Investor Relations| P & F INDUSTRIES, INC. ANNOUNCES STOCK REPURCHASE AUTHORIZATION
Harriet Fried/Klea Theoharis
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P & F INDUSTRIES, INC. ANNOUNCES STOCK REPURCHASE AUTHORIZATION
Richard Horowitz, Chairman, President and CEO of P&F Industries, commented, "We believe that the repurchase of the Company's shares is an excellent use of our cash and is in the best interests of our shareholders."
P & F Industries, Inc., through its three wholly owned subsidiaries, Florida Pneumatic Manufacturing Corporation, Green Manufacturing, Inc. and Embassy Industries, Inc. manufactures and/or imports air-powered tools, hydraulic cylinders, baseboard and radiant heating products. The Company also imports various security hardware items and compressor air filters, markets a line of pipe-cutting and threading tools and makes heavy-duty pipe wrenches. P&F's products are sold under their own trademarks as well as under the private labels of major manufacturers and retailers.
This is a "Safe-Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based upon the Company's historical performance and on current plans, estimates and expectations. Forward-looking statements speak only as of the date on which they are made, and the company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
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