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ACS ENTERPRISES, INC. FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING

ACS ENTERPRISES, INC. FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING
 BENSALEM, Pa., Oct. 28 /PRNewswire/ -- ACS Enterprises, Inc. (OTC Bulletin Board: ACSE) announced today that it has filed a registration statement with the Securities and Exchange Commission for the sale by the company of 1 million shares of its common stock.
 The number of shares to be offered reflects the effects of a 1-for-5 reverse stock split which the company intends to submit to shareholders for approval prior to the offering.
 The offering will be underwritten on a firm commitment basis. Gerard Klaur Mattison & Co., Inc. will act as managing underwriter for the issue.
 The company provides wireless cable television programming to apartments and other multiple dwelling units and to single family homes in the Philadelphia metropolitan area. Additionally, the company provides its service to multiple dwelling units outside the Philadelphia metropolitan area. The programming format consists of all locally available channels broadcast on the VHF/UHF bands, and programming received via satellite such as HBO, ESPN, CNN, MTV, USA and WTBS.
 The registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time this registration statement become effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
 /delval/
 -0- 10/28/92
 /CONTACT: Alan Sonnenberg of ACS Enterprises, 215-245-4900/
 (ACSE) CO: ACS Enterprises, Inc. ST: Pennsylvania IN: ENT SU:


MJ-CC -- PH020 -- 5993 10/28/92 12:26 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 28, 1992
Words:300
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