Source: US Datawork
US Datawork, a leading innovator of payment processing solutions, announced today that it has submitted to the American Stock Exchange, a Compliance Plan in response to the Exchange's letter of July 23, 2008 informing the Company that it is not in compliance with certain of the Exchange's continued listing standards as set forth in Part 10 of the AMEX Company Guide (the "Company Guide") and the Company has therefore become subject to the procedures and requirements of Section 1009 of the Company Guide.
"We have prepared a Compliance Plan to address the requirements outlined by the Exchange in their letter of July 23, 2008. The Plan was respectively submitted to the Exchange on August 27, 2008," says US Dataworks Chairman and CEO Charles Ramey. "It is our belief that we have provided a Plan that will result in the Company's compliance within the timeframe requested by the Exchange."