Access Worldwide Announces an $8,000,000 Financing with Manufacturers and Traders Trust Company
10 August 2007 - 9:00PM
PR Newswire (US)
ARLINGTON, Va., Aug. 10 /PRNewswire-FirstCall/ -- Access Worldwide
Communications, Inc. (OTC:AWWC) (BULLETIN BOARD: AWWC) , a Business
Process Outsourcing ("BPO") services company, today announced that
on August 8, 2007, it entered into an $8,000,000 revolving credit
banking facility with Manufacturers and Traders Trust Company
"M&T Bank". "We are very pleased to have M&T Bank as our
primary lender and we appreciate their confidence and support,"
said Shawkat Raslan, Chairman, President and Chief Executive
Officer of Access Worldwide. "The association with M&T Bank
will provide us with the financial resources to continue our
expansion and our growth." 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 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. 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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