Access Worldwide Provides Early Indication of Quarter and Year End Revenue Results
03 February 2007 - 2:34AM
PR Newswire (US)
ARLINGTON, Va., Feb. 2 /PRNewswire-FirstCall/ -- Access Worldwide
Communications, Inc. (OTC:AWWC) (BULLETIN BOARD: AWWC) , a Business
Process Outsourcing ("BPO") services company, today reported an
early indication of its revenue results for the three months and
year ended December 31, 2006. These preliminary results may be
subject to significant adjustment as a result of the audit process
by the Company's independent auditors. Definitive fourth quarter
and year end results will be disclosed in the 2006 Access Worldwide
Annual Report on Form 10-K. Our revenues from continued operations
were approximately $8.0 million and $27.3 million for the three
months and year ended December 31, 2006, compared to $4.7 million
and $14.8 million for the three months and year ended December 31,
2005. We expect to see continued improvement in both our U.S. and
Philippines operations and overall operating performance during
fiscal year 2007. "Two of our business objectives in 2007 will be
to continue to grow our business development team and our offshore
operations. In Manila, we are at full capacity in our first
facility, and our second 350 production seat facility is scheduled
to start production in February. The addition of our second
facility will provide us with approximately 700 production seats in
the Philippines," commented Shawkat Raslan, Chairman, President and
Chief Executive Officer of Access Worldwide. "We are very pleased
with the performance of our domestic operations and expect this
positive momentum to carry into 2007. Although we are showing
improvement, we still have a lot of work to do. We will work
diligently to continue to improve performance and enhance our
position both on and off shore in 2007." About the Company Access
Worldwide Communications, Inc. (OTC:AWWCOTC:-OTC:News) (BULLETIN
BOARD: AWWC - News) , is a leading business process outsourcing
("BPO") services provider that offers customer management and BPO
services from its offices in the United States and the Philippines.
Headquartered in Arlington, Virginia, with approximately 1,000
employees worldwide, Access supports clients in a variety of
industries, including financial services, technology,
telecommunications, consumer products, and Media. More information
is available at http://www.accessww.com/. This press release
contains forward-looking statements about the Company's estimated
revenue and profit, and the potential for significant adjustments
to the financial results included in this release. These statements
involve risks and uncertainties, and actual results may differ.
Risks and uncertainties include the outcome of the pending audit
described above, and the possible restatement of the Company's
financial statements or results. Such statements involve known or
unknown risks, uncertainties and other factors that may cause the
actual results to differ materially from those expressed or implied
by such forward-looking statements. Other factors that could cause
actual results to differ materially from those expressed or implied
by such forward-looking statements, include, but are not limited
to, the following: Our ability to continue as a going concern if we
are unable to generate cash flow and income from operations;
competition from other third-party providers and those clients and
prospects who may decide to do work in-house that we currently do
for them; our ability to successfully operate our facilities in
both the U.S. and the Philippines; potential consumer saturation
reducing the need for services; our ability and clients' ability to
comply with state, federal and industry regulations; our reliance
on a limited number of major clients and the reduction in services
performed for or the loss of one or more major clients; our ability
to develop or fund the operations of new products or service
offerings; our reliance on technology; our reliance on key
personnel and labor force and our ability to recruit additional
personnel. For a more detailed discussion of these risks and others
that could affect results, see our filings with the Securities and
Exchange Commission, including the risk factors section of Access
Worldwide Communication, Inc.'s Annual Report on Form 10-K for the
year ended December 31, 2005 filed with the Securities and Exchange
Commission. The Company assumes no duty to update any
forward-looking statements. DATASOURCE: Access Worldwide
Communications, Inc. CONTACT: Mark Wright, Investor Relations of
Access Worldwide Communications, Inc., +1-703-292-5210, Web site:
http://www.accessww.com/
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