ACS ENTERPRISES ANNOUNCES $36 MILLION REPLACEMENT REVOLVING CREDIT AGREEMENT.

TREVOSE, Pa.--(BUSINESS WIRE)--SEPT. 1, 1995--ACS ENTERPRISES, INC. (NASDAQ NM: ACSE) ("ACS") today announced that it has entered into a $36 million Replacement Revolving Credit Agreement with Banque Indosuez (the "Banque Indosuez Credit Agreement"), New York Branch, as Agent, and the lending institutions listed therein.

A portion of the funds available to ACS under the Credit Agreement was used to pay in full the indebtedness of ACS to Banque Paribas, as Agent, under the terms of the credit agreement dated November 9, 1993 entered into among ACS, Banque Paribas, as Agent, and the lenders listed therein, as amended.

As previously announced, on March 28th 1995, ACS Enterprises entered into a definitive agreement to merge with a wholly-owned subsidiary of CAI Wireless Systems, Inc. ("CAI"). Upon consummation of the merger, holders of the common stock of ACS will receive in exchange for each share of common stock of ACS, $3.50 in cash plus a minimum and a maximum number of shares of CAI common stock at the effective time of the merger, being 1.138 shares if the market value of CAI common stock is at $14.50 or greater, 1.65 shares if the market value of CAI common stock is at $10.00 or less, and in proportion if the market value of CAI common stock is between $10.00 and $14.50. Consummation of the merger is conditioned upon approval of the shareholders of ACS and CAI, among other conditions. Shareholder meetings for consideration of the merger are scheduled for September 27, 1995.

The Banque Indosuez Credit Agreement provides that all indebtedness thereunder must be paid in full upon the consummation of the merger. In the event that the merger is delayed or not consummated, and the Banque Indosuez Agreement has not been terminated and the loan repaid in full, the Banque Indosuez Credit Agreement provides that on each of February 29, 1996, May 31, 1996 and August 15, 1996, ACS must issue to Banque Indosuez and the lending institutions warrants to acquire in the aggregate 100,000 shares of Common Stock of ACS at an exercise price of 75% of the then current fair market value of the common stock of ACS.

In connection with the execution of the Banque Indosuez Credit Agreement, Banque Paribas transferred to Banque Indosuez warrants to acquire 75,000 shares of Common Stock of ACS, exercisable on or before November 9, 2003 at an exercise price of $7.10 per share. Banque Indosuez also received a cash fee of $250,000 from ACS.

With respect to the Banque Indosuez Credit Agreement, Alan Sonnenberg, Chairman and Chief Executive Officer of ACS, said, "The financing arrangement with Banque Indosuez will provide us with additional growth capital from now until the consummation of the merger, and will also continue to be available to us in the event that the merger is delayed for any reason."

ACS ENTERPRISES, INC. is a wireless cable television system operator currently serving Philadelphia, PA, Cleveland, OH and Bakersfield, CA. Combined, these areas have 2,400,000 line-of-sight households. The Company also has an agreement to develop a wireless cable system in the Stockton/Modesto area of California, which would add an additional 300,000 line-of-sight households. The capital cost per installed wireless subscriber is substantially less than for a traditional franchise cable subscriber. As a result of its lower capital costs and comparable operating costs per subscriber, ACS generally charges 20% to 30% less for its wireless cable service than its traditional franchise cable competitors. Like traditional operators, ACS offers their customers local programming as well as high profile cable channels such as HBO, ESPN, Disney, CNN and pay-per-view.

CONTACT: Lippert/Heilshorn & Associates

Investor Relations Contact:

John Nesbett/Jason Thompson

212/838-3777

or

ACS Enterprises Inc., Trevose

Alan Sonnenberg

Chairman & CEO, 215/396-9400