US Dataworks, Inc. Announces Addition of Two New Directors
21 February 2009 - 1:00AM
PR Newswire (US)
HOUSTON, Feb. 20 /PRNewswire-FirstCall/ -- US Dataworks, Inc.
(AMEX:UDW), a leading developer of payment processing solutions,
announced today that Anna Cheng Catalano and G. Richard "Rick"
Hicks have joined the Company's Board of Directors. Ms. Catalano
held the top marketing position at BP, PLC from 2000 to 2003 as its
Group Vice President, Marketing of BP, PLC and served as the Group
Vice President, New Markets, of BP, PLC from 1999 to 2000. From
1997 to 1999, Ms. Catalano served as the Senior Vice President,
Sales Operations for Amoco and served as its Vice President,
International Business Development from 1996 to 1997. From 1994 to
1996, Ms. Catalano served as the President of Amoco Orient Oil
Company. Since 2003, Ms. Catalano has managed an active board
portfolio, formerly serving on the boards of Hercules Incorporated,
SSL International PLC, Aviva PLC and currently serving as a board
member of Willis Group Holdings and as an advisory board member of
BT Global Services and Amyris Biotechnologies. Ms. Catalano also
serves as a board member of the Houston Chapter of the Alzheimer's
Association and as an advisory board member of the Houston Chapter
of the Juvenile Diabetes Research Foundation. Ms. Catalano received
her B.S. in Marketing and Business Administration from the
University of Illinois, Champaign-Urbana in 1982. Mr. Hicks has
served as the Chairman of the Institute of Molecular Medical
Sciences since 1992. Prior to joining the Institute of Molecular
Medical Sciences, Mr. Hicks served as the Executive Vice President
of the Linus Pauling Institute of Science and Medicine from 1977 to
1992 and as the Vice President and Assistant to the CEO of Dean
Witter from 1959 to 1977. Mr. Hicks received his B.S. in Finance
from the University of Notre Dame in 1955. Commenting on the new
directors, Charles E. Ramey, the Company's Chairman and CEO,
stated, "We are extremely pleased to have added Anna and Rick to
our Board of Directors. Both bring a wealth of experience and
expertise that will nicely complement that of our current Board. We
welcome them to the management team and look forward to working
with them and enjoying the fruits of their contributions to the
continued successes of the Company." 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 http://www.usdataworks.com/. Except for the historical
information contained herein, the matters set forth in this press
release, 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, the Company's
position in the marketplace, its ability to develop and timely
introduce products that address market demand, the impact of
alternative technological advances and competitive products, market
fluctuations 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, 2008 and its quarterly report on
Form 10-Q for the period ended September 30, 2008. These
forward-looking statements speak only as of the date hereof. US
Dataworks disclaims any obligation to update these forward-looking
statements. 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 DATASOURCE: US
Dataworks, Inc. CONTACT: Charles Ramey, CEO, US Dataworks, Inc.,
+1-281-504-8100; or Donald C. Weinberger of Wolfe Axelrod
Weinberger Assoc. LLC, +1-212-370-4500, Fax +1-212-370-4505 Web
Site: http://www.usdataworks.com/
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