8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)		June 29, 2007
ACCESS WORLDWIDE COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware	000-23489			52-1309227
(State or other jurisdiction of incorporation)	(Commission File Number)			(I.R.S. Employer Identification No.)
1820 North Fort Myer Drive, Arlington, Virginia				22209
(Address of principal executive offices)				(Zip Code)
Registrant’s telephone number, including area code			(703) 292-5210
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.02 Termination of a Material Definitive Agreement

Item 7.01 Regulation FD

On June 29, 2007, all holders of convertible promissory notes with Access Worldwide Communications, Inc. (the “Company”) agreed to convert their convertible promissory notes (the “Convertible Notes”) to common stock, par value $0.01 of the Company (the “Common Stock”), thereby terminating their convertible promissory notes. The Convertible Notes were originally issued on three separate closing dates; 07/15/2003, amended 10/13/2006 (“Convertible I”); 12/14/2004 (“Convertible II); and 03/17/2006 (“Convertible III”). Amended Convertible I, which had a maturity date of 10/01/09, was originally convertible at a ratio of 2.0 shares of Common Stock per $1.00 invested. As consideration for early conversion, Convertible I was converted at a ratio of approximately 2.125 shares of Common Stock per $1.00 invested. Convertible II, which had a maturity date of 03/15/2008, was originally convertible at a ratio of 1.0 share of Common Stock per $1.00 dollar invested. As consideration for early conversion, Convertible II was converted at a ratio of approximately 2.048 shares of Common Stock per $1.00 invested. Convertible III, which had a maturity date of 03/17/09, was originally convertible at a ratio of 2.0 shares of Common Stock per $1.00 invested. As consideration for early conversion, Convertible III was converted at a ratio of approximately 2.098 shares of Common Stock per $1.00 invested. The number of shares of Common Stock issued upon conversion of the Convertible Notes totaled eleven million eight hundred eighteen thousand five hundred sixty (11,818,560) (the “Issued Stock”). The initial investment for the Issued Stock totaled $5,635,000.

For further information, reference is made to the Company’s press release, dated July 2, 2007, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

1

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

99.1 Press Release, Access Worldwide Communications, Inc., July 2, 2007

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ACCESS WORLDWIDE COMMUNICATIONS, INC.
	(Registrant)
Date: July 2, 2007	By	/s/ Mark Wright
	Mark Wright
	General Counsel, Secretary

3

EX-99.1

NEM068 PM 11:42 Access Worldwide Announces Conversion of Convertible Notes

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26 19 96 91 32 01 30 31 33 99

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P1

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[STK] AWWC

[IN] CPR OTC

[SU]

TO BUSINESS EDITOR:

Access Worldwide Announces Conversion of Convertible Notes

ARLINGTON, Va., July 2 /PRNewswire-FirstCall/ -- Access Worldwide Communications, Inc. (OTC 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 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.

SOURCE Access Worldwide Communications, Inc.

-0- 07/02/2007

/CONTACT: Mark Wright, Investor Relations of Access Worldwide Communications, Inc., +1-703-292-5210, mwright@accessww.com/

/First Call Analyst: /

/FCMN Contact: mwright@accessww.com /

/Web site: http://www.accessww.com/

(AWWC)

CO: Access Worldwide Communications, Inc.

ST: Virginia

IN: CPR OTC

SU: