ACS ENTERPRISES ANNOUNCES SECOND QUARTER AND SIX MONTHS RESULTS.

TREVOSE, Pa.--(BUSINESS WIRE)-- AUGUST 15, 1995--ACS ENTERPRISES, INC. (NASDAQ NM: ACSE) today announced results for the quarter and six months ended June 30, 1995.

For the second quarter of 1995, ACS Enterprises reported revenues of $8,280,000, up from last year's second quarter of $4,515,000. For the second quarter of 1995, the Company reported $701,000 of earnings before interest, taxes, depreciation, amortization and non-cash stock compensation charges, versus $239,000 for the comparable 1994 period. Net loss for the second quarter of 1995 was $4,996,000, or $0.48 per share based on 10,424,922 weighted average shares outstanding for the quarter, compared to a net loss of $1,721,000, or $0.17 per share based on 10,115,922 weighted average common shares outstanding for the comparable 1994 period.

For the first six months of 1995, ACS Enterprises reported revenues of $15,073,000, up from last year's first six months of $7,340,000. For the six months, the Company reported $922,000 of earnings before interest, taxes, depreciation, amortization, and non-cash stock compensation charges, versus $326,000 for the comparable 1994 period. Net loss for the six months was $9,682,000, or $0.93 per share based on 10,424,922 weighted average common shares outstanding for the period, compared to a net loss of $2,783,000, or $0.30 per share based on 9,174,760 weighted average common shares outstanding for the comparable 1994 period.

Alan Sonnenberg, Chairman and Chief Executive of ACS Enterprises, said, "We are satisfied with our subscriber growth, adding 8,200 total net new subscribers, giving us a total of approximately 86,900 subscribers at the end of the second quarter. Our strong revenue gain and subscriber generation is primarily due to the addition of single family homes to our systems.

Additionally, our summer promotional campaigns and subscriber retention programs continue to attract customers seeking the affordable, dependable service ACS offers." However, absent suitable sources of working capital, the Company will have to slow the addition of new subscribers in any significant amount until additional capital becomes available. In August 1995, the Company reduced installation efforts to match available capital resources.

As previously announced, on March 28th 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, Disney, CNN and pay-per-view. -0-

                      ACS ENTERPRISES, INC.
                     STATEMENT OF OPERATIONS
                          (unaudited)

                                        Three Months Ended
                                    June 30,          June 30,
                                      1995             1994
Revenues:
  Pay television revenues          $8,266,796      $4,484,310
  Other                                13,550          30,825
                                    8,280,346       4,515,135

Expenses:
  Programming and license fees      3,060,643       1,575,681
  General and administrative        3,804,565       2,313,943
  Selling                             713,823         386,549
  Depreciation and amortization     3,913,325       1,762,499
  Stock compensation                1,090,500              --
                                   12,582,856       6,038,672

Operating loss                     (4,302,510)     (1,523,537)

Other income (expense):
  Interest expense                   (626,076)       (291,727)
  Interest income                      15,540          94,428

Loss before extraordinary Item     (4,913,046)     (1,720,836)

Extraordinary Item:
  Fees relating to pending merger     (82,799)             --

Net Loss                          $(4,995,845)    $(1,720,836)

Loss per common share before
  extraordinary item                   $(0.47)         $(0.17)
Loss per common share from
  extraordinary item                    (0.01)             --
Net loss per common share       $       (0.48)   $      (0.17)

Weighted average common shares
  outstanding                      10,424,922      10,115,922
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                      ACS ENTERPRISES, INC.
                     STATEMENT OF OPERATIONS
                          (unaudited)

                                         Six Months Ended
                                   June 30,           June 30,
                                     1995               1994
Revenues:
  Pay television revenues       $15,059,629     $7,279,009
  Other                              13,550         61,152
                                 15,073,179      7,340,161

Expenses:
  Programming and license fees    5,709,575      2,543,988
  General and administrative      7,117,770      3,894,126
  Selling                         1,323,521        576,051
  Depreciation and amortization   7,049,300      2,762,402
  Stock compensation              2,181,000            --
                                 23,381,166      9,776,567

Operating loss                   (8,307,987)    (2,436,406)

Other income (expense):
  Interest expense               (1,071,953)      (541,483)
  Interest income                    30,891        195,315

Loss before extraordinary Item   (9,349,049)    (2,782,574)

Extraordinary Item:
  Fees relating to pending
   merger                          (332,799)            --
Net Loss                        $(9,681,848)   $(2,782,574)

Loss per common share before
  extraordinary item                 $(0.90)        $(0.30)
Loss per common share from
  extraordinary item                  (0.03)            --
Net loss per common share    $        (0.93) $      (0.30)

Weighted average common shares
  outstanding                    10,424,922     9,174,760
-0-

CONTACT: Investor Relations Contact:

John Nesbett/Jason Thompson

Lippert/Heilshorn & Associates

212/838-3777

or

ACS Enterprises Inc.

Alan Sonnenberg

Chairman & CEO

212/396-9400