| RF INDUSTRIES,      LTD.                                                                                      | For Immediate      Release |
|---------------------------------------------------------------------------------------------------------------|----------------------------|
|                                                                                                          |
| RF Connector &      Cable Assembly/Bioconnect/RF Wireless                                                 |
|                                                                                                          |                       |   |
| Investor      Contact: Neil      Berkman Associates (310)      826 - 5051info@berkmanassociates.com |                       | Company      Contact: Howard      Hill, President (858)      549-6340rfi@rfindustries.com |
|                                                                                                          |                       |   |

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|  RF INDUSTRIES, LTD.                                                              |
|--------------------------------------------------------------------------------------------------|
| CONDENSED STATEMENTS OF INCOME                                                    |
| (in thousands, except per share and share amounts)(unaudited) |

|                                                              |   | Three Months Ended |      |   | Six Months Ended |   |
|-------------------------------------------------------------------|--------|------------------------------|-----------|--------|----------------------------|--------|
|                                                              |   | April 30,               |      |   | April 30,             |   |
|                                                              |   | 2009                         |      |   | 2008                       |   |   | 2009 |   |   | 2008 |   |
|                                                              |   |                         |      |   |                       |   |   |   |   |   |   |   |
| Net sales                                                    |   | $                            | 3,525     |   |                       | $      | 4,508 |   |   | $ | 7,107 |   |   | $ | 8,334 |   |
| Cost of sales                                           |   |                         | 1,802     |   |                       |   | 2,147 |   |   |   | 3,739 |   |   |   | 4,102 |   |
| Gross profit                                                 |   |                         | 1,723     |   |                       |   | 2,361 |   |   |   | 3,368 |   |   |   | 4,232 |   |
|                                                              |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses:                                          |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Engineering                                                       |   |                         | 295       |   |                       |   | 224 |   |   |   | 550 |   |   |   | 497 |   |
| Selling and general                                     |   |                         | 1,147     |   |                       |   | 1,330 |   |   |   | 2,396 |   |   |   | 2,662 |   |
| Total operating expenses                                |   |                         | 1,422     |   |                       |   | 1,554 |   |   |   | 2,946 |   |   |   | 3,159 |   |
|                                                              |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Operating income                                             |   |                         | 281       |   |                       |   | 807 |   |   |   | 422 |   |   |   | 1,073 |   |
|                                                              |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                              |   |                         | 44        |   |                       |   | 68 |   |   |   | 126 |   |   |   | 138 |   |
|                                                              |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Income before provision for income taxes |   |                         | 325       |   |                       |   | 875 |   |   |   | 548 |   |   |   | 1,211 |   |
|                                                              |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Provision for income taxes                         |   |                         | 110       |   |                       |   | 333 |   |   |   | 171 |   |   |   | 497 |   |
|                                                              |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                   |   | $                            | 215       |   |                       | $      | 542 |   |   | $ | 377 |   |   | $ | 714 |   |
|                                                              |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share                                      |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                             |   | $                            | 0.07      |   |                       | $      | 0.16 |   |   | $ | 0.12 |   |   | $ | 0.22 |   |
| Diluted                                                           |   | $                            | 0.07      |   |                       | $      | 0.15 |   |   | $ | 0.11 |   |   | $ | 0.19 |   |
|                                                              |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding                |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                             |   |                         | 2,962,629 |   |                       |   | 3,292,801 |   |   |   | 3,042,660 |   |   |   | 3,292,144 |   |
| Diluted                                                           |   |                         | 3,225,956 |   |                       |   | 3,696,618 |   |   |   | 3,336,811 |   |   |   | 3,709,668 |   |
|                                                              |   |                         |      |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Dividends Paid                                               |   | $                            | —   |   |                       | $      | 196,460 |   |   | $ | 95 |   |   | $ | 196,460 |   |

