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To: molemania who wrote (23462)	3/15/2007 3:39:29 PM
From: Jibacoa	Read Replies (2) \| Respond to of 23958

RFIL Reported its 4thQ(Oct)results on Jan 29. Don't expect results for the 1stQ(Jan)for a while.<g>

To: molemania who wrote (23462)	3/20/2007 10:25:30 AM
From: Sergio H	Read Replies (1) \| Respond to of 23958

RFIL filed for an extension for their report: <RF Industries Ltd. (the "Company") is unable to file its Quarterly Report on Form 10-QSB for the fiscal quarter ended January 31, 2007 by the scheduled filing deadline as a result of its further review and assessment under SFAS 123R and the resulting impact to our income tax provision. SFAS 123R became effective for the Company on November 1, 2006, and this is the first fiscal quarter in which the Company has had to apply SFAS 123R to its stock option grants. The matters under review by the Company do not involve recently publicized concerns regarding the timing of the award of stock options and related accounting issues that have come to light at other companies.> Earnings were slighltly lower: <Net sales for the fiscal quarter ended January 31, 2007 decreased by approximately 7% from net sales for the fiscal quarter year ended January 31, 2006, decreasing to $3,152,128 from $3,374,912. For the January 31, 2007 fiscal quarter, gross profit was $1,261,707, compared to gross profit for the January 31, 2006 fiscal quarter of $1,560,569. Because the impact of SFAS 123R is not precisely known, the Company is unable to quantify its net income for the fiscal quarter ended January 31, 2007. However, based on its current estimates, net income in the fiscal quarter ended January 31, 2007 is expected to decrease primarily as a result of option expensing issues to approximately $33,000 from $265,000 during the same fiscal quarter in 2006.>