RF Industries Announces the Resignation of Board Members David Sandberg and J. Randall Waterfield
RF Industries Ltd. (NASDAQ: RFIL) announced today that it has
accepted the resignation of David Sandberg and J. Randall Waterfield
from its board of directors, effective immediately.
Howard Hill, CEO of RFI, stated, “We appreciate David and Randy’s
service over the past several years and we wish them the best of luck in
their future endeavors. We look forward to commencing our search for two
new independent directors to best represent the interests of our
shareholders.”
About RF Industries
RFI manufactures, designs and distributes Radio Frequency (RF)
connectors and cable assemblies, medical cabling products, RF wireless
products and fiber optic cable products. Coaxial connectors, cable
assemblies and custom microwave RF connectors are used for Wi-Fi, PCS,
radio, test instruments, computer networks, antenna devices, aerospace,
OEM and Government agencies. Medical Cabling and Interconnector products
are specialized custom electrical cabling products for the medical
equipment monitoring market. RF Wireless products include digital data
transceivers for industrial monitoring, wide area networks, GPS tracking
and mobile wireless network solutions. Fiber optic cable, connector and
harness products serve computer, aerospace, computer networking and
specialty applications.
Forward-Looking Statements
This press release contains forward-looking statements with respect
to future events which are subject to a number of factors that could
cause actual results to differ materially. Factors that could
cause or contribute to such differences include, but are not limited to:
changes in the telecommunications industry; the operations of the Cables
Unlimited division which was acquired in June 2011; and the Company’s
reliance on certain distributors for a significant portion of
anticipated revenues. Further discussion of these and other
potential risk factors may be found in the Company’s public filings with
the Securities and Exchange Commission (www.sec.gov)
including its Form 10-K. 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.
