January 9, 2012, RF Industries Reports Preliminary Unaudited Results for Q4 and FY 2011

RF INDUSTRIES, LTD. For Immediate Release

RF Connector & Cable Assembly / RF Wireless

Investor Contact:

Neil Berkman Associates [phone] [e-mail]

Company Contact: James Doss, President [phone] [e-mail]

RF Industries Reports Preliminary Unaudited Results for Q4 and FY 2011; Provides Guidance for FY 2012

Fourth Quarter and Full Year 2011 Revenue Both Increased 19% Year over Year

Company Provides Guidance for $24 to $26 million in Revenue and Earnings of $0.27 to $0.30 Per Diluted Share in FY 2012

SAN DIEGO, CALIFORNIA, January 9, 2012 . . . RF Industries Ltd. (NASDAQ:RFIL) today announced preliminary unaudited financial results for the fiscal quarter and year ended October 31,
2011, and provided financial guidance for the coming fiscal year.
For the fourth quarter ended October 31, 2011, preliminary unaudited revenues increased to approximately $5.95 million, up 19% over the comparable fourth quarter of fiscal 2010. The Company expects to realize an unaudited net loss in the fourth quarter of fiscal 2011 of approximately $50,000, compared to net income of $435,000 in the fourth quarter of fiscal 2010. The quarterly loss was due to a decrease in revenues in the Company's RF Connector and Cable Assemblies divisions, plus certain one-time costs and professional fees totaling approximately $167,000 incurred in connection with both the acquisition of Cables Unlimited and the resolution of certain shareholder issues. The Company also realized approximately $60,000 of non-cash depreciation and amortization charges related to the tangible and intangible assets that the Company acquired in the Cables Unlimited transaction.
For the fiscal year ended October 31, 2011, preliminary unaudited revenues increased to $19.4 million, up 19% compared to revenues in fiscal year 2010. Preliminary unaudited net income was
$773,000 in fiscal 2011, compared with net income of $1,220,000 in fiscal 2010. Additional one-time costs of approximately $798,000, associated with the acquisition of Cables Unlimited and the resolution of certain shareholder issues, significantly increased the Company's general and administrative expenses, compared with the prior fiscal year ended October 31, 2010. Net income was also affected by the addition of approximately $139,000 of non-cash depreciation and amortization charges relating to the acquired Cables Unlimited tangible and intangible assets.
The Company expects to report fully audited results for fiscal 2011 during the last week of January,
2012.
RF Industries Provides Guidance for Fiscal 2012
"We believe that the anticipated results of our continuing business, combined with additional results of our new Cables Unlimited division that we acquired in June of 2011 and revenues to be received by our Radiomobile division under its recently announced contract with the Los Angeles County Fire Department, will result in record revenues for the fiscal year ending October 31, 2012," said Howard Hill, Chief Executive Officer of RF Industries. "Based on preliminary order indications from our RF cable and connector clients and the anticipated results of Cables Unlimited and Radiomobile, we are providing guidance for annual sales of $24 to $26 million and earnings of approximately $0.27 to $0.30 per diluted share in the current fiscal year," said Howard Hill, Chief Executive Officer of RF Industries.
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7610 M iram ar R oad , San D iego , C A 92126-4202 • [phone] • [phone] • FAX [phone]

E-m ail: rfi@ rfindustries.co m • Internet: w w w .rfindus trie s .c om

R F Ind ustries Rep orts Prelim inary U nau dited R esults for the Fo urth Q uarter and F iscal Y ear

January 9, 2012

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About RF Industries
RFI manufactures, designs and distributes Radio Frequency (RF) connectors and cable assemblies, medical cabling products, RF wireless products, and fiber optic cable products. Coaxial connectors, cable assemblies and custom microwave RF connectors are used for Wi-Fi, PCS, radio, test instruments, computer networks, antenna devices, aerospace, OEM and Government agencies. Medical Cablingand Interconnector products are specialized custom electrical cabling products for the medical equipment monitoring market. RF W irelessproducts include digital data transceivers for industrial monitoring, wide area networks, GPS tracking and mobile wirelessnetwork solutions. Fiber opticcable, connector and harness products serve computer, aerospace, computer networking and specialty applications.

Forw ard -Looking Statem en ts

This press release contains forw ard-looking statem ents w ith respect to future events w hich are subject to a number of factors that could cause actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to: changes in the telecom m unications industry; the operations of the Cables U nlim ited division which was acquired in June 2011; unexpected difficulties or delays in im plem en ting the new wireless system upgrade to the Los Angeles County Fire Departm ent's existing remote communications equipment; and the Com pany's reliance on certain distributors for a significant portion of anticipated revenues. Further discussion of these and other potential risk factors may be found in the Com pany's public filings with the Securities and Exchange Com m ission (www.sec.gov), including its Form 10-K. All forward-looking statem ents are based upon inform ation available to the Com pany on the date they are published and the Com pany undertakes no obligation to publicly update or revise any forward- looking statem ents to reflect events or new inform ation after the date of this release.

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7610 M iram ar R oad , San D iego , C A 92126-4202 • [phone] • [phone] • FAX [phone]

E-m ail: rfi@ rfindustries.co m • Internet: w w w .rfindus trie s .c om