UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~August~~November 1314, 2003

Commission File Number: ~~000~~001-12739

AESP, INC.

(Exact Name of Registrant as Specified in its Charter)


Florida (State or Other Jurisdiction of Incorporation)		59-2327381 (I.R.S. Employer Identification No.)

1810 N.E. 144th Street
North Miami, Florida 33181
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (305) 944-7710

~~Item 5~~12. ~~Other~~Results ~~Events~~of Operations and ~~Required~~Financial ~~FD Disclosure~~Condition.

On ~~August~~November 1514, 2003, AESP, Inc. ~~(the~~issued ~~“Company”) entered into~~ a ~~Fifth Amendment~~press torelease ~~Loan Agreement~~ (the “~~Amendment~~Press Release”) ~~with~~announcing its ~~current~~financial ~~lender, CommerceBank,~~results ~~N.A.~~for ~~Pursuant to~~ the ~~terms~~three ofmonths ~~the~~ended ~~Amendment, the Company’s existing $1.9 million line of credit was extended through~~ September ~~30, 2003,~~ ~~with an additional extension until November~~ 30, 2003. ifA ~~the~~copy ~~Company is able to reduce its outstanding line~~ of ~~credit~~the ~~with~~Press ~~CommerceBank~~Release byis atattached ~~least $1~~hereto.0 ~~million by such date.~~

~~Under~~The ~~the~~information ~~Amendment,~~in ~~the~~this ~~interest~~Current ~~rate~~Report ~~payable~~ on ~~the~~Form 8-K, ~~line~~including ofthe ~~credit has~~exhibit, ~~been~~is ~~increased~~being ~~from~~furnished ~~prime~~and ~~plus~~shall 3%not tobe ~~prime~~deemed ~~from~~“filed” ~~4% per annum~~ for ~~the~~purposes ~~period between~~of ~~July~~Section ~~22,~~18 of ~~2003~~the ~~until~~Securities ~~September 30,~~Exchange ~~2003,~~Act ~~and~~of ~~prime~~1934 ~~plus 6% for~~ (the ~~period~~ ~~between~~“Exchange ~~September 30,~~Act”) ~~2003~~or ~~and November 30, 2003. In addition the~~otherwise ~~Amendment,~~subject ~~amends~~to ~~and resets~~ the ~~financial~~liabilities ~~covenants~~of that ~~the~~section, ~~Company~~nor isshall ~~obligated to~~it ~~meet~~be atdeemed ~~June 30~~incorporated by ~~and~~reference ~~September 30,~~in ~~2003.~~any ~~The~~filing ~~Amendment~~under ~~also requires that~~ the ~~Company satisfy~~Securities ~~all~~Act of ~~its~~1933 ~~obligations~~or ~~to CommerceBank under~~ the ~~line of credit by~~Exchange ~~December 1, 2003~~Act.

The foregoing is a summary of the information contained in the Amendment and the related Renewal Promissory Note and Side Letter Agreement. Reference is made to the more detailed information contained therein and attached hereto as Exhibits 10.24, 10.25 and 10.26, respectively.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

Exhibit No.		Description
10.24		Fifth Amendment to Loan Agreement by and between the Company and CommerceBank, N.A. dated as of August 15, 2003.
10.25		Renewal Promissory Note dated as of August 15, 2003
10.26		Side Letter Agreement dated August 15, 2003
99.1		Press Release dated August 13, 2003

Item 12. Results of Operations and Financial Condition.

On August 13, 2003, AESP, Inc. issued a press release (the “Press Release”) announcing its financial results for the three and six month periods ended June 30, 2003. A copy of the Press Release is attached as Exhibit 99.1. The Press Release is incorporated herein by reference.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized, this ~~18th~~21st day of ~~August~~November, 2003.


		AESP, INC


		/s/ John F. Wilkens

		John F. Wilkens, Chief Financial Officer

~~EXHIBIT INDEX~~Exhibit

Exhibit No.		Description
10.24		Fifth Amendment to Loan Agreement by and between the Company and CommerceBank, N.A. dated as of August 15, 2003.
10.25		Renewal Promissory Note dated as of August 15, 2003
10.26		Side Letter Agreement dated August 15, 2003
99.1		Press Release dated August 13, 2003

FOR IMMEDIATE RELEASE

AESP, Inc. Reports Increased Revenues and Reduction in Losses for Third Quarter 2003

Miami, Florida, November 14, 2003- AESP, Inc (NASDAQ: AESP ) today announced its results of operations for the three and nine months ended September 30, 2003. Sales for the 2003 third quarter were $7.7 million, an increase of almost 12%, compared with sales of $6.9 million for the quarter ended September 30, 2002. For the nine months ended September 30, 2003, sales were $23.2 million, an increase of over 9%, compared with sales of $21.2 million for the nine months ended September 30, 2002.

The net loss for the third quarter of 2003 was $466,000, compared to a net loss of $710,000 for the third quarter of 2002. For the nine months ended September 30, 2003, the net loss was $1,046,000, compared to a net loss of $1,417,000 for the nine months ended September 30, 2002. The Company’s loss per common share and diluted loss per common share were both $(0.08) for the third quarter of 2003 compared to a loss per common share and diluted loss per common share of $(0.15) for the third quarter of 2002. The Company’s loss per common share and diluted loss per common share were both $(0.18) for the nine months ended September 30, 2003 compared to a loss per common share and diluted loss per common share of $(0.31) for the same period in 2002.

Slav Stein, the Company’s President and CEO, stated: “The trends in our business and industry in general, are encouraging for several reasons. We believe that a majority of our markets are now in the initial stages of expansion, and this development, along with product line extensions introduced in 2003, enabled the Company to increase our third quarter sales in 2003, compared to the second quarter of 2003 and the comparable quarter last year. Cost reduction efforts in the U.S., coupled with the sales growth, have led to reduced losses, both in the third quarter and nine month periods of 2003 compared to the same periods last year.”

Slav Stein continued, “We continue to invest in new products for our Signamax networking line, including the recently announced series of managed fiber optic media converters. These new products, together with the initial signs of an industry recovery, expanded sales efforts and expense reductions are all encouraging developments for AESP.”

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 third quarter of 2003.

Signamax is a trademark of AESP, Inc. For product information, please link to www.signamax.com.


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

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