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):  February 12, 1998

                               World Access, Inc.
             (Exact name of registrant as specified in its charter)



   Delaware                           0-19998                      65-0044209
(State or other               (Commission File Number)           (IRS Employer
jurisdiction of                                                  Identification
incorporation)                                                       Number)


       945 E. Paces Ferry Road, 
     Suite 2240, Atlanta, Georgia                           30326
(Address of principal executive offices)                 (Zip Code)



Registrant's telephone number, including area code:   (404) 231-2025







<PAGE>



Item 5.  Other Events.

         On February 12, 1998, World Access, Inc. (the "Company") announced that
it had signed a letter of intent to acquire Cherry  Communications  Incorporated
(d/b/a Resurgens  Communications  Group)  ("Resurgens") in a merger  transaction
upon terms to be negotiated.

         Also on February 12, 1998,  the Company  announced a delay in reporting
earnings due to the negotiations with Resurgens.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (c)   Exhibits.   The  following exhibits  are filed herewith by direct
                           transmission via "edgar."

         99.1     Letter of Intent dated February 12, 1998 between World Access,
                  Inc. and  Cherry Communications  Incorporated (d/b/a Resurgens
                  Communications Group).

         99.2     Press Release issued on February 12, 1998 (regarding execution
                  of letter of intent).

         99.3     Press Release  issued on February 12, 1998 (regarding delay in
                  announcing earnings).


                                        1

<PAGE>


                                    SIGNATURE

         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, thereunto duly authorized.


                                            WORLD ACCESS, INC.



                                            By: /s/ Martin D. Kidder
                                               ---------------------------------
                                               Martin D. Kidder
                                               Its Vice President and Controller



Dated as of February 20, 1998




<PAGE>

Exhibit 99.1


                                February 12, 1998




CONFIDENTIAL

Cherry Communications Incorporated
(d/b/a Resurgens Communications Group)
945 East Paces Ferry Road
Atlanta, Georgia 30326

Attn:  Mr. John D. Phillips, Chairman and Chief Executive Officer

Gentlemen:

         This  letter  sets forth the terms upon which  World  Access,  Inc.,  a
Delaware  corporation  ("Acquiror"),  and  Cherry  Communications  Incorporated,
(d/b/a Resurgens Communications Group) an Illinois corporation ("Target"), agree
to enter into  discussions  regarding a possible  business  combination  between
Target and Acquiror (the "Transaction").

         In consideration of the mutual covenants set forth below,  Acquiror and
Target agree as follows:

         1.       Proposed Terms.

         Attached as Exhibit A is a  Preliminary  Summary  Term Sheet (the "Term
Sheet") for the Transaction. Although it is the intent of the parties that their
discussions  initially  proceed based on the Term Sheet,  the terms contained in
the Term Sheet have not been  agreed to by the  parties,  are not binding on the
parties,  are  subject to change  based upon due  diligence  results and are not
intended  to  create  rights  in  favor  of  the  parties  with  respect  to the
Transaction.  Without limiting the generality of the foregoing, it is the intent
of the parties that, until the execution and delivery of a definitive  agreement
with respect to the  Transaction,  no agreement shall exist among them and there
shall be no  obligations  whatsoever  based on such  things  as parol  evidence,
extended  negotiations,  "handshakes," oral understandings or courses of conduct
(including reliance and changes of position).  The obligations of the parties to
consummate the Transaction  shall be subject in all respects to the negotiation,
execution  and  delivery  of a  definitive  agreement  approved by the boards of
directors  of  Acquiror  and  Target  and  the  satisfaction  of the  conditions
contained  in the  definitive  agreement,  including,  without  limitation,  any
necessary corporate and regulatory approval and the confirmation of the Target's
Plan of Reorganization. However, the obligations of Acquiror and Target pursuant
to section 2 of this


<PAGE>


February 12, 1998
Page 2
------------------------------
letter are intended to be binding and  enforceable  obligations  of Acquiror and
Target,  with Section 2 continuing in full force and effect until this letter of
intent is terminated pursuant to Section 2 hereof.

