ADVANCED ELECTRONIC SUPPORT PRODUCTS, INC.

RESPONDS TO QUESTION ABOUT ITS CURRENTLY OUTSTANDING

WARRANTS AND ANNOUNCES TERMINATION OF LETTER OF INTENT

Miami, Florida – February 8, 2002 -- Advanced Electronic Support Products, Inc. (NASDAQ: AESP/AESPW) today responded to a question which it has received regarding the status of its publicly traded common stock purchase warrants, which are currently quoted on the NASDAQ Small Cap Market under the symbol “AESPW.” The Company currently has 920,000 warrants outstanding to purchase an equal number of shares of common stock at an exercise of $6.90 per share, which warrants expire on February 12, 2002. The Company has been asked to comment upon whether it intends to extend the expiration date of the currently outstanding warrants. In response to this question, the Company is hereby notifying the market that it does not intend to extend the termination date of its public warrants.

The Company also reported that it has terminated its previously announced non-binding letter of intent to purchase L & M, GmbH.

Advanced Electronic Support Products, Inc. designs, manufactures, markets and distributes network connectivity products under the brand name SignamaxÔ 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.

Safe Harbor Disclosure under the 1995 Private Securities Litigation Reform Act.

This news release contains forward-looking statements that 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 filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-KSB for 2000 and its Quarterly Report on Form 10-Q for the third quarter of 2001.

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

North Miami, Florida 33131