EXHIBIT 99.1

RF INDUSTRIES, LTD.	For Immediate Release
RF Connectors/Aviel/Worswick/Neulink/Bioconnect

Investor Contact:

Neil Berkman Associates

(310) 826 - 5051

info@berkmanassociates.com

Company Contact:

Howard Hill, CEO

(858) 549-6340

rfi@rfindustries.com

RF Industries Reports Record Fourth Quarter Results

Fiscal 2006 Sales Increase 15%; Net Income Triples to a Record $1,541,000

SAN DIEGO, CA, January 29, 2007 . . . RF INDUSTRIES, LTD. (NASDAQ:RFIL) today announced record results for the quarter and fiscal year ended October 31, 2006.

For the fourth quarter ended October 31, 2006, sales increased 20% to a record $4,123,000, compared to sales of $3,429,000 in the same period last year. Net income was also a record $473,000, or $0.13 per diluted share, compared to a loss of $119,000 or ($0.04) per diluted share, in the same period last year. The fourth quarter loss last year included expenses of $551,000 related to the purchase and retirement of options to purchase 100,000 shares of common stock held by Howard Hill, RFI's Chief Executive Officer. This expense reduced fourth quarter after-tax income by approximately $0.08 per share.

For the fiscal year ended October 31, 2006, sales increased 15% to a record $15,188,000, compared to sales of $13,151,000 in fiscal 2005. Net income was $1,541,000, or $0.42 per diluted share, compared to $445,000, or $0.12 per diluted share, for fiscal 2005. Fiscal 2005 results include expenses of $551,000 for the purchase of stock options, reducing fiscal 2005 after-tax income by approximately $0.08 per share.

"RFI's record net income benefited from higher sales, selective increases in product prices, tight cost controls and targeted reductions in corporate overhead expenses. These efforts improved fiscal 2006 gross margin to 48% of sales, compared to only 45% of sales in fiscal 2005 and reduced selling and general expenses to 28% of sales, compared to 37% of sales in fiscal 2005, said Howard Hill," RFI's Chief Executive Officer.

"RF Connector and Cable Assembly had a record year, with sales advancing over 9% to a $11,870,000. Gross and net margins both improved for this division. Bioconnect achieved near break-even results for the full year, as sales jumped 67% to $1,076,000. Neulink was profitable for the year, with sales gaining 13% to $818,000. Aviel and Worswick were both profitable and together contributed over $1,400,000 to fiscal 2006 sales", said Hill.

Hill noted that the combination of Neulink's profitability and reduced operating losses at Bioconnect produced a $230,000 improvement to RFI's fiscal 2006 profitability compared to fiscal 2005. "We anticipate that Bioconnect's continued growth, coupled with opportunities for expanded sales at Neulink, will lead to improved profitability for these businesses and for RF Industries in fiscal 2007," he said.

7610 Miramar Road, San Diego, CA 92126-4202 ● (858) 549-6340 ● (800) 233-1728 ● FAX (858) 549-6345

E-mail: rfi@rfindustries.com● Internet: www.rfindustries.com

RF Industries Reports Record Fourth Quarter Results

January 29, 2007

Page Two

At October 31, 2006, RFI reported cash and cash equivalents of $4,613,000 and investments in available-for-sale securities of $2,253,000, for a total of $6,866,000 in liquid and short-term near-liquid resources, working capital of $12,810,000, an 8 to 1 current ratio, no long-term debt and stockholders' equity of $13,464,000 or $4.14 per share.

About RF Industries

RFI's RF Connectors and Cable Assembly 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. Worswick provides coaxial connectors and cable assemblies primarily to retail and local multi-media and communications systems customers. 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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#4269

RF INDUSTRIES, LTD.
Condensed Statements of Operations
(in thousands, except per share and share amounts)
(unaudited)

	Three Months Ended					Twelve Months Ended
	October 31,					October 31,
	2006		2005			2006		2005


Net sales	$	4,123	$	3,429		$	15,188	$	13,151
Cost of sales		2,151		1,941			7,932		7,202

Gross profit		1,972		1,488			7,256		5,949

Operating expenses:
Engineering		118		162			516		554
Selling and general		1,128		1,483			4,312		4,653

Total expenses		1,246		1,645			4,828		5,207

Operating income (loss)		726		(157	)		2,428		742

Other income - interest		153		40			336		97

Income (loss) before provision for income taxes		879		(117	)		2,764		839

Provision for income taxes		406		2			1,223		394

Net Income (loss)	$	473	$	(119	)	$	1,541	$	445

Earnings (loss) per share
Basic	$	0.14	$	(0.04	)	$	0.48	$	0.15
Diluted	$	0.13	$	(0.04	)	$	0.42	$	0.12

Weighted average shares outstanding
Basic		3,252,613		3,079,803			3,185,920		3,049,215
Diluted		3,776,464		3,847,316			3,771,535		3,793,488

RF INDUSTRIES, LTD.
CONDENSED BALANCE SHEETS
(in thousands)
(Unaudited)

	October 31,		October 31,
ASSETS	2006		2005

CURRENT ASSETS:
Cash and cash equivalents	$	4,613	$	4,507
Investments in available-for-sale securities		2,253		--
Trade accounts receivable, net		2,053		1,891
Notes receivable		--		2
Inventories		5,251		4,181
Income tax refund receivable		--		306
Other current assets		208		97
Deferred tax assets		196		136

TOTAL CURRENT ASSETS		14,574		11,120

Property, and equipment, net		376		466
Goodwill		201		201
Amortizable intangible asset		73		113
Notes receivable from related parties		--		30
Note receivable from stockholder		67		67
Other assets		28		28

TOTAL ASSETS	$	15,319	$	12,025


LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
Accounts payable	$	441	$	335
Accrued expenses		603		378
Income taxes payable		720		--

TOTAL CURRENT LIABILITIES		1,764		713

Deferred tax liabilities		91		106

TOTAL LIABILITIES		1,855		819

STOCKHOLDERS' EQUITY

Common stock		33		31
Additional paid-in capital		4,583		3,873
Retained earnings		8,843		7,302
Accumulated other comprehensive income - net unrealized gain on available-for-sale securities		5		--

TOTAL STOCKHOLDERS' EQUITY		13,464		11,206

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	15,319	$	12,025