I must say that Marc Palombo's update was very professional and encouraging. The seeds he and his team have sowed are starting to sprout. I like the fact that Regulus is back and using our platform. Nice to hear about Allied Payment Networks Picture Pay intergration with Clearingworks. Dell alliance rolling out Clearingworks to clients and prospects. Big announcement with international payments player.
highlights-*UDWK entered mobile market with simply deposit mobile app soft launch. Ms. Doyle said it will be launced prime time this year. They are working in conjunction with RDM who is exposing this app to 4 of the top 10 banks in the US.
*ERJ gave UDWK 7,000 prospects for Clearingworks - they emailed them and met their targets for opens and Webinar registrations
*They will have their first 10 by 20 booth at NACHA
*They are attending BAI payments connect with Banker Bank partner
*They signed a four year agreement with TransCentra
*They are working with Allied Payment Network on Picture Pay - possibly integrating that into Clearingworks
*the Pipeline has tripled in size since the last conference call
*They are working with RDM using electronic bill presentment and payment*The cloud partnership with DELL was the 1st partnership with DELL cloud announced and picked up by CNBC*DELL wants to be a Clearingworks reseller - reaching Large cap companies and billers - and more as the year progresses*They just signed a large global software company - Press Release due out soon
*Just finished training with Burroughs sales staff - a HUGE company with many connections
*Chuck stated "I anticipate changes to be made in our financials - a little more patience and you'll see some progress" in the companies revenue.
*Marc stated "lot of good things on the horizon with us and DELL
Profitability was hampered by the stock based compensation awarded during the third quarter as per Randy Frapart the CFO. If this event had not occurred then UDW would have shown a small profit. The story is only getting better so stay tuned for news, developments and the nezt earnings release in July!
Hmmm, I wonder who is the global software company focused on accounting for small to medium businesses and processes credit card payments? I asked Google the same question and found Intuit, Global Payments Inc and some obscure company that reminded me of a spice or herb.
You are all just kids investing here aren't you - you have no idea what is going on do you -- you haven't been investing long enough to know what crappola this is all is - how management will spew hopes and dreams but in the end you get nothing. You post all kinds of little tid bits thining that it means something - that it is all part of the big plan. No - Marco is just another pawn in this big Chuckie pond so don't get all fuzzy and giggle OK -- in the end it is all crappola. Until YOU SEE THE MONEY don't trust them one bit OK. Boolean.