         2.       Public Announcements; Termination.

         A. Public  Announcements.  Target  will not,  at any time,  without the
prior  written  consent  of  Acquiror,  make any  announcement,  issue any press
release or make any other public statement with respect to this letter of intent
or any of the terms or  conditions  hereof  except as may be necessary to comply
with any law,  regulation or order and then only after prior  written  notice to
Acquiror of the timing, context and content of such announcement,  press release
or statement.

         B. Termination.  This  letter of intent may be terminated (i) by mutual
consent of  the parties; or (ii) by either party if the Definitive Agreement has
not been executed by April 30, 1998.

         Please  indicate  your  agreement  with  the  terms of this  letter  by
executing it in the space provided below and returning a copy to us.

                                                Very truly yours,

                                                WORLD ACCESS, INC.



                                                By:____________________________
                                                Name:
                                                Title:


AGREED AND ACCEPTED:

CHERRY COMMUNICATIONS INCORPORATED
(d/b/a Resurgens Communications Group)

By:____________________________
Name:
Title:



<PAGE>

                                  CONFIDENTIAL

                         PRELIMINARY SUMMARY TERM SHEET


                                February 12, 1998

         1.       Structure of Transaction and Consideration.

                  A.  Structure of Transaction.  A  wholly-owned  subsidiary  of
Acquiror  or  an  affiliate  of  Acquiror  will merged with and into Target (the
"Merger").

                  B.  Consideration.  In connection with the Merger,  all of the
outstanding capital stock of Target and certain of its outstanding  indebtedness
will be converted  into the right to receive  shares of the  Acquiror's  capital
stock in amounts to be negotiated.

         2.       Definitive Agreement.

                  A.  Definitive  Agreement.   The  parties  will  negotiate  in
good-faith  to prepare  and execute a  definitive  merger  agreement  as soon as
possible  to  give  effect  to the  Merger  (the  "Definitive  Agreement").  The
Definitive  Agreement  will  be  subject  to  the  satisfactory   completion  of
Acquiror's  due  diligence  investigation  of Target,  approval  of its board of
directors and such other conditions upon which the parties may agree.

                  B.  Closing  Conditions.  The  closing of the  Merger  will be
subject  to the  satisfaction  or waiver  of  customary  conditions,  including,
without  limitation,  the  receipt of all  necessary  corporate  and  regulatory
approvals,  the confirmation of Target's Plan of Reorganization,  and such other
conditions upon which the parties may agree.

                  C.  Customary  Terms.  The  Definitive  Agreement will contain
representations,  conditions,  covenants and the like typical in agreements  for
transactions such as the one proposed.


<PAGE>

Exhibit 99.2

                                   SUMMARY:  WORLD ACCESS, INC. SIGNS LETTER
                                             OF INTENT TO ACQUIRE RESURGENS
                                             COMMUNICATIONS GROUP

                                   CONTACT:  Steven A. Odom   Chairman & CEO
                                             Hensley E. West  President  & COO
                                             Mark A. Gergel   Exec. VP  & CFO
                                             (404) 231-2025


FOR IMMEDIATE RELEASE

ATLANTA,  GEORGIA - February  12,  1998 - WORLD  ACCESS,  INC.  (NASDAQ:  WAXS),
announced  today  that it has  signed a  letter  of  intent  to  acquire  Cherry
Communications Incorporated (d/b/a Resurgens Communications Group) ("Resurgens")
in a merger  transaction  upon  terms  to be  negotiated.  Resurgens,  currently
operating  under the  protection of Chapter 11 of the United  States  Bankruptcy
Code, is a facilities-based  provider of international network access,  commonly
referred to in the industry as a carriers'  carrier.  Resurgens  had revenues of
approximately $180 million in 1997.

The transaction is subject to, among other things,  the satisfactory  completion
by World Access of its due diligence investigation of Resurgens, the preparation
and  execution of a definitive  merger  agreement,  the receipt of the requisite
corporate and regulatory  approvals and the  confirmation  of Resurgens' Plan of
Reorganization. World Access has retained The Robinson-Humphrey Company, Inc. as
its financial advisor in connection with the transaction.

