FOR IMMEDIATE RELEASE
 

AESP, INC. ANNOUNCES FILING OF PROXY STATEMENT REGARDING SPECIAL MEETING OF SHAREHOLDERS
 

Miami, Florida, February 4, 2003 - AESP, Inc. (NASDAQ: AESP ) today announced that it has filed a proxy statement with the Securities and Exchange Commission concerning a special meeting of shareholders. The meeting is being called to ratify certain items related to the Company’s December, 2002  private placement of its securities in order to maintain compliance with NASDAQ listing requirements. It is anticipated that the special meeting will take place during the first quarter of 2003.

Slav Stein, Company president stated “This is an important step in ensuring that the Company remains in compliance with the listing requirements. We expect that with the affirmative vote of   Company management, which comprises 27% of the outstanding stock (32.3% of the votes to be counted at the meeting), that the measures being voted upon will be approved. We also anticipate that the record date for the previously announced warrant dividend will be set at the conclusion of the special meeting.”

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 2001.  

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