FOR IMMEDIATE RELEASE  

AESP, Inc. Reports Increased Revenues and Reduction in Losses for Third Quarter 2003

Miami, Florida, November 14, 2003- AESP, Inc (NASDAQ: AESP ) today announced its results of operations for the three and nine months ended September 30, 2003.  Sales for the 2003 third quarter were $7.7 million, an increase of almost 12%, compared with sales of $6.9 million for the quarter ended September 30, 2002. For the nine months ended September 30, 2003, sales were $23.2 million, an increase of over 9%, compared with sales of $21.2 million for the nine months ended September 30, 2002.  

The net loss for the third quarter of 2003 was $466,000, compared to a net loss of $710,000 for the third quarter of 2002. For the nine months ended September 30, 2003, the net loss was $1,046,000, compared to a net loss of $1,417,000 for the nine months ended September 30, 2002. The Company’s loss per common share and diluted loss per common share were both $(0.08) for the third quarter of 2003 compared to a loss per common share and diluted loss per common share of $(0.15) for the third quarter of 2002. The Company’s loss per common share and diluted loss per common share were both $(0.18) for the nine months ended September 30, 2003 compared to a loss per common share and diluted loss per common share of $(0.31) for the same period in 2002.

Slav Stein, the Company’s President and CEO, stated:  “The trends in our business and industry in general, are encouraging for several reasons. We believe that a majority of our markets are now in the initial stages of expansion, and this development, along with product line extensions introduced in 2003, enabled the Company to increase our third quarter sales in 2003, compared to the second quarter of 2003 and the comparable quarter last year. Cost reduction efforts in the U.S., coupled with the sales growth, have led to reduced losses, both in the third quarter and nine month periods of 2003 compared to the same periods last year.”

Slav Stein continued, “We continue to invest in new products for our Signamax networking line, including the recently announced series of managed fiber optic media converters. These new products, together with the initial signs of an industry recovery, expanded sales efforts and expense reductions are all encouraging developments for AESP.”

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 and its Quarterly Report on Form 10-Q for the third quarter of 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
Roman Briskin, Executive Vice President
John F. Wilkens, Chief Financial Officer
                                                                                                 
AESP, Inc.
1810 NE 144 Street
North Miami, Florida  33131
(305) 944-7710