Access Worldwide Communications Inc (AWWC) SEC Filing 10-Q Quarterly report for the period ending Monday, June 30, 2008

Exhibit 99.1

ACCESS WORLDWIDE REPORTS FOURTH QUARTER

AND YEAR-END FINANCIAL RESULTS

ARLINGTON, VA – April 2, 2008 – Access Worldwide Communications, Inc

For the Three Months Ended December 31, 2007

Our revenues decreased by $1.3 million, or 15.3%, to $7.2 million for the quarter ended December 31, 2007, compared to $8.5 million for the quarter ended December 31, 2006. Revenues for our U.S. Segment decreased $2.3 million, or 35.4% to $4.2 million for the quarter ended December 31, 2007, compared to $6.5 million for the quarter ended December 31, 2006. The decrease in revenues was primarily attributed to the loss of a profitable program, and our termination of another program due to its low performance and profitability. Revenues for our International Segment increased $1.0 million, or 50.0% to $3.0 million for the quarter ended December 31, 2006, compared to $2.0 million for the quarter ended December 31, 2006. The increase was primarily attributed to a 138.9% increase in production hours billed.

We reported a net loss from continuing operations of $1.5 million and basic and diluted loss per share of common stock from continuing operations of $0.05 for the quarter ended December 31, 2007, compared to a net loss from continuing operations of $0.3 million and basic and diluted loss per share of common stock from continuing operations of $0.02 for the quarter ended December 31, 2006.

Total weighted average diluted shares outstanding for the quarters ended December 31, 2007 and December 31, 2006 were 31,092,481 and 17,340,065, respectively.

For the Twelve Months ended December 31, 2007

Our revenues increased $5.1 million, or 18.4%, to $32.8 million for the year ended December 31, 2007, compared to $27.7 million for the year ended December 31, 2006. Revenues for the U.S. Segment increased $0.1 million, or 0.4%, to $22.6 million for 2007, compared to $22.5 million for 2006. Revenues for the International Segment increased $5.0 million, or 96.2%, to $10.2 million for 2007, compared to $5.2 million for 2006.

We reported net loss from continuing operations of $4.9 million and diluted loss per share of common stock of $0.19 for the year ended December 31, 2007, compared to net loss from continuing operations of $4.3 million and diluted loss per share of common stock from continuing operations of $0.25 for the year ended December 31, 2006.

Total weighted average common shares outstanding for year ended December 31, 2007 and December 31, 2006 were 25,482,446 and 17,340,065, respectively.