


Thursday December 10, 6:22 pm Eastern Time

Company Press Release

Accom Announces  Acquisition of Scitex Digital Video,  Closes Private Placement,
Changes Fiscal Year and Announces Fourth Quarter and Fiscal 1998 Results

         MENLO PARK,  Calif.,  Dec. 10 /PRNewswire/ -- Accom, Inc. (OTC Bulletin
Board:  ACCM) today announced the acquisition of substantially all of the assets
of Scitex  Digital  Video,  Inc.  ("SDV"),  a subsidiary  of Scitex,  Inc.  SDV,
headquartered in Redwood City, California, develops,  manufactures,  markets and
sells digital video  manipulation  equipment and non- linear video  workstations
that are used throughout the professional video and multimedia industry. SDV was
formed in late 1995 through Scitex's acquisition and subsequent merger of ImMIX,
Inc. and Abekas Video Systems,  Inc. Both ImMIX and Abekas were  previously part
of the Carlton  Communications  Plc Group.  For the eleven months ended November
30, 1998, SDV had revenues of approximately $28 million.


         The purchase  price paid by Accom for the SDV assets was  approximately
$10 million. In addition,  Accom will issue to Scitex warrants to purchase up to
approximately a 10% ownership interest in Accom.


         Junaid Sheikh, Chairman and CEO of Accom,  commented:  "The acquisition
of SDV  represents an important  transaction in Accom's  history.  Accom and SDV
combined will offer a broad product line,  comprised of outstanding  products in
the areas of digital video effects  generators,  digital disk recorders,  linear
and non-linear  editors and virtual sets aimed at the professional video market.
The  combined  companies  expect  to  operate  at an  annual  revenue  level  of
approximately  $40 million and we expect Accom to be profitable in 1999. As part
of this  transaction,  we will be  taking a number  of  immediate  consolidation
steps, including the shut-down of six SDV facilities and a significant reduction
in  headcount  for the  combined  companies.  We believe that the Company is now
correctly sized to be profitable at the current revenue level. We are excited to
welcome SDV's talented  employees and experienced  dealers and distributors into
the Accom family,  and we look forward to continuing to support SDV's many loyal
customers worldwide."


         In conjunction  with the  acquisition  of SDV, Accom  announced that it
will change its fiscal year end from  September 30 to December 31.  Accordingly,
Accom will  report a  transition  period  comprised  of the three  months  ended
December 31, 1998 which will include  approximately  three weeks of results from
SDV.


         In  conjunction  with the  acquisition of SDV, Accom also announced the
closing of a private placement of 2,500,000  unregistered shares of common stock
for $1,500,000.


         Accom also  announced  today results for its fourth  quarter and fiscal
1998,  which ended  September 30, 1998.  For the fourth  quarter of fiscal 1998,
revenues  were $2.4  million,  which  compares  with $3.0  million for the third
quarter of fiscal  1998,  

<PAGE>

a decrease  of $0.6  million  or 21%.  For the  fourth  quarter of fiscal  1997,
revenues were $4.7 million. For all of fiscal 1998, revenues were $12.6 million,
which  compares with $17.6 million for fiscal 1997.  The Company  reported a net
loss of $1.5 million, or $0.22 per share, for the fourth quarter of fiscal 1998,
as compared to a net loss of $952,000, or $0.14 per share, for the third quarter
of fiscal 1998.  Net income for the fourth  quarter of fiscal 1997 was $188,000,
or $0.03 per share.  For all of fiscal 1998,  the net loss was $2.9 million,  or
$0.43 per share,  which  compares with a net loss of $4.5 million,  or $0.68 per
share,  for fiscal  1997.  The net loss in fiscal 1997  included a $4.0  million
charge  taken  by the  Company  in the  first  quarter  of  1997  to  streamline
operations and provide valuation reserves against inventories,  receivables, and
fixed assets.  Absent these charges, the net loss in fiscal 1997 would have been
$0.5 million or $0.08 per share.


         Accom, headquartered in Menlo Park, California,  designs, manufactures,
sells and supports a complete line of digital video  production,  disk recording
and editing  tools,  and its ELSET  virtual set  systems,  for the  professional
worldwide television  production,  post production,  broadcasting,  and computer
video marketplace.


