Access Worldwide Provides 2007 Revenue Guidance
07 February 2007 - 2:57AM
PR Newswire (US)
ARLINGTON, Va., Feb. 6 /PRNewswire-FirstCall/ -- Access Worldwide
Communications, Inc. (OTC:AWWC) (BULLETIN BOARD: AWWC) , a Business
Process Outsourcing services company, today established 2007
revenue guidance of $38 million which reflects 40% revenue growth
from 2006. The Company expects to realize continued operational
efficiencies and scale in 2007 in both its domestic and
international operations. "We have invested in our business
development team and operations over the past two years and are
starting to realize the benefits. We now have approximately 1,400
production seats including 700 which are located in the
Philippines. We will continue to expand our business development
team and our off shore operations during 2007," said Shawkat
Raslan, Chairman, President and Chief Executive Officer of Access
Worldwide. "We are very pleased with the performance of our
domestic operations and expect continued revenue growth during
2007. Our goal is to maximize the utilization of our domestic
capacity while expanding our international capacity." About Access
Access Worldwide Communications, Inc. (OTC:AWWC) (BULLETIN BOARD:
AWWC) , is a leading business process outsourcing ("BPO") services
company that offers customer management and other BPO services from
its offices in the United States and the Philippines. Headquartered
in Arlington, Virginia and with approximately 1,000 employees
worldwide, Access Worldwide supports clients in a variety of
industries, including financial services, technology,
telecommunications, consumer products, healthcare and media. More
information is available at http://www.accessww.com/. Important
Notice This press release contains forward-looking statements
about, among other things, the Company's estimated revenue. These
statements involve known or unknown risks and uncertainties, and
actual results may differ materially from those expressed or
implied by such forward-looking statements. Risks and uncertainties
include the outcome of the review and audit process that takes
place during the year, and the possible adjustments that may
result. 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 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'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/
Copyright