Advanced Electronic Support Products, Inc. Reports Higher Earnings and Record Sales

Apr 03, 2001, 01:00 ET from Advanced Electronic Support Products, Inc.

    MIAMI, April 3 /PRNewswire/ -- Advanced Electronic Support Products, Inc.
 (Nasdaq:   AESP AESPW) announced today results for the fiscal year ending
 December 31, 2000.  During year 2000, the Company generated a record sales of
 $30.2 million, which is 14.2% higher than sales of $26.5 million for the same
 period of 1999.  The net profit for fiscal 2000 was $712,000 compared with a
 net profit of $387,000 for 1999, or an 83% increase.  Earnings per diluted
 share were $.18 for the year ended December 31, 2000, compared to $.12 per
 diluted share for the year ended December 31, 1999.
     "We are extremely pleased with our results of the year," said Slav Stein,
 President and CEO.  "The Company continued to grow during year 2000 and is
 transforming itself into a prime manufacturer of networking hardware."
 Mr. Stein continued, "We acquired LANSE AS in Norway during year 2000.  This
 acquisition enhances our position as a valuable player in the European
 networking market.  We continue to introduce new products on the market and
 just last week announced two new product lines on the largest show in the
 world -- CeBIT in Hanover.  We are going to market with our new concept:
 'Connectivity Made Simple(TM).'  This is a complete networking connectivity
 solution which our customers can easily implement without significant
 technical support and at the same time is very reliable at very competitive
 prices."
     Advanced Electronic Support Products, Inc. designs, manufactures and
 markets network and connectivity products in the United States, Western Europe
 and Eastern Europe.  The Company sells a complete line of active and passive
 networking products for copper and fiber-based LAN and WAN networks, as well
 as computer connectivity products.
     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.
 
 

SOURCE Advanced Electronic Support Products, Inc.
    MIAMI, April 3 /PRNewswire/ -- Advanced Electronic Support Products, Inc.
 (Nasdaq:   AESP AESPW) announced today results for the fiscal year ending
 December 31, 2000.  During year 2000, the Company generated a record sales of
 $30.2 million, which is 14.2% higher than sales of $26.5 million for the same
 period of 1999.  The net profit for fiscal 2000 was $712,000 compared with a
 net profit of $387,000 for 1999, or an 83% increase.  Earnings per diluted
 share were $.18 for the year ended December 31, 2000, compared to $.12 per
 diluted share for the year ended December 31, 1999.
     "We are extremely pleased with our results of the year," said Slav Stein,
 President and CEO.  "The Company continued to grow during year 2000 and is
 transforming itself into a prime manufacturer of networking hardware."
 Mr. Stein continued, "We acquired LANSE AS in Norway during year 2000.  This
 acquisition enhances our position as a valuable player in the European
 networking market.  We continue to introduce new products on the market and
 just last week announced two new product lines on the largest show in the
 world -- CeBIT in Hanover.  We are going to market with our new concept:
 'Connectivity Made Simple(TM).'  This is a complete networking connectivity
 solution which our customers can easily implement without significant
 technical support and at the same time is very reliable at very competitive
 prices."
     Advanced Electronic Support Products, Inc. designs, manufactures and
 markets network and connectivity products in the United States, Western Europe
 and Eastern Europe.  The Company sells a complete line of active and passive
 networking products for copper and fiber-based LAN and WAN networks, as well
 as computer connectivity products.
     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.
 
 SOURCE  Advanced Electronic Support Products, Inc.