Unassociated Document


    
      

      


      FOR
IMMEDIATE RELEASE

      


      CONTACTS:

      


      
        
          	
                  Charles
      Ramey, CEO

                	
                  Donald
      C. Weinberger

                
	
                  US
      Dataworks, Inc.

                	
                  Wolfe
      Axelrod Weinberger Assoc. LLC

                
	
                  Tel.
      (281) 504-8100

                	
                  Tel.
      (212) 370-4500 Fax (212)
370-4505

                


        

      

      


      


      US
DATAWORKS, INC. ANNOUNCES ADDITION OF CHIEF FINANCIAL OFFICER

      


      Houston, TX – July 30, 2009 -- US
Dataworks, Inc. (AMEX: UDW), a leading developer of payment processing
solutions, announced today that it has appointed Randall J. Frapart to serve as
its Chief Financial Officer, filling a previously existing vacancy.

      


      Commenting
on the addition of Mr. Frapart, Charles E. Ramey, the Company’s Chairman and
CEO, stated “Our CFO position is a critical function to fill as we continue to
grow the Company.  Randy has impressive credentials with his
strategic, forward thinking, hands-on approach and his 20-plus years of
experience in CFO roles at two software development and consulting companies
serving the financial and health insurance industries and at KPMG in
Chicago.  We are pleased to have someone as experienced as Randy join
our management team.”

      


      Prior to
joining the Company, from March 2008 to December 2008, Mr. Frapart served as
Chief Financial and Chief Operating Officer of Plumgood Food, LLC, an online
grocer providing the ordering and delivery of groceries. From January 2006 to
December 2007, Mr. Frapart served as Executive Vice President and Chief
Financial Officer of ForeFront Holdings Inc, a publicly traded global golf
accessory company. From September 2002 until December 2005, Mr. Frapart
served as Senior Vice President and Chief Financial Officer of HyperFeed
Technologies, Inc., a publicly traded provider of software, which provides
ticker plant and smart order routing technologies and managed services to
exchanges, hedge funds and other financial institutions. Mr. Frapart served
as Chief Financial Officer and later as Chief Executive Officer of Cyvent
Technologies, a software and consulting company serving large health insurers,
from April 1995 to July 2001. Mr. Frapart began his career at KPMG in
Chicago, where he held various positions in the Information, Communication and
Entertainment Assurance practice for over 12 years. Mr. Frapart received
his B.S. in Accounting from Washington University in St. Louis, has his MBA in
Management from the University of Texas and is a certified public
accountant.

      


      _______________________________

      


      About
US Dataworks, Inc.

      


      US
Dataworks is a developer of payment processing solutions, focused on the
Financial Services market, federal, state and local governments, billers and
retailers. Software developed by US Dataworks is designed to enable
organizations to transition from traditional paper-based payment and billing
processes to electronic solutions that automate end-to-end processes for
accepting and clearing checks.  Additional information about US
Dataworks is available at www.usdataworks.com.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
 

      


      


      Certain
statements made in this press release (other than the historical information
contained herein) constitute “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995, as amended, including, but
not limited to, statements regarding our expectation of continued growth, the
benefits of our recent restructuring, the anticipated features and benefits of
our new distribution payment capture solution, our vision for payment processing
and our new solutions’ ability to provide a higher return on investment for our
clients.  Any forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially, including, but
not limited to, the failure of our new solution to perform as anticipated, our
ability to provide long-term customer value and agility, our ability to protect
our intellectual property, our 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 avoid being delisted from the NYSE Alternext US
(formerly the American Stock Exchange), our ability to repay, refinance or
extend the maturity date of our debt, and other risks detailed from time to time
in the SEC reports of US Dataworks, including its annual report on Form 10-K for
the year ended March 31, 2009.  These forward-looking statements speak
only as of the date hereof. US Dataworks disclaims any obligation to update
these forward-looking statements.