In October 1997, John D. ("Jack")  Phillips  entered into a series of agreements
whereby,  among other  things,  he became the new Chairman  and Chief  Executive
Officer of Resurgens and Resurgens was placed into  bankruptcy.  WorldCom,  Inc.
("WorldCom"),  a major customer and vendor of Resurgens, has subsequently agreed
to provide  Resurgens  up to $28 million in financing in the form of a debtor in
possession facility and other credits. Upon consummation of the anticipated Plan
of  Reorganization,  WorldCom  is  expected  to  own  approximately  55%  of the
outstanding stock of Resurgens.

Steven A. Odom, Chairman and Chief Executive Officer of World Access, said, "The
acquisition of Resurgens would be in line with the Company's strategy to provide
its customers with a complete  telecommunications  network  solution,  including
switching, transport and access products and related services. The international
network  access  product  offered by Resurgens is a critical  element of new and
expanded  networks  currently  being planned or implemented by many customers of
World Access.  We believe the ability to offer both equipment and network access
would  provide  World  Access  with a more  comprehensive  and  cost-competitive
product  offering,  especially  for  international  competitive  local  exchange
providers  ("CLECs")  and other  providers of phone  service in emerging  growth
markets."

"We are excited that Jack  Phillips,  a director of World Access,  has agreed to
serve  as  the  Chairman  of  the  combined  company  upon  consummation  of the
transaction.  He is one of the  pioneers of the U.S  alternative  long  distance
business, having built up Advanced Telecommunications  Corporation, which merged
with WorldCom in 1992, and Resurgens  Communications  Group,  Inc., which merged
with  Metromedia  Communications  Corporation  and WorldCom in 1993. We are also
extremely   pleased   that   WorldCom,    a   recognized   leader   in   today's
telecommunications industry, will become the largest stockholder of the combined
company in the event the transaction is consummated."


<PAGE>


John D. Phillips, Chairman and Chief Executive Officer of Resurgens, said "Steve
Odom and his  management  team have done a  tremendous  job over the past  three
years  of  building  World  Access  into  a  highly   respected,   fast  growing
telecommunications  equipment manufacturer.  Steve will continue to serve as the
Chief  Executive  Officer of the combined  company and I look forward to working
with him as we continue to work towards  achieving  significant  long-term value
for World Access stockholders.  Upon consummation of the Resurgens merger, World
Access will be exceptionally  well positioned to provide its customers a unique,
comprehensive and value-added  telecommunications network solution and to pursue
the   significant   growth   opportunities    present   within   the   worldwide
telecommunications markets."

World Access,  Inc.  develops,  manufactures  and markets  wireline and wireless
switching,  transport  and access  products  primarily  for the  United  States,
Caribbean  Basin and Latin  American  telecommunications  markets.  The  Company
offers  digital  switches,  cellular base  stations,  fixed  wireless local loop
systems,   intelligent  multiplexers,   digital  loop  carriers,  microwave  and
millimeterwave radio equipment and other wireless  communications  products.  To
support  and  complement  its  product  sales,  the Company  also  provides  its
customers  with a broad range of design,  engineering,  manufacturing,  testing,
installation, repair and other value-added services.



Except for any historical  information  contained  herein, the matters discussed
in this press release contain forward-looking statements that involve  risks and
uncertainties  which are described in the Company's SEC  reports,  including the
Company's Annual Report on Form 10-K for  the  year ended December 31, 1996, the
Company's  Quarterly  Reports on Form 10-Q for the periods ended March 31, 1997,
June 30, 1997 and September 30, 1997 and the  Company's  Registration  Statement
on Form S-3 (No. 333-07087).

