FOR IMMEDIATE RELEASE 

AESP, Inc. Provides Guidance on Current Terms of Outstanding Warrant Dividend

Miami, Florida, December 17, 2003 - AESP, Inc. (NASDAQ: AESP ) today provided guidance to the market regarding the terms of its currently outstanding common stock purchase warrants. While this information has previously been disclosed by the Company in its prospectus with respect to the issuance of shares underlying the warrants and in its current reports to the S.E.C., the Company has received numerous questions from its warrant dividend holders seeking information about the terms of the warrants. Therefore it is putting out this press release to ensure that the terms of its currently outstanding warrants are understood by the holders of such warrants and by the market. The terms of the currently outstanding warrants are as follows: 

·       The warrants were distributed in June 2003 to holders of record of the Company's common stock as of April 10, 2003. Warrants to purchase 5.9 million shares were issued in the warrant distribution;

·       The warrants are non-transferable and entitle the holder to purchase one share of the Company's authorized but unissued common stock at the exercise price described below for the one year period commencing September 23, 2003, which is the date following the date of effectiveness of the Company's registration statement registering the sale of the shares of common stock underlying the warrants;

·       The current exercise price of the warrants is as follows:

o        Until December 22, 2003, the warrants will be exercisable at an exercise price of $1.50 per share,

o        Thereafter, until March 22, 2004, the warrants will be exercisable at an exercise price of $2.50 per share, and

o        Thereafter, until September 23, 2004 (the current expiration date of the warrants), the warrants will be exercisable at an exercise price of $5.50 per share. 

The Company reserves the right at any time to reduce the warrant exercise price or extend the term of the warrants beyond the current expiration date in the sole discretion of its board of directors. No decisions have been made to date in that regard. 

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities, nor will there by any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the securities under the securities laws of any such state.  A copy of the final prospectus relating to the offering of the shares underlying the warrants may be obtained from AESP, Inc., 1810 N.E. 144th Street, North Miami, Florida  33181, Attn: Chief Financial Officer.

About AESP

AESP 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. AESP 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 may contain forward-looking statements that involve risks and uncertainties, which could cause actual results to differ materially from those described in such statements.  For information regarding factors that could impact AESP’s future performance see AESP's 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.

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