Investor Relations| P&F INDUSTRIES REVISES TABLE CONTAINED IN PREVIOUSLY ISSUED PRESS RELEASE

Press Releases

P&F Industries, Inc.
Joseph A. Molino, Jr.
Chief Financial Officer
631-694-9800
www.pfina.com

P&F INDUSTRIES REVISES TABLE CONTAINED IN PREVIOUSLY ISSUED PRESS RELEASE

MELVILLE, N.Y., March 31, 2011 - P&F Industries, Inc. (Nasdaq: PFIN) issued a press release on March 29, 2010 entitled "P&F Industries Reports Year over Year Increase of $1.5 Million in After Tax Income from Continuing Operations". The Company has revised such press release to reflect a reclassification of certain debt from short-term to long-term. As such, the "Current maturities of long-term debt", "Total current liabilities" and "Long-term debt, less current maturities" line items as of December 31, 2010 have been revised, as reflected in the December 31, 2010 balance sheet contained in the following table:

CONSOLIDATED CONDENSED BALANCE SHEETS (PDF)

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