RF INDUSTRIES, LTD.	For Immediate Release
RF Connectors/Aviel/Neulink/Bioconnect
Investor Contact: Neil Berkman Associates (310) 277 - 5162 info@berkmanassociates.com		Company Contact:   Howard F. Hill   President/CEO   (858) 549-6340

RF Industries' Second Quarter Sales Increase 5% To Record

$3,769,000; Net Income Jumps 142% to $0.11 Per Share

SAN DIEGO, CA -- June 14, 2006 -- RF INDUSTRIES, LTD., (NASDAQ:RFIL) today announced record sales and net income for the second quarter of fiscal 2006.

For the three months ended April 30, 2006, sales increased 5% to a quarterly record $3,769,000 and net income increased 142% to a quarterly record $395,000, or $0.11 per diluted share. Sales for last year's second quarter, which benefited from a large shipment at the close of the quarter, were a record $3,578,000, with net income of $163,000, or $0.04 per diluted share.

For the six months ended April 30, 2006, net sales increased 11% to $7,144,000, and net income increased 78% to $660,000, or $0.18 per diluted share. This compares to sales for the same period last year of $6,446,000, and net income of $370,000, or $0.10 per diluted share.

"Continuing strong sales from RF Connector and cable assembly, which posted quarterly sales in excess of $3,000,000, together with initial Neulink shipments on the SRI contract and a 37% gain in sales at Bioconnect all led to RFI's record second quarter sales. These record sales, in combination with RFI's improved profitability, resulted in record quarterly earnings," said Howard Hill, president and CEO of RF Industries.

Higher average selling prices during half of the second quarter helped raise gross margin to 48% of sales, compared to 44%, of sales in the same quarter last year. Tighter cost controls and expense reductions established in February 2006 reduced total selling and general expenses for the quarter and also reduced these expenses, as a percent of sales, to 27% from 33% of sales in the same quarter last year.

At April 30, 2006, RFI reported cash and cash equivalents of $3,580,000, investments in available-for-sale securities of $2,644,000, working capital of $11,530,000, a 13 to 1 current ratio, no long-term debt and stockholders' equity of $12,230,000 or $3.81 per share.

RFI's RF Connectors division designs and distributes radio frequency (RF) coaxial connectors and cable assemblies used for Wi-Fi, PCS, radio, test instruments, computer networks and antenna devices. Aviel Electronics provides custom microwave, and RF Connector solutions to aerospace, OEM and Government agencies. Neulink designs and markets wireless digital data transmission products for industrial monitoring, wide area networks, GPS tracking and locations systems. RFI's Bioconnect operation designs, manufactures and distributes specialized electrical cabling and interconnect products to the medical monitoring market.

The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties, including, without limitation, uncertainties detailed in the Company's Securities and Exchange Commission filings.

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RF INDUSTRIES, LTD.

Condensed Statements of Income

(in thousands except share and per share amounts)

(Unaudited)

	Three Months Ended				Six Months Ended
	April  30,				April  30,
	2006		2005		2006		2005
Net sales	$	3,769	$	3,578	$	7,144	$	6,446
Cost of sales		1,977		2,019		3,792		3,469
Gross profit		1,792		1,559		3,352		2,977
Operating expenses:
Engineering		131		124		280		261
Selling and general		1,030		1,169		2,050		2,128
Total operating expenses		1,161		1,293		2,330		2,389
Operating income		631		266		1,022		588
Other income		33		22		106		38
Income before provision for income taxes		664		288		1,128		626
Provision for income taxes		269		125		468		256
Net income	$	395	$	163	$	660	$	370
Earnings per share
Basic	$	0.12	$	0.05	$	0.21	$	0.12
Diluted	$	0.11	$	0.04	$	0.18	$	0.10
Weighted average shares outstanding
Basic		3,202,405		3,046,960		3,151,169		3,027,543
Diluted		3,708,624		3,807,808		3,678,841		3,822,499

RF INDUSTRIES, LTD.

CONDENSED BALANCE SHEETS

(in thousands)

(Unaudited)

	April 30,		October 31,
ASSETS	2006		2005
CURRENT ASSETS:
Cash and cash equivalents	$	3,580	$	4,507
Investment in available-for-sale securities		2,644		--
Trade accounts receivable, net		1,918		1,891
Notes receivable		--		2
Inventories		4,003		4,181
Income tax refund receivable		27		306
Other current assets		160		97
Deferred tax assets		123		136
TOTAL CURRENT ASSETS		12,455		11,120
Property, and equipment, net		416		466
Goodwill		201		201
Amortizable intangible asset		94		113
Notes receivable from related parties		--		30
Note receivable from stockholder		67		67
Other assets		28		28
TOTAL ASSETS	$	13,261	$	12,025
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$	509	$	335
Accrued expenses		416		378
TOTAL CURRENT LIABILITIES		925		713
Deferred tax liabilities		106		106
TOTAL LIABILITIES		1,031		819
STOCKHOLDERS' EQUITY
Common stock		32		31
Additional paid-in capital		4,218		3,873
Net unrealized gain on available-for-sale securities		18		--
Retained earnings		7,962		7,302
TOTAL STOCKHOLDERS' EQUITY		12,230		11,206
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	13,261	$	12,025