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Message #22
From: NewsBot
Date: March 22, 2007 12:02:00 PM

RFDL News 6-For-1 Stock Split and $75M LOI Discussed in WallStreetReporter Interview

DENVER--(BUSINESS WIRE)--RFID LTD. (OTC: RFDL) announced today that the company’s president, Nicholas Chavez, is profiled in an interview and webcast with the Wall Street Reporter Magazine.

During the interview, which can be accessed on the web site http://www.wallstreetreporter.com, Mr. Chavez discussed the reasoning behind RFID LTD.’s management decision to support the 6-for-1 stock split in December 2006 as well as some detail surrounding the $75M LOI with RFID Leasing.

"The first quarter of 2007 has been one of heavy preparation for RFID LTD.," Mr. Chavez stated. "We have been negotiating participation in high-level engagements that we plan to announce in the coming weeks."

“This is a very exciting time, and we are thankful that we are able to share some detail with our existing and potential shareholders via the WallStreetReporter,” stated Mr. Chavez.

About RFID LTD.

RFID LTD. (OTC: RFDL) is the world leader in formulating, testing and deploying vendor-neutral UHF radio frequency identification (RFID) solutions for small to medium-sized businesses required to comply with Wal-Mart (NYSE: WMT), Target (NYSE: TGT), Best Buy (NYSE: BBY), Home Depot (NYSE: HD) and Department of Defense RFID compliance mandates.

All company and product names may be trademarks of the respective companies with which they are associated.

Forward-Looking Statements

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

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