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Press Release - RF Industries, Ltd. (RFIL-NASDAQ)
“One of our niches is we design our connectors and products for multiple applications and promote the products on this basis. I like to say our biggest asset is our sales force and our management team because we are a very customer oriented company and we bend over backwards to provide service for our customers...” - Howard F. Hill (RFIL) (Interview published August 22, 2008)
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RF Industries Recognized by Forbes as One of America's "200 Best Small Companies"
RFI Also Ranked With San Diego's 50 Fastest Growing Tech Companies
Monday October 20, 7:30 am ET
SAN DIEGO--(BUSINESS WIRE)--RF INDUSTRIES, LTD., (NASDAQ:RFIL - News) today announced that Forbes Magazine has again recognized RFI as one of the 200 Best Small Companies in America in its October 27, 2008 issue. RFI was ranked 142nd on the publication's annual list, up from 183rd in 2007, based on sales and earnings growth, return on equity and related factors.
"Forbes notes that RFI's five-year sales have advanced at an annual rate of approximately 12% per year and EPS have increased at a 23% annual rate. We have posted record quarterly sales and earnings in three of the past four quarters and most recently achieved record sales for our third quarter ended July 31, 2008. This growth has continued into the current fiscal fourth quarter ending October 31, 2008. We are pleased that both Forbes' and Deloitte have recognized our accomplishments," said Howard Hill, RFI's President and CEO.
The Forbes 200 Best Small Companies ranking is limited to firms with sales between $5 and $750 million and a share price over $5. Companies were ranked based on return on equity, sustained growth and net profits in the recent year and five-year periods.
Deloitte's Technology Fast 50 program is presented by Deloitte & Touche USA LLP in association with Barney & Barney, Cushman & Wakefield, Thompson Search Group, Bowne, Union Bank of California, Latham & Watkins, Oracle, San Diego Business Journal, Focus Creative Group, AeA, KPBS and BIOCOM. The program is a listing of the 50 fastest growing technology companies in a given geographic area based on five-year percentage growth.
About RF Industries
The RF Connectors and Cable Assembly segment designs and distributes radio frequency (RF) coaxial connectors and cable assemblies used for Wi-Fi, PCS, radio, test instruments, computer networks and antenna devices. This business segment includes Aviel Electronics, which provides custom microwave and RF Connector solutions to aerospace, OEM and Government agencies, Worswick, which provides coaxial connectors and cable assemblies primarily to retail and local multi-media and communications systems customers and Bioconnect, which designs, manufactures and distributes specialized electrical cabling and interconnect products to the medical monitoring market. The RF Wireless segment includes Neulink, which designs and markets wireless digital data transmission products for industrial monitoring, wide area networks, GPS tracking and locations systems and RadioMobile, an OEM provider of End-to-End mobile wireless network solutions for public safety, emergency medical, transportation and industrial customers.
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.
Neil Berkman Associates
RF Industries, Ltd.
Howard Hill, President
Source: RF Industries, Ltd.
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