ACS ENTERPRISES ANNOUNCES FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS AND SUBSCRIBER ADDITIONS FOR FIRST QUARTER 1995.

TREVOSE, Penn.--APRIL 4, 1995--(BUSINESS WIRE)--ACS ENTERPRISES, INC. (NASDAQ NM Symbol: ACSE) today announced financial results for the quarter and year ended December 31, 1994, and first quarter 1995 subscriber additions.

For the fourth quarter, ACS Enterprises reported revenues of $5,581,000, up from last year's fourth quarter of $2,022,000. The Company reported negative earnings before interest, taxes, depreciation, and amortization (EBITDA) of $190,000, versus negative EBITDA of $381,000 for the year-ago period, and a net loss of $4,389,000, compared to a net loss of $1,591,000 for the comparable 1993 period. Results for 1994 reflect the March 1994 acquisitions of the Cleveland, Ohio and Bakersfield, California wireless cable systems.

For the year, ACS Enterprises reported revenues of $17,739,000, up from $6,490,000 in the comparable 1993 period. The Company reported positive EBITDA of $280,000, an improvement from negative EBITDA of $532,000 for the year-ago period. ACS Enterprises reported a net loss of $9,198,000, or $0.94 per share based on 9,774,000 weighted average common shares outstanding for the year, compared to a net loss of $3,158,000, or $0.55 per share based on 5,780,000 weighted average common shares outstanding for the comparable 1993 period. Philadelphia system revenues were up $5,333,000 from the comparable year-ago period.

Alan Sonnenberg, Chairman and Chief Executive Officer of ACS Enterprises, said, "1994 was a pivotal year for ACS. First, the passage of the 1992 Cable Act leveled the playing field for wireless operators. Our offering of 2,875,000 shares of common stock in February 1994 was successful in raising over $40,000,000, which we used to purchase our Cleveland, OH and Bakersfield, CA systems, almost doubling our line-of-sight households and increasing our subscriber base by approximately 15,000. Subsequently, we added more than 25,000 subscribers, showing 66,900 at year end.

"Our hard work has paid-off. As announced on March 28, ACS agreed to merge with CAI Wireless Systems, Inc. (CAI). The agreement creates a major wireless cable multiple systems operator (MSO), giving the new company development rights in every major metropolitan market from Virginia to Maine. We are also very pleased to have the backing of Bell Atlantic Corporation and Nynex Corporation, which together through their partnership, BANX, will invest $100 million in the new CAI company. Obviously, they share our vision of the entertainment and information landscape and we very much look forward to closing the agreement and getting on with what we were charged to do -- build a great wireless franchise. I am very excited about our future prospects and our ability to continue to provide an affordable, dependable and high-quality service," Sonnenberg concluded.

As previously announced, 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 time of the effectiveness 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.

The Company also announced that its systemwide subscriber base for the first quarter ended March 31, 1995, rose to 78,600 subscribers from 66,900 at December 31, 1994, a record net gain of 11,700 subscribers.

Subscriber numbers by market are as follows: -0-

Total subs at 12/31/94    First quarter net sub gain  Total subs at 3/31/95

Cleveland, OH    18,700            3,800                    22,500
Bakersfield, CA   6,300            1,600                     7,900
Philadelphia, PA 41,900            6,300                    48,200
Total            66,900           11,700                    78,600

    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.

                               ACS ENTERPRISES, INC.
                               STATEMENT OF OPERATIONS
                                   (unaudited)

                                   Three Months Ended
                              December 31,    December 31,
                                  1994           1993

Revenues:
  Pay television revenues       $5,515,490      $1,986,780
  Other                             65,250          35,117
                                 5,580,740       2,021,897
Expenses:
  Programming and license fees   2,044,514         751,446
  General and administrative     3,263,724       1,424,570
  Selling                          462,550         226,973
  Depreciation and amortization  3,685,940       1,078,601
                                 9,456,728       3,481,590
                                (3,875,988)     (1,459,693)
Other income (expense):
  Interest expense                (325,012)       (216,952)
  Interest income                   26,650          55,691
  Debt amendment costs            (550,300)            ---
Loss before income taxes        (4,724,650)     (1,620,954)
Benefit for income taxes           336,000          30,000
Net loss                       $(4,388,650)   $ (1,590,954)
Net loss per common share      $     (0.42)   $      (0.26)
Weighted average common shares
  outstanding                   10,424,922       6,154,051

                                ACS ENTERPRISES, INC.
                       CONSOLIDATED STATEMENT OF OPERATIONS
                                    (audited)

                                 Twelve Months Ended
                             December 31,    December 31,
                                  1994          1993
Revenues:
  Pay television revenues      $17,612,321     $6,333,879
  Other                            126,402        155,650
                                17,738,723      6,489,529
Expenses:
  Programming and license fees   6,347,057      2,135,230
  General and administrative     9,604,123      4,199,102
  Selling                        1,507,827        686,759
  Depreciation and amortization  8,389,524      2,259,961
                                25,848,531      9,281,052
                                (8,109,808)    (2,791,523)
Other income (expense):
  Interest expense              (1,176,805)      (654,510)
  Interest income                  302,763        258,319
  Debt amendment costs            (550,300)           ---
Loss before income taxes        (9,534,150)    (3,187,714)
Benefit for income taxes           336,000         30,000
Net loss                       $(9,198,150)  $ (3,157,714)
Net loss per common share      $     (0.94)  $      (0.55)
Weighted average common shares
  outstanding                    9,774,326      5,780,255

CONTACT: John Nesbett/Jason Thompson (For IR)

Lippert/Heilshorn & Associates

[phone]

or

ACS Enterprises Inc.

Alan Sonnenberg, Chairman & CEO

[phone]