ACS ENTERPRISES ANNOUNCES FIRST QUARTER RESULTS.

TREVOSE, Pa.--(BUSINESS WIRE)--May 16, 1995--ACS ENTERPRISES, INC. (NASDAQ NM Symbol: ACSE) today announced financial results for the first quarter ended March 31, 1995.

For the first quarter of 1995 ("1995"), ACS Enterprises reported revenues of $6,793,000, up from last year's first quarter of $2,825,000. For 1995, the Company reported $221,000 of earnings before interest, taxes, depreciation, amortization, and non-cash stock compensation charges, versus $87,000 for the comparable 1994 period. Operating results reflect the March 1994 acquisitions of the Cleveland, Ohio and Bakersfield, California wireless cable systems.

ACS Enterprises reported a net loss of $4,686,000, or $0.45 per share based on 10,424,922 weighted average common shares outstanding for the quarter, compared to a net loss of $1,062,000, or $0.13 per share based on 8,219,992 weighted average common shares outstanding for the comparable 1994 period. The 1995 results reflect a non-cash charge of $1,091,000 for stock compensation costs. Results for 1995 also include an extraordinary charge of $250,000 ($0.02 per share) for fees relating to the pending merger between ACS Enterprises and CAI Wireless Systems, Inc. ("CAI")

Alan Sonnenberg, Chairman and Chief Executive Officer of ACS Enterprises, said, "We are pleased by our subscriber and revenue growth of $3,998,000 for the quarter as we added a significant number of single family homes to our systems. Our promotional campaigns and subscriber retention programs continue to attract consumers seeking the value-oriented and dependable service that ACS offers."

As previously reported, the Company's systemwide subscriber base for the first quarter ended March 31, 1995, rose to 78,700 subscribers from 66,900 at December 31, 1994, a record quarterly net gain for the Company of 11,800 subscribers.

As previously announced, on March 28, 1995 ACS Enterprises entered into a definitive agreement to merge with a wholly-owned subsidiary of CAI. Upon consummation of the merger, holders of the common stock of the Company will receive in exchange for each share of common stock of the Company, $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. Also, the BANX Partnership, a joint venture of Bell Atlantic Corporation and NYNEX Corporation, has purchased $30 million of CAI debt securities, and will also purchase $70 million of convertible preferred stock of CAI simultaneous with the consummation of the pending merger. Additional conditions of closing include receipt of necessary shareholder and regulatory approvals, and the placement of $125 million of senior debt securities.

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, MTV, Disney, CNN and pay-per-view. -0-

                           ACS ENTERPRISES, INC.
                          STATEMENT OF OPERATIONS
                               (unaudited)

                                    Three Months Ended
                                March 31,       March 31,
                                 1995              1994
Revenues:
  Pay television revenues       $6,620,274      $2,714,616
  Installation                     172,559          80,082
  Other                                 --          30,327
                                 6,792,833       2,825,025

Expenses:
  Programming and license fees   2,648,932         968,308
  General and administrative     3,313,205       1,580,037
  Selling                          609,698         189,501
  Depreciation and amortization  3,135,975         999,904
  Stock compensation             1,090,500              --
                                10,798,310       3,737,750

                                (4,005,477)       (912,725)
Other income (expense):
  Interest expense                (445,877)       (249,756)
  Interest income                   15,351         100,887

Loss before extraordinary Item  (4,436,003)     (1,061,594)

Extraordinary Item:
  Fees relating to pending merger (250,000)             --

Net Loss                       $(4,686,003)    $(1,061,594)

Loss per common share before
  extraordinary item                $(0.43)         $(0.13)
Loss per common share from
  extraordinary item                 (0.02)             --
Net loss per common share      $     (0.45)    $     (0.13)

Weighted average common shares
  outstanding                   10,424,922       8,219,992

CONTACT: ACS Enterprises

Alan Sonnenberg, Chairman & CEO, 215/396-9400

or

Investor Relations Contact:

Lippert/Heilshorn & Associates

John Nesbett/Jason Thompson, 212/838-3777