Aegis Communications Group Inc (778426) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2006

Exhibit 99.1

Aegis Reports Fourth Quarter and Year-end 2005 Results

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Aegis Communications Group Reports First Quarter 2006 Results – Over

90% Revenue Growth and Return to Profitability

IRVING, TEXAS — May 15, 2006 — Aegis Communications Group, Inc. (OTC Bulletin Board: AGIS), a worldwide transaction-based business process outsourcing company that enables clients to make customer contact programs more profitable and drive efficiency in back office processes, announced earlier today its earnings report for the first quarter ending March 31, 2006.

First Quarter 2006 vs. First Quarter 2005

We recognized net income applicable to common shareholders of $765 for the first quarter 2006 versus a net loss applicable to common shareholders of $4,444 for the first quarter 2005, representing a $5,209 turnaround to profitability. The Company measures operating performance through EBITDA, which is operating income excluding the expense of depreciation and amortization charge. The Company’s EBITDA turned to a profit of $2,086 for the first quarter 2006 versus an EBITDA loss of $2,212 for the first quarter 2005. The change from 2005 represents cost savings instituted during the 2005 year along with increased business mainly in the areas of Healthcare related business pertaining to Medicare Part D services.

Revenues. For the quarter ended March 31, 2006, revenues from continuing operations were $29,811 versus $15,639 in the first quarter 2005, an increase of $14,172, or 91%. This increase was mainly attributable to the increase in revenues on Humana, Pharmacare and NationsHealth health care related services. Additionally, there were increases in business services provided to Western Union, Comcast and Bell South.

Net income/(loss). Net income for the first quarter 2006 was $765 as compared to the prior year first quarter 2005 net loss of $4,444. This turnaround swing of profitability of $5,209 was through a concerted effort cumulating from the factors of significant cost reductions in 2005 from center closures, renegotiation of various vendor contracts of services provided, to an enhancement of our sales and marketing operations for greater penetration as can be seen in the increased revenue volume during the 2006.

Revenue Mix. Inbound CRM and non-voice services continued to be responsible for the majority of our revenues in the first quarter 2006. Together those two service areas accounted for approximately $26,300 (88.2%) of our revenues, as compared to $14,500 (92.7%) in the first quarter 2005. Outbound CRM revenue accounted for approximately $3,500 (11.8%) of total revenues for the three months ended March 31, 2006 as compared to $1,100 (7.3%), a large turnaround in the comparable prior year period.