EX-99.1
Press Release issued by Company 10/19/00
16
<PAGE>
American Communications Approves 4 for 1 Forward Stock Split
Business Wire - Thursday, October 19, 2000
Sarasota, Fla., Oct 19, 2000 (BUSINESS WIRE)-American Communications
Enterprises, Inc. (OTCBB:ACEN) today announced that is has approved a 4 for 1
forward split of its stock at the close of the market on October 30, 2000 will
be entitled to the additional shares from the forward split.
"The forward split is an important step in the Company's business model that
ideally positions the Company with its pending mergers and acquisitions,"
stated Carl Smith. "Our decision to forward split the Company's stock is
intended to increase the value and liquidity within the Company's securities
to the benefit of our investors and shareholders, " added Smith.
About American Communications
ACEN is in the process of creating strategic relationships and acquiring
complimentary companies within the global communications industry that have
proven management and state-of-the-art technologies.
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 as a result of variety of factors, including factors expressed
from time to time in the company's periodic filings with the Securities and
Exchange Commission (the "SEC"). As a result, this press release should be read
in conjunction with the Company's periodic filings with the SEC.
17
<PAGE>
