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Exhibit
99.2
 
 FOR IMMEDIATE RELEASE
 CONTACTS:
 John Figone, SVP of Business Development
    
    Donald C. Weinberger/Alisa Steinberg (media)US Dataworks, Inc.
    
    Wolfe Axelrod Weinberger Assoc. LLC(713) 934-3855
    
    Tel. (212) 370-4500 Fax (212) 370-4505
 US DATAWORKS, INC. ANNOUNCES FISCAL SECOND QUARTER FINANCIAL RESULTS
 Houston, TX  November 14, 2007  US Dataworks, Inc. (AMEX: UDW),
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About US Dataworks, Inc.
 www.usdataworks.com
 Except for the historical information contained herein, the matters set forth in this
press release, including, but not limited to the Companys sources of revenue, anticipated
decrease in maintenance revenue and statements regarding our profitability and shareholder
value are forward-looking statements within the meaning of the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to differ materially,
including, but not limited to, the Companys position in the marketplace, our ability to
develop and timely introduce products that address market demand, the impact of alternative
technological advances and competitive products, market fluctuations, our ability to
execute our business plan and other risks detailed from time to time in the SEC reports of
US Dataworks, including its annual report on Form 10-KSB for the period ended March 31,
2007 and its quarterly report on Form 10-QSB for the period ended June 30, 2007. These
forward-looking statements speak only as of the date hereof. US Dataworks disclaims any
obligation to update these forward-looking statements.
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QUARTERLY INCOME STATEMENT DATA
 (UNAUDITED)
 Three months ended
    
    
    Six months endedSeptember 30,
    
    
    September 30,2007
    
    
    2006
    
    
    2007
    
    
    2006RevenuesSoftware licensing revenues
    
    
    36,922
    
    
    
    135,728
    
    
    
    106,922
    
    
    
    514,983Software transactional revenues
    
    
    389,880
    
    
    
    291,724
    
    
    
    779,389
    
    
    
    605,720Software maintenance revenues
    
    
    233,796
    
    
    
    102,783
    
    
    
    425,009
    
    
    
    206,549Software service revenues
    
    
    705,486
    
    
    
    1,291,438
    
    
    
    1,283,836
    
    
    
    1,709,5101,366,084
    
    
    
    1,821,673
    
    
    
    2,595,156
    
    
    
    3,036,762Cost of sales
    
    
    509,123
    
    
    
    497,428
    
    
    
    895,082
    
    
    
    1,019,728Gross profit
    
    
    856,961
    
    
    
    1,324,245
    
    
    
    1,700,074
    
    
    
    2,017,034Operating ExpensesGeneral and administrative
    
    
    1,686,875
    
    
    
    1,768,850
    
    
    
    3,328,008
    
    
    
    3,531,798Depreciation and amortization
    
    
    45,763
    
    
    
    34,581
    
    
    
    84,813
    
    
    
    67,6411,732,638
    
    
    
    1,803,431
    
    
    
    3,412,821
    
    
    
    3,599,439Loss from operations
    
    
    (875,677
    )
    
    
    (479,186
    )
    
    
    (1,712,747
    )
    
    
    (1,582,405
    )Other income (expense)Financing costs
    
    
    (25,976
    )
    
    
    
    
    
    
    (25,976
    )
    
    
    Interest expense
    
    
    (6,402
    )
    
    
    (78,606
    )
    
    
    (12,803
    )
    
    
    (170,778
    )Interest expense  related parties
    
    
    (10,938
    )
    
    
    
    
    
    
    (21,875
    )
    
    
    Gain/Loss on Derivatives
    
    
    73,235
    
    
    
    257,383
    
    
    
    58,382
    
    
    
    (156,071
    )Contingent liabilities loss
    
    
    
    
    
    
    222,600
    
    
    
    
    
    
    
    222,600Other income (expense)
    
    
    
    
    
    
    2,016
    
    
    
    
    
    
    
    10,49129,919
    
    
    
    403,393
    
    
    
    (2,272
    )
    
    
    (93,758
    )Loss before provision for income taxes
    
    
    (845,758
    )
    
    
    (75,793
    )
    
    
    (1,715,019
    )
    
    
    (1,676,163
    )Provision for income taxesNet loss
    
    
    (845,758
    )
    
    
    (75,793
    )
    
    
    (1,715,019
    )
    
    
    (1,676,163
    )Basic and diluted loss per share
    
    $
    (0.03
    )
    
    $
    (0.00
    )
    
    $
    (0.05
    )
    
    $
    (0.06
    )Basic and diluted weighted -average (adjusted
for reverse stock split 1:5)shares outstanding
    
    
    31,549,103
    
    
    
    30,560,591
    
    
    
    31,425,462
    
    
    
    30,415,806
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US DATAWORKS, INC.
Quarterly Balance Sheet Analysis
For the quarter ended September 30, 2007
(UNAUDITED)
 September 30,2007ASSETSCurrent assetsCash and cash equivalents
    
    
    118,047Accounts receivable, net allowance for doubtful accounts of $250,000
    
    
    1,031,544Accounts receivable, net of factored receivables of $169,239
    
    
    135,390Prepaid expenses and other current assets
    
    
    175,116Total current assets
    
    
    1,460,097Property and equipment, net
    
    
    566,849Goodwill, net
    
    
    14,133,629Other assets
    
    
    32,111Total assets
    
    
    16,192,686LIABILITIES AND SHAREHOLDERS EQUITYCurrent liabilitiesNotes payable  Current
    
    
    35,279Notes payable  related parties
    
    
    500,000Current portion of convertible promissory notes
    
    
    256,066Derivative Liability  Warrants
    
    
    16,873Deferred revenue
    
    
    358,384Accounts payable
    
    
    1,484,015Accrued expenses
    
    
    980,081Interest payable  related parties
    
    
    683Total current liabilities
    
    
    3,631,382Long term Note Payable
    
    
    70,557Total liabilities
    
    
    3,701,939Shareholders equityConvertible series A preferred stock, 0001 parConvertible series B preferred stock, 0001 par
    
    
    55Common Stock. 0001 par
    
    
    3,816Additional paid in capital
    
    
    64,618,244Accumulated deficit
    
    
    (52,131,368
    )Total shareholders equity
    
    
    12,490,747Total liabilities and shareholders equity
    
    
    16,192,686