FOR IMMEDIATE RELEASE

AESP, INC. ANNOUNCES NEW FINANCING ARRANGEMENTS

Miami, Florida, November 4, 2003 - AESP, Inc. (NASDAQ: AESP ) today announced that it has closed on a two-year agreement with a new financing company. The Company used the initial funding received on the closing of the new financing (approximately $1,150,000) to permanently reduce the current balance on its existing line of credit. This new financing agreement permits the lender to purchase customer invoices at its discretion with recourse at 90 days. In connection with this agreement, the Company will be paying a fee equal to 0.8% on each invoice purchased and interest at the rate of prime + 2%, with a minimum rate of 7%.

Additionally, the Company’s current lender on its outstanding line of credit has agreed to extend the maturity date on the $750,000 balance remaining on the line. Of this amount, approximately $100,000 must be funded through anticipated availability under the new financing agreement, with the balance due and payable in full on April 20, 2004. Interest on the remaining balance of the line of credit will increase in 1% increments over the remaining term from prime + 6% to prime + 9%.

Slav Stein, President and CEO commented, “With a new financing agreement in place, the first step in the process of refinancing our line of credit has been successfully completed. In that regard, we are currently exploring various financing opportunities, and we believe that we will be able to find suitable replacement financing to fully repay the line of credit prior to maturity. At the same time we continue to focus on increasing market share and sales, improving cash flow, reducing expenses and returning our Company to profitability.”

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. 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 future filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for 2002.

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

For further information, please contact:
Slav Stein, President & CEO
Roman Briskin, Executive Vice President
John F. Wilkens, Chief Financial Officer
                                                                                                 
AESP, Inc.
1810 NE 144 Street
North Miami, Florida  33131
(305) 944-7710