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

----

----

|                                                              |   | Three Months Ended |      |   | Nine months Ended |   |
|-------------------------------------------------------------------|--------|------------------------------|-----------|--------|-----------------------------|--------|
|                                                              |   | July 31,                |      |   | July 31,               |   |
|                                                              |   | 2009                         |      |   | 2008                        |   |   | 2009 |   |   | 2008 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |
| Net sales                                                    |   | $                            | 3,294     |   |                        | $      | 4,668 |   |   | $ | 10,401 |   |   | $ | 13,002 |   |
| Cost of sales                                           |   |                         | 1,670     |   |                        |   | 2,352 |   |   |   | 5,409 |   |   |   | 6,454 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
|      Gross profit                   |   |                         | 1,624     |   |                        |   | 2,316 |   |   |   | 4,992 |   |   |   | 6,548 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses:                                          |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
|   Engineering                                           |   |                         | 256       |   |                        |   | 279 |   |   |   | 806 |   |   |   | 776 |   |
|   Selling and general                         |   |                         | 1,340     |   |                        |   | 1,381 |   |   |   | 3,736 |   |   |   | 4,043 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
|      Total operating expenses  |   |                         | 596       |   |                        |   | 1,660 |   |   |   | 4,542 |   |   |   | 4,819 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
| Operating income                                             |   |                         | 28        |   |                        |   | 656 |   |   |   | 450 |   |   |   | 1,729 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                              |   |                         | 23        |   |                        |   | 41 |   |   |   | 149 |   |   |   | 179 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
| Income before provision for income taxes |   |                         | 51        |   |                        |   | 697 |   |   |   | 599 |   |   |   | 1,908 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
| Provision for income taxes                         |   |                         | 41        |   |                        |   | 297 |   |   |   | 211 |   |   |   | 794 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
|      Net income                     |   | $                            | 10        |   |                        | $      | 400 |   |   | $ | 388 |   |   | $ | 1,114 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
| Earnings per share                                      |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
|   Basic                                                 |   | $                            | 0.00      |   |                        | $      | 0.12 |   |   | $ | 0.13 |   |   | $ | 0.34 |   |
|   Diluted                                               |   | $                            | 0.00      |   |                        | $      | 0.11 |   |   | $ | 0.12 |   |   | $ | 0.30 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding                |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
|   Basic                                                 |   |                         | 2,869,928 |   |                        |   | 3,298,345 |   |   |   | 2,985,083 |   |   |   | 3,294,219 |   |
|   Diluted                                               |   |                         | 3,161,904 |   |                        |   | 3,741,111 |   |   |   | 3,278,509 |   |   |   | 3,720,346 |   |
|                                                              |   |                         |      |   |                        |   |   |   |   |   |   |   |   |   |   |   |
| Dividends paid                                               |   |                         | —   |   |                        | $      | 99 |   |   | $ | 95 |   |   | $ | 295 |   |

----

|                                                                                             |   | July 31, |    |   | October 31, |   |
|--------------------------------------------------------------------------------------------------|--------|---------------|---------|--------|------------------|--------|
|                                                                                             |   | 2009          |    |   | 2008             |   |
| ASSETS                                                                                           |   |          |    |   |             |   |
|                                                                                             |   |          |    |   |             |   |
| CURRENT ASSETS                                                                              |   |          |    |   |             |   |
| Cash and cash equivalents                                                         |   | $             | 2,492   |   |             | $      | 1,061 |   |
| Certificates of deposits                                                               |   |          | 4,502   |   |             |   | 6,316 |   |
| Investments in available-for-sale securities                                      |   |          | — |   |             |   | 548 |   |
| Trade accounts receivable, net                                                    |   |          | 1,867   |   |             |   | 2,071 |   |
| Inventories                                                                                      |   |          | 5,299   |   |             |   | 5,950 |   |
| Other current assets                                                                   |   |          | 606     |   |             |   | 217 |   |
| Deferred tax assets                                                                    |   |          | 542     |   |             |   | 542 |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| TOTAL CURRENT ASSETS                                                                   |   |          | 15,308  |   |             |   | 16,705 |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| Property, plant and equipment, net                                           |   |          | 546     |   |             |   | 566 |   |
| Goodwill                                                                                         |   |          | 137     |   |             |   | 347 |   |
| Amortizable intangible asset, net                                                 |   |          | 34      |   |             |   | 54 |   |
| Note receivable from stockholder                                                  |   |          | 67      |   |             |   | 67 |   |
| Other assets                                                                                |   |          | 29      |   |             |   | 29 |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| TOTAL ASSETS                                                                                |   | $             | 16,121  |   |             | $      | 17,768 |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                              |   |          |    |   |             |   |   |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| CURRENT LIABILITIES                                                                         |   |          |    |   |             |   |   |   |
| Accounts payable                                                                            |   | $             | 234     |   |             | $      | 329 |   |
| Accrued expenses                                                                            |   |          | 543     |   |             |   | 761 |   |
| Income taxes payable                                                                   |   |          | — |   |             |   | 233 |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| TOTAL CURRENT LIABILITIES                                                              |   |          | 777     |   |             |   | 1,323 |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| Deferred tax liabilities                                                               |   |          | 106     |   |             |   | 106 |   |
| Other long-term liabilities                                                            |   |          | 274     |   |             |   | 217 |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| TOTAL LIABILITIES                                                                           |   |          | 1,157   |   |             |   | 1,646 |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                                          |   |          |    |   |             |   |   |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| STOCKHOLDERS' EQUITY                                                                        |   |          |    |   |             |   |   |   |
| Common stock - authorized 10,000,000 shares of $0.01 par |   |          |    |   |             |   |   |   |
| value; 2,849,253 and 3,226,264 shares issued and outstanding  |   |          | 28      |   |             |   | 32 |   |
| Additional paid-in capital                                                             |   |          | 6,474   |   |             |   | 6,412 |   |
| Retained earnings                                                                           |   |          | 8,462   |   |             |   | 9,678 |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| TOTAL STOCKHOLDERS' EQUITY                                                             |   |          | 14,964  |   |             |   | 16,122 |   |
|                                                                                             |   |          |    |   |             |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                   |   | $             | 16,121  |   |             | $      | 17,768 |   |

----