RF Industries, Ltd. NASDAQ—RFIL

San Diego Business Journal, April 10, 2006

> RF Industries, Ltd. is a provider of interconnect products and systems for radio frequency, or RF, communications products and wireless digital transmission systems. RF Industries conducts its operations in five related divisions. The connector and cable assembly division designs, manufactures and distributes coaxial connectors and cable assemblies that are integrated with coaxial connectors; the Aviel electronics division designs, manufactures and distributes custom RF connectors; the Worswick division distributes and sells coaxial and other connectors and cable assemblies; the bioconnect division manufactures and distributes cabling and interconnect products to the medical monitoring market; and the Neulink division is engaged in the design, manufacture and sales of radio links for receiving and transmitting control signals for remote operation and monitoring of equipment, personnel and monitoring services.

Value

Total number of shares
   outstanding
  as of March 31                 3,167,000
Price of each share
  of common stock
  on March 31                       $6.19
Aggregate market
  value as of March 31        $19,603,730

Performance Record

For year ended Oct. 31, in
thousands, except per-share data.

                                      2005        2004        2003

Total revenues                     $13,151     $11,227      $9,875
Net income (loss)                     $444      $1,224        $710
Net income (loss)
  per share                           $.15        $.42        $.23
Total assets                       $12,025     $11,070      $8,146

Directors

John R. Ehret, 68, director since 1991.
Marvin H. Fink, 69, director since 2001.
Howard F. Hill, 65, director since 1979.
William Reynolds, 70, director since 2005.
Michael C. Venuti, 50, director since 2003.
Robert Jacobs, 53, director since 1997.
Linde Kester, 60, director since 2001.

Executive Compensation

Officer                        2004 Cash
                              Compensation

Howard F. Hill,                   $215,000
  president and
  chief executive
  officer
                                Number of
Significant Stock Ownership        shares
                                  Jan. 31     Percent

Howard F Hill                      420,000        13.8
Directors and                      537,237        17.6
  officers as
  a group (eight
  people)

Other Information

Headquarters: 7610 Miramar Road, Building 1600,
San Diego, CA 92126; (858) 549-6340; fax (858) 549-6345.

Web site: www.rfindustries.com.

Auditors: J.H. Cohn LLP

Employees: 88.

Industry: Diversified electronics.

Information was compiled from the company's
annual and proxy reports.