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ACS ENTERPRISES REPORTS RESULTS

 BENSALEM, Pa., May 13 /PRNewswire/ -- Alan Sonnenberg, chairman of the board and chief executive officer of ACS Enterprises, Inc. (NASDAQ: ACSE; BSE: ENT), announced that the company filed its first quarter report on Form 10-Q with the Securities and Exchange Commission today, reflecting the following results of operations:
 ACS ENTERPRISES, INC.
 (Unaudited)
 Three months ended March 31 1993 1992
 Revenues $1,301,559 $1,071,327
 Net loss (466,250) (422,049)
 Net loss per common share $(.25) $(.59)
 The increase in revenues reflects the initial results of the recently begun expansion of the company's Philadelphia area wireless cable system. The increase in net loss is due primarily to the addition of support personnel and to marketing and advertising expenses incurred with the company's expansion activities. These results are consistent with the company's plans for growth.
 The decrease in the net loss per common share reflects the increase in shares outstanding due to the public offering of 1,150,000 common shares in December 1992, which resulted in net proceeds to the company of $11.2 million.
 At March 31, 1993, the company had 13,700 equivalent basic subscribers in the Philadelphia area, as compared with 12,400 at year end 1992. These figures exclude subscribers in the company's systems outside of the Philadelphia area. New subscriber installations were particularly hampered in the first quarter by extremely poor weather, as well as by limited field supervisory and installation personnel. The rate of new subscriber sales and installations is expected to increase significantly as a result of the company's marketing campaign featuring its new, expanded offering of 34 channels, and the continuing addition of field supervisory personnel and installation technicians.
 The company will need additional capital during 1993 to enable it to finance the significant growth it anticipates this year and beyond. Management is in discussion with a number of lending institutions regarding a possible expansion in its borrowing facility. Management said it believes the company's improving financial condition together with its growing cash flow should allow the company access to capital for its continuing growth needs.
 /delval/
 -0- 5/13/93
 /CONTACT: Alan Sonnenberg, chairman and CEO of ACS Enterprises, 215-245-4900/
 (ACSE)


CO: ACS Enterprises, Inc. ST: Pennsylvania IN: ENT SU: ERN

MK-JM -- PH031 -- 8197 05/13/93 14:37 EDT
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Publication:PR Newswire
Date:May 13, 1993
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