US Dataworks, Inc. Hires Financial Services Industry Veteran as Senior Vice President
23 Abril 2009 - 8:21AM
PR Newswire (US)
- Mike Dignen to Drive Company's Revenue Growth Strategies -
HOUSTON, April 23 /PRNewswire-FirstCall/ -- US Dataworks, Inc.
(AMEX: UDW), a leading provider of enterprise payments solutions,
today announced the recent hiring of Michael J. Dignen as the
Company's Senior Vice President, Sales and Business Development. In
this capacity, Mr. Dignen, a 25-year veteran of the financial
services industry, will be responsible for driving the Company's
revenue growth strategies in new and existing markets. This newly
created position will report directly to Mario Villarreal, the
Company's President and Chief Operating Officer. This move is part
of the Company's commitment to revenue growth. Mr. Dignen will be
responsible for advancing the company's sales and visibility in new
and existing markets, leveraging its leadership in enterprise
payments solutions, an area in which the Company anticipates future
growth as institutions and billers combine check and ACH
processing. Mr. Dignen is widely recognized as one of the industry
thought leaders in the lockbox processing, receivables automation
and corporate treasury management arenas. Commenting on this
development, Mr. Villarreal stated, "Today's announcement
intensifies our focus on our core businesses and positions us to
accelerate our growth and leadership as we execute on our market
initiatives. US Dataworks will continue to invest in its people and
its infrastructure as we collaborate with our customers to face and
exceed the challenges of the emerging payments landscape." Mr.
Villarreal added, "We believe that Mike's outstanding sales track
record, payments expertise and commitment to customer success will
help us accelerate our strong momentum in the enterprise payments
market and take US Dataworks to the next level of growth and
profitability." Prior to joining the Company, Mr. Dignen served as
the Senior Vice President, National Account Management at Metavante
Corporation, where he led the sales efforts of its VICOR business
unit, a part of Metavante Image Solutions. During his tenure at
VICOR, Mr. Dignen was instrumental in driving significant annual
revenue growth and establishing VICOR as the leader in solutions
for optimized complex payments processing. Prior to his time at
VICOR, Mr. Dignen held various senior management positions for
CoreStates Financial Corporation. Mr. Dignen commented, "I am
excited to be working at US Dataworks because what others in the
industry are trying to do, US Dataworks has accomplished; that is
having an integrated enterprise platform in production today. It is
clear that every financial institution in the United States should
evaluate Clearingworks as their enterprise payments platform in
order to enjoy the business case benefits of an integrated payments
solution. We also intend to establish Clearingworks in new market
segments to further the growth, need and demand of our solution in
those respective areas." 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/. 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 solutions 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,
its ability to grow revenue, its ability to successfully execute
its business plans, 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 reports on Form 10-Q
for the periods ended June 30, 2008, September 30, 2008 and
December 31, 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
of 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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