I have checked the website, but there was nothing related to the hyperlinks support. In this case, I can say the software doesn't have support for hyperlinks. It could also be a limitation for the Excel files. Try converting or exporting the original file to another format different than Excel. Use any of the other supported file formats: DBF, CSV, XML, PDF, HTML, CHM, RTF, HLP, DOC.
For more information, access the official website: http://www.processtext.com/abcaccss.html