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|Contacts:||Randy Frapart, CFO|
|US Dataworks, Inc.|
FOR IMMEDIATE RELEASE
|Ken Dennard, Managing Partner|
|Dennard - Lascar Associates, LLC|
US DATAWORKS ANNOUNCES FISCAL 2013 THIRD QUARTER RESULTS
SUGAR LAND, TX – February 14, 2013 – US Dataworks, Inc. (OTC Bulletin Board: UDWK), a leader in payment processing solutions, today announced its financial results for its fiscal 2013 third quarter ended December 31, 2012.
Revenue for the quarter ended December 31, 2012 was $1.8 million as compared to $1.8 million for the quarter ended December 31, 2011.
Net loss for the quarter ended December 31, 2012 was $230,865, or $0.01 per share, as compared to net income of $83,718, or $0.00 per diluted share, for the quarter ended December 31, 2011. Included in the net loss for the quarter ended December 31, 2012 is non-cash stock based compensation expense of $286,791 as compared to non-cash stock based compensation expense of $7,313 for the quarter ended December 31, 2011.
Conference Call Information
US Dataworks’ management has scheduled a conference call to review its fiscal 2013 third quarter results tomorrow February 15, 2013 at 12:00 p.m. Eastern time, 11:00 a.m. Central time. To listen to the call, dial (480) 629-9771 at least 10 minutes before the call begins and ask for US Dataworks’ conference call. A replay of the call will be available approximately two hours after the live broadcast ends and will be accessible until February 22, 2013. To access the replay, dial (303) 590-3030 using a pass code of 4599261#.
Investors, analysts and the general public will also have the opportunity to listen to the conference call over the Internet by visiting www.usdataworks.com. To listen to the live call on the web, please visit the Company’s web site at least fifteen minutes before the call begins to register, download and install any necessary audio software. For those who cannot listen to the live webcast, an archive will be available shortly after the call.
The following information was filed by Us Dataworks Inc (UDWK) on Thursday, February 14, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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