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ACS ENTERPRISES REPORTS RESULTS

 ACS ENTERPRISES REPORTS RESULTS
 BENSALEM, Pa., March 31 /PRNewswire/ -- Alan Sonnenberg, chairman of


the board and chief executive officer of ACS Enterprises, Inc. (OTC Bulletin Board: ACSE) announced that the company filed its annual report on Form 10-K with the Securities and Exchange Commission which reflected the following results of operations.
 ACS ENTERPRISES, INC.
 (Audited) (Unaudited)
 Periods ended Year Three Months
 Dec. 31 1991 1990 1991 1990
 Revenues $4,465,494 $3,655,722 $1,083,709 $1,029,723
 Net loss (1,447,948) (1,868,771) (572,752) (446,077)
 Net loss per
 common share ($.41) ($.53) ($.16) ($.13)
 Sonnenberg also announced that the company had privately placed 42,944 shares of its Series B convertible preferred stock for $700,000 cash to several investors. The preferred stock is convertible, subject to certain adjustments, into approximately 472,000 shares of common stock if all shares of the preferred stock are converted. The preferred stock will bear a current dividend of 6 percent, subject to upward adjustment based on changes in the prime rate.
 This transaction, together with the previously announced Credit Agreement restructuring and the $1.5 million preferred stock sale in December 1991, is enabling the company to expand its wireless cable channel capacity, fill new subscriber orders and improve working capital liquidity. The company continues to seek additional sources of capital funds.
 /delval/
 -0- 3/31/92
 /CONTACT: Alan Sonnenberg, chairman and chief executive officer of ACS Enterprises, 215-245-4900/ CO: ACS Enterprises, Inc. ST: Pennsylvania IN: ENT SU: ERN


MP-LJ -- PH004 -- 3237 03/31/92 08:56 EST
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Date:Mar 31, 1992
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