Advanced Electronic Support Products, Inc
Reports 22% Increase in First Quarter Revenue

Miami, Florida, May 16, 2001-  Advanced Electronic Support Products , Inc ( NASDAQ: AESP and AESPW) today announced its results of operations for the three months ended March 31, 2001.   Consolidated net sales for the three-month period were $8.2 million, an increase of $1.5 million, or 22.6%, compared to net sales of $6.7 million for the 2000 three-month period. Net income from operations was $22,000 compared with $247,000 for the same period of 2000.  Earning per share was $.01 per diluted share for the first 3 months ended March 31, 2001, compared to $.06 per diluted share for the same period of 2000. 

“We are pleased with our revenue increase during the first quarter of 2001, but we are not satisfied with our net income, said Slav Stein, President and CEO.  Our profit results are reflecting the slow down of the economy in the United States, strength of the U.S. dollar, and a decrease in our actual gross profit margin.  The Company is taking necessary steps to stay profitable by implementing cost control measures and reducing inventory levels.  We sold the marginally profitable operation in the Ukraine as one of the steps to streamline our operations.  At the same time, the Company keeps developing new products under the SignamaxÔ brand for high-speed structured wiring standards.  This will enhance our ability to provide a complete “End-to-End” solution for the networking industry.” 

Advanced Electronic Support Products, 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. The Company offers a complete line of active networking and premise cabling products for copper and fiber optic based networks, as well as computer connectivity products. 

            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 previous and future filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-KSB for 2000.

Signamax is a trademark of Advanced Electronic Support Products, Inc. in the United States and/or other countries.

For further information, please contact:

Slav Stein, President & CEO
Roman Briskin, Executive Vice President
Roy D. Rafalco, Chief Financial Officer 

Advanced Electronic Support Products, Inc.
1810 NE 144 Street     (305) 944-7710
North Miami, Florida  33131