<PAGE>

Exhibit 99.3

                                   SUMMARY:  WORLD ACCESS, INC. ANNOUNCES
                                             DELAY IN REPORTING EARNINGS DUE TO
                                             PENDING ACQUISITION

                                   CONTACT:  Steven A. Odom   Chairman & CEO
                                             Hensley E. West  President  & COO
                                             Mark A. Gergel   Exec. VP  & CFO
                                             (404) 231-2025


FOR IMMEDIATE RELEASE

ATLANTA,  GEORGIA - February  12,  1998 - WORLD  ACCESS,  INC.  (NASDAQ:  WAXS),
announced today  that during the fourth quarter of 1997 it shipped approximately
$9.4 million of switching equipment to Cherry Communications Incorporated (d/b/a
Resurgens Communications Group) ("Resurgens"). Earlier today in a separate press
release, World Access announced that it has signed a letter of intent to acquire
Resurgens. In view of the execution of the letter of intent, World  Access  will
not record the shipment to Resurgens as revenue in the fourth quarter  of  1997.
As a result, the Company will not meet analysts'  consensus  estimates  for  the
fourth quarter and year ended December 31, 1997. Accordingly,  the  Company  has
delayed  its  previously  scheduled  release of financial results for the fourth
quarter  and  the  year  ended  December 31, 1997  pending  the  outcome  of its
negotiations with Resurgens.     

World Access,  Inc.  develops,  manufactures  and markets  wireline and wireless
switching,  transport  and access  products  primarily  for the  United  States,
Caribbean  Basin and Latin  American  telecommunications  markets.  The  Company
offers  digital  switches,  cellular base  stations,  fixed  wireless local loop
systems,   intelligent  multiplexers,   digital  loop  carriers,  microwave  and
millimeterwave radio equipment and other wireless  communications  products.  To
support  and  complement  its  product  sales,  the Company  also  provides  its
customers  with a broad range of design,  engineering,  manufacturing,  testing,
installation, repair and other value-added services.

Except for any historical  information  contained  herein, the matters discussed
in this press release contain forward-looking statements that involve  risks and
uncertainties  which are described in the Company's SEC  reports,  including the
Company's Annual Report on Form 10-K for  the  year ended December 31, 1996, the
Company's  Quarterly  Reports on Form 10-Q for the periods ended March 31, 1997,
June 30, 1997 and September 30, 1997 and the  Company's  Registration  Statement
on Form S-3 (No. 333-07087).
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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):  February 12, 1998

                               World Access, Inc.
             (Exact name of registrant as specified in its charter)

   Delaware                           0-19998                      65-0044209
(State or other               (Commission File Number)           (IRS Employer
jurisdiction of                                                  Identification
incorporation)                                                       Number)

       945 E. Paces Ferry Road, 
     Suite 2240, Atlanta, Georgia                           30326
(Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code:   (404) 231-2025
Item 5.  Other Events.

         On February 12, 1998, World Access, Inc. (the "Company") announced that
it had signed a letter of intent to acquire Cherry  Communications  Incorporated
(d/b/a Resurgens  Communications  Group)  ("Resurgens") in a merger  transaction
upon terms to be negotiated.

         Also on February 12, 1998,  the Company  announced a delay in reporting
earnings due to the negotiations with Resurgens.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (c)   Exhibits.   The  following exhibits  are filed herewith by direct
                           transmission via "edgar."

         99.1     Letter of Intent dated February 12, 1998 between World Access,
                  Inc. and  Cherry Communications  Incorporated (d/b/a Resurgens
                  Communications Group).

         99.2     Press Release issued on February 12, 1998 (regarding execution
                  of letter of intent).

         99.3     Press Release  issued on February 12, 1998 (regarding delay in
                  announcing earnings).

                                        1
SIGNATURE

         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, thereunto duly authorized.

                                            WORLD ACCESS, INC.

                                            By: /s/ Martin D. Kidder
                                               ---------------------------------
                                               Martin D. Kidder
                                               Its Vice President and Controller

Dated as of February 20, 1998
Exhibit 99.1

                                February 12, 1998

CONFIDENTIAL

Cherry Communications Incorporated
(d/b/a Resurgens Communications Group)
945 East Paces Ferry Road
Atlanta, Georgia 30326

Attn:  Mr. John D. Phillips, Chairman and Chief Executive Officer

Gentlemen:

         This  letter  sets forth the terms upon which  World  Access,  Inc.,  a
Delaware  corporation  ("Acquiror"),  and  Cherry  Communications  Incorporated,
(d/b/a Resurgens Communications Group) an Illinois corporation ("Target"), agree
to enter into  discussions  regarding a possible  business  combination  between
Target and Acquiror (the "Transaction").

