Access Worldwide Announces Conversion of Convertible Notes
03 July 2007 - 3:18AM
PR Newswire (US)
ARLINGTON, Va., July 2 /PRNewswire-FirstCall/ -- Access Worldwide
Communications, Inc. (OTC:AWWC.OB) (BULLETIN BOARD: AWWC.OB) , a
Business Process Outsourcing services company, today announced that
all of the company's outstanding convertible promissory notes have
been converted to common stock. "We are very pleased to announce
that all of Access' convertible debt has been converted to common
shares," said Shawkat Raslan, Chairman, President and Chief
Executive Officer of Access Worldwide. "The conversion of the
convertible notes strengthens our balance sheet, and provides
Access with positive shareholder equity." About Access Access
Worldwide Communications, Inc. (OTC:AWWC.OB) (BULLETIN BOARD:
AWWC.OB) , 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, with approximately 1,000
employees worldwide, Access 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. 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.
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, 2006 filed with the Securities and Exchange Commission. Access
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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