ACS ENTERPRISES ANNOUNCES THIRD QUARTER AND NINE MONTH RESULTS.

TREVOSE, Pa.--(BUSINESS WIRE)--Nov. 4, 1994--ACS ENTERPRISES, INC. (NASDAQ/NM Symbol: ACSE) today announced results for the quarter and nine months ended September 30, 1994.

ACS Enterprises reported third quarter revenues of $4,818,000, up from last year's quarter of $1,711,000. The Company reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of $144,000, up from negative EBITDA of $121,000 for the comparable 1993 period. ACS Enterprises reported a net loss of $2,027,000, or $0.20 per share based on 10,306,000 weighted average common shares outstanding for the quarter, compared to a net loss of $691,000, or $0.12 per share based on 5,724,000 weighted average common shares outstanding for the comparable 1993 period. Results for 1994 reflect the March 1994 acquisitions of the Cleveland, Ohio and Bakersfield, California wireless cable systems. Philadelphia system revenues in the quarter were up $1,247,000 from the comparable 1993 period.

Nine month revenues were $12,158,000, up from $4,468,000 in the comparable 1993 period. The Company reported EBITDA of $470,000, up from negative EBITDA of $150,000 for the comparable 1993 period.

ACS Enterprises reported a net loss of $4,809,000, or $0.50 per share based on 9,555,000 weighted average common shares outstanding for the first nine months, compared to a net loss of $1,567,000, or $0.28 per share based on 5,654,000 weighted average common shares outstanding for the comparable 1993 period. Philadelphia system revenues for the nine months were up $3,753,000 from the comparable 1993 period.

Alan Sonnenberg, Chairman and Chief Executive Officer of ACS Enterprises, said, "Overall, we are satisfied with our results. In contrast to the excessive churn we experienced in Philadelphia early in the third quarter which unfavorably impacted July's subscriber growth, the steps we took to remedy those problems resulted in strong subscriber growth in August and September, about 6,000 combined.

More importantly, in October we added 3,500 net subscribers to our customer base, a Company record, bringing our total subscribers to 61,000. We are encouraged by our accelerated subscriber growth and expect a favorable fourth quarter," Sonnenberg concluded.

ACS ENTERPRISES, INC. is a wireless cable television system operator currently serving Philadelphia, PA, Cleveland, OH and Bakersfield, CA. Combined, these areas have an estimated 2,400,000 line-of-sight households. As previously reported, the Company has an agreement to develop a wireless cable system in the Stockton/Modesto area of California, which would add an estimated 300,000 line-of-sight households. The capital cost per 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 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.

The information contained herein was obtained from the Management of ACS ENTERPRISES, INC. and other sources deemed to be reliable. This does not constitute the solicitation of the purchase or sale of securities. Lippert/Heilshorn & Associates, Inc. is employed by the Company as its investor relations firm and the firm or its officers may have a position in the securities of this client Company.

                                    ACS ENTERPRISES, INC.
                                   STATEMENT OF OPERATIONS
                                         (unaudited)

                                    Three Months Ended
                                September 30,      September 30,
                                   1994                   1993

Revenues:
  Pay television subscribers    $4,704,108           $1,596,830
  Installation                     113,714               75,862
  Other                              -                   38,756
                                 4,817,822            1,711,448
Expenses:
  Programming and license fees   1,758,555              522,922
  General and administrative     2,446,272            1,083,144
  Selling                          469,226              226,813
  Depreciation and amortization  1,941,182              483,483
                                 6,615,235            2,316,362
Operating loss                  (1,797,413)            (604,914)
Other income (expense):
  Interest expense                (310,310)            (140,644)
  Interest income                   80,798               54,720
Net loss                       $(2,026,925)          $ (690,838)
Net loss per common share      $     (0.20)          $    (0.12)
Weighted average common shares
  outstanding                   10,306,389            5,723,928

                                    ACS ENTERPRISES, INC.
                                   STATEMENT OF OPERATIONS
                                         (unaudited)

                                      Nine Months Ended
                                September 30,     September 30,
                                    1994               1993
Revenues:
  Pay television subscribers     $11,807,250        $4,153,908
  Installation                       289,581           193,191
  Other                               61,152           120,533
                                  12,157,983         4,467,632
Expenses:
  Programming and license fees     4,302,543         1,383,784
  General and administrative       6,340,398         2,774,532
  Selling                          1,045,277           459,786
  Depreciation and amortization    4,703,584         1,181,360
                                  16,391,802         5,799,462
Operating loss                    (4,233,819)       (1,331,830)
Other income (expense):
  Interest expense                  (851,793)         (437,558)
  Interest income                    276,113           202,628
Net loss                         $(4,809,499)     $ (1,566,760)
Net loss per common share        $     (0.50)     $      (0.28)
Weighted average common shares
  outstanding                      9,555,077         5,654,286

    CONTACT: ACS Enterprises Inc.
             Alan Sonnenberg, [phone]
                    or
             Lippert/Heilshorn & Associates
             John Nesbett/Jason Thompson
             [phone], ext. 101