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| RF INDUSTRIES, LTD.      |
|------------------------------------|
| CONDENSED BALANCE SHEETS |
| (UNAUDITED)                        |

|                                                                                             |   | April 30, |   |   | October 31, |   |
|--------------------------------------------------------------------------------------------------|--------|----------------|--------|--------|------------------|--------|
|                                                                                             |   | 2009           |   |   | 2008             |   |
| ASSETS                                                                                           |   |           |   |   |             |   |
|                                                                                             |   |           |   |   |             |   |
| CURRENT ASSETS                                                                              |   |           |   |   |             |   |
| Cash and cash equivalents                                                         |   | $              | 1,140  |   |             | $      | 1,061 |   |
| Certificates of deposits                                                               |   |           | 5,581  |   |             |   | 6,316 |   |
| Investments in available-for-sale securities                                      |   |           | --     |   |             |   | 548 |   |
| Trade accounts receivable, net                                                    |   |           | 1,878  |   |             |   | 2,071 |   |
| Inventories                                                                                      |   |           | 5,707  |   |             |   | 5,950 |   |
| Other current assets                                                                   |   |           | 402    |   |             |   | 217 |   |
| Deferred tax assets                                                                    |   |           | 542    |   |             |   | 542 |   |
| TOTAL CURRENT ASSETS                                                                   |   |           | 15,250 |   |             |   | 16,705 |   |
|                                                                                             |   |           |   |   |             |   |   |   |
| Property, plant and equipment, net                                           |   |           | 598    |   |             |   | 566 |   |
| Goodwill                                                                                         |   |           | 347    |   |             |   | 347 |   |
| Amortizable intangible asset, net                                                 |   |           | 41     |   |             |   | 54 |   |
| Note receivable from stockholder                                                  |   |           | 67     |   |             |   | 67 |   |
| Other assets                                                                                |   |           | 35     |   |             |   | 29 |   |
| TOTAL ASSETS                                                                                |   | $              | 16,337 |   |             | $      | 17,768 |   |
|                                                                                             |   |           |   |   |             |   |   |   |
|                                                                                             |   |           |   |   |             |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                              |   |           |   |   |             |   |   |   |
|                                                                                             |   |           |   |   |             |   |   |   |
| CURRENT LIABILITIES                                                                         |   |           |   |   |             |   |   |   |
| Accounts payable                                                                            |   | $              | 204    |   |             | $      | 329 |   |
| Accrued expenses                                                                            |   |           | 677    |   |             |   | 761 |   |
| Income taxes payable                                                                   |   |           | 18     |   |             |   | 233 |   |
| TOTAL CURRENT LIABILITIES                                                              |   |           | 899    |   |             |   | 1,323 |   |
|                                                                                             |   |           |   |   |             |   |   |   |
| Deferred tax liabilities                                                               |   |           | 106    |   |             |   | 106 |   |
| Other long-term liabilities                                                            |   |           | 235    |   |             |   | 217 |   |
| TOTAL LIABILITIES                                                                           |   |           | 1,240  |   |             |   | 1,646 |   |
|                                                                                             |   |           |   |   |             |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                                          |   |           |   |   |             |   |   |   |
|                                                                                             |   |           |   |   |             |   |   |   |
| STOCKHOLDERS' EQUITY                                                                        |   |           |   |   |             |   |   |   |
| Common stock - authorized 10,000,000 shares of $0.01 par |   |           |   |   |             |   |   |   |
| value; 3,083,671 and 3,226,264 shares issued and outstanding  |   |           | 29     |   |             |   | 32 |   |
| Additional paid-in capital                                                             |   |           | 6,439  |   |             |   | 6,412 |   |
| Retained earnings                                                                           |   |           | 8,629  |   |             |   | 9,678 |   |
| TOTAL STOCKHOLDERS' EQUITY                                                             |   |           | 15,097 |   |             |   | 16,122 |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                   |   | $              | 16,337 |   |             | $      | 17,768 |   |
|                                                                                             |   |           |   |   |             |   |   |   |
|                                                                                             |   |           |   |   |             |   |   |   |

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