBER 22, 2003 INSIDE WALL STREET With US Dataworks, Checks Clear Pronto Check 21, the new law allowing electronic check clearing, has been a boon to Unisys: It signed up with 20 banks to "electronify" the process. Unisys stock rose from 13 in October to 17. But a bigger percentage gain was chalked up by tiny American Stock Exchange-listed US Dataworks (UDW ), up from 1.50 in June to 3.24 on Dec. 10. It makes software that lets banks transmit checks electronically. Citibank, Capital One, and some Federal Reserve banks use Dataworks. Brian Ladin of Bonanza Capital, which owns shares, says the stock will push higher as electronic check processing catches on. Dataworks' counsel John Figone says that, of the estimated 42 billion checks written each year, Dataworks could handle 1.3 billion when Check 21 takes effect, on Oct. 28, 2004. Industry sources say Dataworks, which has links with Thomson Financial, charges 4 cents to 7 cents per check. Paul Sethi of Vertical Ventures Investments, which owns shares, sees Dataworks in the black in 2004, earning 10 cents a share on sales of $6 million. In 2005, he sees 31 cents on $13 million, and in 2006, 67 cents on $23 million. Sethi sees the stock at 6 in a year.

To: Thomas Kirwin who wrote (12)	8/7/2006 8:55:04 PM
From: Thomas Kirwin	Respond to of 90

UDW Enterprise Value - Acquisition Price In a previous 10K US Dataworks identified eleven competitive vendors in the market; Bank One, BankServ, CheckAGAIN, CheckFast, Inc., The EFT Network, Inc., eFunds Corporation, Equifax Check Solutions, Global eTelecom, Inc., Integrated Check Technologies, LML Payment Systems, Princeton eCom, Provident Bank, SolutranXpressCheX, Inc., and RCK Services. It is very interesting to note that Online Resources (ORCC) recently acquired Princeton eCom for $180 million in cash, plus an earn-out of up to $10 million. If UDW were valued at the same dollar amount of $180 million our shares would be worth approximately $6.00 plus. Things that make you go hmmmmm........ P.S. CheckAgain was acquired by Fiserv (FISV) for an undisclosed amount and while not on the list Metavante purchased VECTORsgi a leader in check imaging for $135 million.