         In consideration of the mutual covenants set forth below,  Acquiror and
Target agree as follows:

         1.       Proposed Terms.

         Attached as Exhibit A is a  Preliminary  Summary  Term Sheet (the "Term
Sheet") for the Transaction. Although it is the intent of the parties that their
discussions  initially  proceed based on the Term Sheet,  the terms contained in
the Term Sheet have not been  agreed to by the  parties,  are not binding on the
parties,  are  subject to change  based upon due  diligence  results and are not
intended  to  create  rights  in  favor  of  the  parties  with  respect  to the
Transaction.  Without limiting the generality of the foregoing, it is the intent
of the parties that, until the execution and delivery of a definitive  agreement
with respect to the  Transaction,  no agreement shall exist among them and there
shall be no  obligations  whatsoever  based on such  things  as parol  evidence,
extended  negotiations,  "handshakes," oral understandings or courses of conduct
(including reliance and changes of position).  The obligations of the parties to
consummate the Transaction  shall be subject in all respects to the negotiation,
execution  and  delivery  of a  definitive  agreement  approved by the boards of
directors  of  Acquiror  and  Target  and  the  satisfaction  of the  conditions
contained  in the  definitive  agreement,  including,  without  limitation,  any
necessary corporate and regulatory approval and the confirmation of the Target's
Plan of Reorganization. However, the obligations of Acquiror and Target pursuant
to section 2 of this
February 12, 1998
Page 2
------------------------------
letter are intended to be binding and  enforceable  obligations  of Acquiror and
Target,  with Section 2 continuing in full force and effect until this letter of
intent is terminated pursuant to Section 2 hereof.

         2.       Public Announcements; Termination.

         A. Public  Announcements.  Target  will not,  at any time,  without the
prior  written  consent  of  Acquiror,  make any  announcement,  issue any press
release or make any other public statement with respect to this letter of intent
or any of the terms or  conditions  hereof  except as may be necessary to comply
with any law,  regulation or order and then only after prior  written  notice to
Acquiror of the timing, context and content of such announcement,  press release
or statement.

         B. Termination.  This  letter of intent may be terminated (i) by mutual
consent of  the parties; or (ii) by either party if the Definitive Agreement has
not been executed by April 30, 1998.

         Please  indicate  your  agreement  with  the  terms of this  letter  by
executing it in the space provided below and returning a copy to us.

                                                Very truly yours,

                                                WORLD ACCESS, INC.

                                                By:____________________________
                                                Name:
                                                Title:

AGREED AND ACCEPTED:

CHERRY COMMUNICATIONS INCORPORATED
(d/b/a Resurgens Communications Group)

By:____________________________
Name:
Title:
CONFIDENTIAL

                         PRELIMINARY SUMMARY TERM SHEET

                                February 12, 1998

         1.       Structure of Transaction and Consideration.

                  A.  Structure of Transaction.  A  wholly-owned  subsidiary  of
Acquiror  or  an  affiliate  of  Acquiror  will merged with and into Target (the
"Merger").

                  B.  Consideration.  In connection with the Merger,  all of the
outstanding capital stock of Target and certain of its outstanding  indebtedness
will be converted  into the right to receive  shares of the  Acquiror's  capital
stock in amounts to be negotiated.

         2.       Definitive Agreement.

                  A.  Definitive  Agreement.   The  parties  will  negotiate  in
good-faith  to prepare  and execute a  definitive  merger  agreement  as soon as
possible  to  give  effect  to the  Merger  (the  "Definitive  Agreement").  The
Definitive  Agreement  will  be  subject  to  the  satisfactory   completion  of
Acquiror's  due  diligence  investigation  of Target,  approval  of its board of
directors and such other conditions upon which the parties may agree.