         This  release  contains  forward-looking  statements  based on  current
expectations or beliefs as well as a number of assumptions  about future events,
and that are  subject to factors  and  uncertainties  that  could  cause  actual
results  to differ  materially  from those  described  in the  forward-  looking
statements.  The  reader  is  cautioned  not  to put  undue  reliance  on  these
forward-looking statements,  which are not a guarantee of future performance and
are subject to a number of  uncertainties  and other factors,  many of which are
outside the control of Accom.  The  forward-looking  statements  in this release
address a variety of subjects including,  for example,  the product offerings of
the combined  companies,  the expected revenue and profitability of the combined
company,  the anticipated  appropriate  headcount for the combined companies and
the level of support for customers.  The following factors,  among others, could
cause  actual  results  to  differ  materially  from  those  described  in these
forward-looking   statements:   the  risk  that  SDV's   business  will  not  be
successfully  integrated with Accom's  business;  and increased  competition and
technological  changes in the industry in which Accom  competes.  For a detailed
discussion  of these and other  cautionary  statements,  please refer to Accom's
filings with the Securities and Exchange Commission, including its Annual Report
on Form 10-K for the fiscal  year ended  September  30,  1998 and its  Quarterly
Report on Form 10-Q for the quarter ended June 30, 1998.


                                       2
<PAGE>

                                 Accom, Inc.
                    Condensed Consolidated Balance Sheets
                                (in thousands)

                                                September 30,  September 30,
                                                     1998           1997

                                      Assets
    Current assets:
     Cash and cash equivalents                    $ 3,232        $ 5,317
     Accounts receivable, net                       2,020          3,239
     Inventories                                    1,527            980
     Income tax refunds receivable                     --            621
     Deferred tax assets                               20             38
     Prepaid expenses and other current assets        208            334
       Total current assets                         7,007         10,529
    Property and equipment, net                     1,038            967
    Other assets                                       49             49
       Total assets                                $8,094        $11,545

                       Liabilities and Stockholders' Equity

    Current liabilities:
     Notes payable                                     --             24
     Accounts payable                               1,276          1,476
     Accrued liabilities and customer deposits      1,010          1,338
     Deferred revenue                                  88            141
       Total current liabilities and
        total liabilities                           2,374          2,979
    Stockholders' equity:
     Common stock, issued and outstanding:
      6,671 shares as of September 30, 1998 and
       6,627 shares as of September 30, 1997       21,462         21,427
     Accumulated deficit                          (15,742)       (12,861)
      Total stockholders' equity                    5,720          8,566
      Total liabilities and stockholders' equity   $8,094        $11,545


                                       3
<PAGE>



                                 Accom, Inc.
               Condensed Consolidated Statements of Operations
                    (in thousands, except per share data)

                                      Quarters ended          Years Ended
                                      September 30,          September 30,
                                     1998       1997       1998        1997
                                       (Unaudited)

    Net sales                      $ 2,383    $ 4,711    $ 12,617   $ 17,627
    Cost of sales                    1,523      2,138       6,178     11,034
     Gross margin                      860      2,573       6,439      6,593
    Operating expenses:
     Research and development          903        814       3,295      3,344
     Marketing and sales             1,210      1,319       4,967      5,981
     General and administrative        273        303       1,219      1,925
     Total operating expenses        2,386      2,436       9,481     11,250
    Operating income (loss)         (1,526)       137      (3,042)    (4,657)
     Interest and other
      income, net                       46         60         180        176
    Income (loss) before
     provision for income taxes     (1,480)       197      (2,862)    (4,481)
    Provision for income taxes          13          9          19          9
    Net income (loss)              $(1,493)   $   188    $ (2,881)  $ (4,490)
    Net income (loss) per
     share - basic and diluted     $ (0.22)   $  0.03    $  (0.43)  $  (0.68)
    Shares used in computing
     net income (loss) per
     share - basic and diluted       6,671      7,408       6,662      6,587

         SOURCE: Accom, Inc.


                                       4

