American Communications and Swift Telecom Terminate Note Purchase Agreement.

Business Editors

SARASOTA, Fla.--(BUSINESS WIRE)--Feb. 6, 2001

American Communications Enterprises, Inc. (OTCBB:ACEN) today announced that the Company and Swift Telecom have terminated the Note Purchase Agreement that provided for the acquisition by ACEN of certain divisions of Swift.

ACEN officials stated that, "the termination of the Note Purchase Agreement was a result of our funding associates requiring additional security within the transaction to protect their investment. Unfortunately, the parties were unable to provide the security needed within the designated timeframe."

Over the past 45 days, the team at ACEN worked diligently to complete this acquisition. Funding was available for the transaction, but the funding entities would not release the monies subject to the terms and conditions required by the sellers. It is truly unfortunate that the opportunity failed to materialize.

ACEN officials indicated that "we have already taken steps to identify and acquire an exciting and aggressive operating company. The potential transaction is in the early stages of negotiation, but we hope to provide our shareholders with news of the acquisition during the month of February."

For additional information, please contact Mr. Steve Wagoner at 941.923.1949.

Certain statements included in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from such statements expressed or implied herein. Factors that might cause such a difference include, among others, competitive pressures, constantly changing technology, associated with recently formed entities. As a result, this press release should be read in conjunction with the Company's periodic filings with the SEC.