                  B.  Closing  Conditions.  The  closing of the  Merger  will be
subject  to the  satisfaction  or waiver  of  customary  conditions,  including,
without  limitation,  the  receipt of all  necessary  corporate  and  regulatory
approvals,  the confirmation of Target's Plan of Reorganization,  and such other
conditions upon which the parties may agree.

                  C.  Customary  Terms.  The  Definitive  Agreement will contain
representations,  conditions,  covenants and the like typical in agreements  for
transactions such as the one proposed.
Exhibit 99.2

                                   SUMMARY:  WORLD ACCESS, INC. SIGNS LETTER
                                             OF INTENT TO ACQUIRE RESURGENS
                                             COMMUNICATIONS GROUP

                                   CONTACT:  Steven A. Odom   Chairman & CEO
                                             Hensley E. West  President  & COO
                                             Mark A. Gergel   Exec. VP  & CFO
                                             (404) 231-2025

FOR IMMEDIATE RELEASE

ATLANTA,  GEORGIA - February  12,  1998 - WORLD  ACCESS,  INC.  (NASDAQ:  WAXS),
announced  today  that it has  signed a  letter  of  intent  to  acquire  Cherry
Communications Incorporated (d/b/a Resurgens Communications Group) ("Resurgens")
in a merger  transaction  upon  terms  to be  negotiated.  Resurgens,  currently
operating  under the  protection of Chapter 11 of the United  States  Bankruptcy
Code, is a facilities-based  provider of international network access,  commonly
referred to in the industry as a carriers'  carrier.  Resurgens  had revenues of
approximately $180 million in 1997.

The transaction is subject to, among other things,  the satisfactory  completion
by World Access of its due diligence investigation of Resurgens, the preparation
and  execution of a definitive  merger  agreement,  the receipt of the requisite
corporate and regulatory  approvals and the  confirmation  of Resurgens' Plan of
Reorganization. World Access has retained The Robinson-Humphrey Company, Inc. as
its financial advisor in connection with the transaction.

In October 1997, John D. ("Jack")  Phillips  entered into a series of agreements
whereby,  among other  things,  he became the new Chairman  and Chief  Executive
Officer of Resurgens and Resurgens was placed into  bankruptcy.  WorldCom,  Inc.
("WorldCom"),  a major customer and vendor of Resurgens, has subsequently agreed
to provide  Resurgens  up to $28 million in financing in the form of a debtor in
possession facility and other credits. Upon consummation of the anticipated Plan
of  Reorganization,  WorldCom  is  expected  to  own  approximately  55%  of the
outstanding stock of Resurgens.

Steven A. Odom, Chairman and Chief Executive Officer of World Access, said, "The
acquisition of Resurgens would be in line with the Company's strategy to provide
its customers with a complete  telecommunications  network  solution,  including
switching, transport and access products and related services. The international
network  access  product  offered by Resurgens is a critical  element of new and
expanded  networks  currently  being planned or implemented by many customers of
World Access.  We believe the ability to offer both equipment and network access
would  provide  World  Access  with a more  comprehensive  and  cost-competitive
product  offering,  especially  for  international  competitive  local  exchange
providers  ("CLECs")  and other  providers of phone  service in emerging  growth
markets."

"We are excited that Jack  Phillips,  a director of World Access,  has agreed to
serve  as  the  Chairman  of  the  combined  company  upon  consummation  of the
transaction.  He is one of the  pioneers of the U.S  alternative  long  distance
business, having built up Advanced Telecommunications  Corporation, which merged
with WorldCom in 1992, and Resurgens  Communications  Group,  Inc., which merged
with  Metromedia  Communications  Corporation  and WorldCom in 1993. We are also
extremely   pleased   that   WorldCom,    a   recognized   leader   in   today's
telecommunications industry, will become the largest stockholder of the combined
company in the event the transaction is consummated."
John D. Phillips, Chairman and Chief Executive Officer of Resurgens, said "Steve
Odom and his  management  team have done a  tremendous  job over the past  three
years  of  building  World  Access  into  a  highly   respected,   fast  growing
telecommunications  equipment manufacturer.  Steve will continue to serve as the
Chief  Executive  Officer of the combined  company and I look forward to working
with him as we continue to work towards  achieving  significant  long-term value
for World Access stockholders.  Upon consummation of the Resurgens merger, World
Access will be exceptionally  well positioned to provide its customers a unique,
comprehensive and value-added  telecommunications network solution and to pursue
the   significant   growth   opportunities    present   within   the   worldwide
telecommunications markets."

