FOR IMMEDIATE RELEASE

AESP, INC. ANNOUNCES RECEIPT OF COMMITMENT LETTER FOR FINANCING TO REPLACE BANK LINE OF CREDIT DUE APRIL 20, 2004

Miami, Florida, April 16, 2004 - AESP, Inc. (NASDAQ: AESP ) today announced that it has received a non-binding commitment letter from Bendes Investment Limited to make a one-year loan to the Company in the amount of $631,000. The new loan, which will bear interest at prime plus 8%, will be used by the Company to retire the Company's outstanding debt due to Commercebank, N.A., which currently matures on April 20, 2004. The new loan will be secured by a lien on the Company's U.S. assets. Closing of the new loan, which is subject to the execution of definitive loan and security agreements and the completion of due diligence by Bendes, is expected in the near future, but no later than April 30, 2004. 

Slav Stein, President and CEO commented, “We are pleased to have received this commitment and expect to close the new loan in the near future. Once this loan is funded, we will no longer be living with the imminent banking deadline that has distracted our management and we will be able to concentrate our efforts solely on increasing our market share and sales, expanding our product lines, improving our cash flow and continuing our efforts to reduce our costs.”

AESP, Inc. designs, manufactures, markets and distributes network connectivity products under the brand name Signamax Connectivity Systems as well as customized solutions for original equipment manufacturers worldwide. For additional Company information, visit our websites, www.aesp.com and www.Signamax.com.

Safe Harbor Disclosure under the 1995 Securities Litigation Reform Act.
This news release contains forward-looking statements, which involve risks and uncertainties. The Company’s actual future results could differ materially from the results anticipated herein. For information regarding factors that could impact the Company’s future performance, see the Company’s future filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for 2003.

Signamax is a trademark of AESP, Inc. in the United States and/or other countries.

For further information, please contact:

Slav Stein, President & CEO                                                      AESP, Inc.
Roman Briskin, Executive Vice President                                    1810 NE 144 Street
John F. Wilkens, Chief Financial Officer                                      North Miami, Florida 33181
                                                                                                  (305) 944-7710