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ACS ENTERPRISES TO FILE REGISTRATION STATEMENT FOR APPROXIMATELY 1,250,000 SHARES

 ACS ENTERPRISES TO FILE REGISTRATION STATEMENT
 FOR APPROXIMATELY 1,250,000 SHARES
 BENSALEM, Pa., April 14 /PRNewswire/ -- ACS Enterprises, Inc. (OTC Bulletin Board: ACSE) announced today that it is preparing to file a registration statement with the Securities and Exchange Commission (SEC) covering approximately 1,250,000 shares of common stock to be offered to certain institutional investors who have expressed interest in the company.
 The company said it expects the offering, if completed, will be made at a cash price of $2 per share. The offering will not be underwritten and is subject to a number of conditions, including the registration statement being declared effective by the SEC. Proceeds from the offering will be used for general corporate purposes, including the capital expenditures necessary to install its wireless cable service to additional subscribers.
 The company is engaged in the business of distributing television programming to individual and multifamily residential units. Shares of the company's common stock are traded in the Over-the-Counter market.
 The offering will be made only by means of a prospectus. 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 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- 4/14/92
 /CONTACT: Alan Sonnenberg of ACS Enterprises, 215-245-4900/
 (ACSE) CO: ACS Enterprises, Inc. ST: Pennsylvania IN: ENT SU: OFR


KA-MP -- PH019 -- 8218 04/14/92 11:17 EDT
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Publication:PR Newswire
Date:Apr 14, 1992
Words:258
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