Bioconnect Receives $423,000 of New Purchase Orders.RF Industries Now Listed and Trading on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Global Market Exchange SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- RF INDUSTRIES, LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (NASDAQ:RFIL) today announced that its Bioconnect division has received new purchase orders for $423,000, consisting of a $247,000 contract from a major customer for a complex 24-lead connector and a separate $176,000 contract from a new customer for a single lead product utilizing a female DIN connector (Deutsches Institut fur Normung connector; German Standards Institute connector) A family of plugs and sockets used to connect mice and keyboards to the computer. DIN connectors are also widely used in the audio world. . RF Industries also announced that its common stock commenced trading yesterday on the NASDAQ Global Market. "RFI's 15 years of consecutive profitability and exemplary balance sheet have enabled it to meet listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. and commence trading on NASDAQ's Global Market, a premier exchange for financially strong NASDAQ companies," said Howard Hill Howard Hill (November 13 1899 - February 4 1975) was an archer who was unofficially referred to as the "World's Greatest Archer". He is the only person to win 196 archery field tournaments in succession. , RFI's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "With these new contracts, Bioconnect is back on-track for strong sales growth. The first contract is significant, providing a six month, longer-term product delivery schedule for one of our most important customers. In addition to these orders, Bioconnect also designed, and is currently qualifying, three new connector products for delivery to this same customer in the second half of fiscal 2008. The second contract brings to Bioconnect an important new customer with which we hope to develop a long-term relationship," said George Marks, General Manager, Bioconnect Division. Bioconnect's sales for the first five months of fiscal 2008 exceed total sales for the first half of fiscal 2007. "These contracts, coupled with Aviel's recent receipt of a new contract from a major national defense supplier, have raised RFI's total March 31, 2008 backlog. We anticipate a stronger second half, based on this backlog and opportunities for growth in RFI's other business segments," said Hill. About RF Industries The RF Connectors and Cable Assembly division designs and distributes radio frequency (RF) coaxial connectors and cable assemblies used for Wi-Fi, PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , radio, test instruments, computer networks and antenna devices. Aviel Electronics provides custom microwave and RF Connector solutions to aerospace, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and Government agencies. Worswick provides coaxial connectors and cable assemblies primarily to retail and local multi-media and communications systems customers. RFI's Bioconnect operation designs, manufactures and distributes specialized electrical cabling and interconnect products to the medical monitoring market. Neulink designs and markets wireless digital data transmission products for industrial monitoring, wide area networks, GPS tracking and locations systems. RadioMobile is an OEM provider of End-to-End mobile wireless network solutions for public safety, emergency medical, Transportation and industrial customers. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to future events, the occurrence of which involve risks and uncertainties, including, without limitation, a decrease in the demand for the Company's products as a result of changes in the telecommunications or wireless products markets, increased competition, the effects of recently completed or future acquisitions of other businesses, and other uncertainties detailed in the Company's Securities and Exchange Commission filings. All forward-looking statements are based upon information available to the Company on the date they are published and the Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or new information after the date of this release. 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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