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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 20, 2006
ACCESS WORLDWIDE COMMUNICATIONS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 000-23489 52-1309227
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4950 Communication Avenue, Suite 300, Boca Raton, Florida 33431
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (561) 226-5000
N/A
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(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:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On June 20, 2006, Access Worldwide Communications, Inc., and Telemanagement
Services, Inc., a wholly owned subsidiary of Access Worldwide, entered into an
Asset Purchase Agreement, attached hereto as Exhibit 99.1, and incorporated
herein by this reference, with TMS Professional Markets Group, LLC ("TMS"), a
newly formed Delaware limited liability company owned and controlled by Palm
Beach Capital.
Access Worldwide has agreed to sell to TMS, all or substantially all the assets
of Telemanagement Services, Inc. for $10.5 million less assumed liabilities. The
deal is expected to close on or before July 31, 2006. For further information,
reference is made to the Registrant's press release, dated June 21, 2006 which
is attached hereto as Exhibit 99.2
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
99.1 Asset Purchase Agreement, dated June 20, 2006, by and among, Access
Worldwide Communications, Inc., Telemanagement Services, Inc. and
TMS Professional Markets Group, LLC.
99.2 Press Release, Access Worldwide Communications, Inc., June 21, 2006.
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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.
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(Registrant)
Date: June 21, 2006 By: /s/ MARK WRIGHT
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General Counsel, Secretary
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