World Access,  Inc.  develops,  manufactures  and markets  wireline and wireless
switching,  transport  and access  products  primarily  for the  United  States,
Caribbean  Basin and Latin  American  telecommunications  markets.  The  Company
offers  digital  switches,  cellular base  stations,  fixed  wireless local loop
systems,   intelligent  multiplexers,   digital  loop  carriers,  microwave  and
millimeterwave radio equipment and other wireless  communications  products.  To
support  and  complement  its  product  sales,  the Company  also  provides  its
customers  with a broad range of design,  engineering,  manufacturing,  testing,
installation, repair and other value-added services.

Except for any historical  information  contained  herein, the matters discussed
in this press release contain forward-looking statements that involve  risks and
uncertainties  which are described in the Company's SEC  reports,  including the
Company's Annual Report on Form 10-K for  the  year ended December 31, 1996, the
Company's  Quarterly  Reports on Form 10-Q for the periods ended March 31, 1997,
June 30, 1997 and September 30, 1997 and the  Company's  Registration  Statement
on Form S-3 (No. 333-07087).
Exhibit 99.3

                                   SUMMARY:  WORLD ACCESS, INC. ANNOUNCES
                                             DELAY IN REPORTING EARNINGS DUE TO
                                             PENDING ACQUISITION

                                   CONTACT:  Steven A. Odom   Chairman & CEO
                                             Hensley E. West  President  & COO
                                             Mark A. Gergel   Exec. VP  & CFO
                                             (404) 231-2025

FOR IMMEDIATE RELEASE

ATLANTA,  GEORGIA - February  12,  1998 - WORLD  ACCESS,  INC.  (NASDAQ:  WAXS),
announced today  that during the fourth quarter of 1997 it shipped approximately
$9.4 million of switching equipment to Cherry Communications Incorporated (d/b/a
Resurgens Communications Group) ("Resurgens"). Earlier today in a separate press
release, World Access announced that it has signed a letter of intent to acquire
Resurgens. In view of the execution of the letter of intent, World  Access  will
not record the shipment to Resurgens as revenue in the fourth quarter  of  1997.
As a result, the Company will not meet analysts'  consensus  estimates  for  the
fourth quarter and year ended December 31, 1997. Accordingly,  the  Company  has
delayed  its  previously  scheduled  release of financial results for the fourth
quarter  and  the  year  ended  December 31, 1997  pending  the  outcome  of its
negotiations with Resurgens.     

World Access,  Inc.  develops,  manufactures  and markets  wireline and wireless
switching,  transport  and access  products  primarily  for the  United  States,
Caribbean  Basin and Latin  American  telecommunications  markets.  The  Company
offers  digital  switches,  cellular base  stations,  fixed  wireless local loop
systems,   intelligent  multiplexers,   digital  loop  carriers,  microwave  and
millimeterwave radio equipment and other wireless  communications  products.  To
support  and  complement  its  product  sales,  the Company  also  provides  its
customers  with a broad range of design,  engineering,  manufacturing,  testing,
installation, repair and other value-added services.

Except for any historical  information  contained  herein, the matters discussed
in this press release contain forward-looking statements that involve  risks and
uncertainties  which are described in the Company's SEC  reports,  including the
Company's Annual Report on Form 10-K for  the  year ended December 31, 1996, the
Company's  Quarterly  Reports on Form 10-Q for the periods ended March 31, 1997,
June 30, 1997 and September 30, 1997 and the  Company's  Registration  Statement
on Form S-3 (No. 333-07087).