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ACS ENTERPRISES SIGNS AGREEMENTS TO ACQUIRE WIRELESS CHANNEL RIGHTS AND SYSTEMS IN 3 MARKETS FOR $30MM; FILES S-3 REGISTRATION STATEMENT

 TREVOSE, Pa., Jan. 7 /PRNewswire/ -- ACS Enterprises, Inc. (NASDAQ: ACSE; BSE), a wireless cable service provider in the metropolitan Philadelphia area, has signed acquisition agreements for wireless cable systems located in Cleveland and Bakersfield, Calif., and channel rights in Stockton/Modesto, Calif.
 ACS also announced that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission ("SEC") pursuant to which it intends to sell 2.5 million shares of common stock, which would raise about $37.5 million for the company based on its recent stock price. The company plans to use the proceeds from the sale of common stock to finance these acquisitions and to fund subscriber growth.
 The three acquisitions total approximately $30 million and will add 1.2 million line-of-sight households and 15,000 additional subscribers to the company's subscriber base. After the acquisitions, the company will have 2.7 million line-of-sight households and 41,000 subscribers.
 Gerard Klauer Mattison & Co., Inc. will be the sole managing underwriter of the offering. Copies of the prospectus may be obtained from Gerard Klauer Mattison & Co., Inc., 529 Fifth Ave., New York, N.Y. 10017.
 A 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 the registration statement became effective. This 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 registration or qualification under the securities laws of any such state.
 /delval/
 -0- 1/7/94
 /CONTACT: Alan Sonnenberg, chairman and CEO of ACS Enterprises, 215-396-9400/
 (ACSE)


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

JG-TW -- NY011 -- 0053 01/07/94 09:35 EST
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Publication:PR Newswire
Date:Jan 7, 1994
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