FOR IMMEDIATE RELEASE 

AESP, Inc. Reports Results for First Quarter 2003

Miami, Florida, May 13, 2003- AESP, Inc (NASDAQ: AESP ) today announced its results of operations for the quarter ended March 31, 2003.  Sales for the 2003 first quarter were $8.1 million, compared with sales of $7.5 million for the quarter ended March 31, 2002 and $8.5 million for the fourth quarter of 2002. The net loss for the first quarter of 2003 was $69,000, compared to net income of $5,000 for the first quarter of 2002 and a net loss of $874,000 for the fourth quarter of 2002. The Company’s loss per common share and diluted loss per common share were both $(0.01) for the first quarter of 2003. For the first quarter of 2002, the Company posted earnings per common share and diluted earnings per common share of $0.00. For the fourth quarter of 2002, the Company recorded a loss per common share and diluted share of $(0.17).

Slav Stein, the Company’s President and CEO, stated:  “As we approach the midpoint of 2003, the worldwide economy continues to struggle, especially in the telecommunications and datacom sectors, which are our primary business sectors. However, despite these difficult economic conditions and increased competition in our market segments, we are encouraged by our first quarter 2003 results, especially when compared to our results for the fourth quarter of 2002. Our first quarter 2003 results are substantially improved from the results posted in the last quarter of 2002 and are comparable to the first quarter of 2002. Looking forward, we believe that the company is well positioned to benefit from economic improvements in our marketplace."

Mr. Stein continued, “We remain committed to improving our results through efforts on two fronts, sales growth and expense reductions. Our Signamax division has recently introduced several product line extensions that have received positive industry feedback.   We have also made significant operating improvements that better position us for a return to profitability. Toward that goal, in the second quarter, we will complete the closing of our manufacturing facility in Pennsylvania. This production has been moved to our suppliers in the Far East and to our North Miami facility. By continuing to strategically expand our product line and reduce costs, we believe that we can achieve our goal of profitable operations."

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 first quarter of 2003.