ADVANCED ELECTRONIC SUPPORT PRODUCTS, INC.
ENTERS INTO NON-BINDING LETTER OF INTENT TO ACQUIRE LETENG AS

             Miami, Florida – September 11, 2001 -- Advanced Electronic Support Products, Inc. (NASDAQ: AESP and AESPW) today announced that it has entered into a non-binding letter of intent to acquire Leteng AS, Norway, for a combination of stock and cash.  Leteng AS is a distributor of networking hardware and PC connectivity products based in Tynset, Norway. The transaction is subject to various conditions, including the execution of a definitive purchase agreement, approval by the Boards of Directors of both companies, and approval by the Company’s lender. Leteng AS had estimated fiscal 2000 revenues and net income of approximately $2.6 million and $260,000, respectively, and estimated revenues and net income of $1.4 million and $96,000, respectively, for the first six months of 2001.  The transaction, if completed, is expected to close before the end of the year.
           Slav Stein, the Company’s President, stated: “This acquisition will continue our efforts to build a strong presence in the Nordic region of Europe and will compliment the operations of our existing Norwegian subsidiaries, Jotec/AESP AS and Lanse/AESP AS.  As a result of this acquisition we will increase our share of the Norwegian market. We are planning to consolidate some of Leteng’s operation with our existing subsidiaries in order to take advantage of the economics of scale. Leteng will be a part of our Scandinavian operations headquartered in Oslo.”
           Roman Briskin, the Company’s Executive Vice President, stated:  “Despite difficult market conditions, we are continuing to strive to increase our market share through acquisitions.  If completed, this acquisition will be our second of 2001, and we intend to continue our efforts to build the Company through strategic acquisitions, as well as through internal growth.”   
           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 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 filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-KSB for 2000.
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
(305) 944-7710