Investor Relations| P & F INDUSTRIES, INC. APPOINTS NEW MEMBER OF THE BOARD

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Lippert/Heilshorn & Assoc., Inc.
Harriet Fried/Klea Theoharis
Investors Relations
212-838-3777
klea@lhai.com or www.lhai.com

P & F INDUSTRIES, INC. APPOINTS NEW MEMBER OF THE BOARD

FARMINGDALE, NY, APRIL 5, 2000 - P & F INDUSTRIES, INC., (NASDAQ NM: PFIN) announced the appointment of Robert M. Steinberg to the Board of Directors, effective March 31st. Mr. Steinberg is Vice Chairman of Reliance Group Holdings, Inc., a property and casualty insurance company based in New York. He will replace Earle K. Moore, who retired in December of 1999.

Richard Horowitz, Chairman, President and CEO of P & F Industries, stated, "We welcome Mr. Steinberg to the Board of Directors and look forward to his contributions. His experience in running a well-established, public company with a long history of success makes him a valuable addition to the Board."

P & F Industries, Inc., through its three wholly owned subsidiaries, Florida Pneumatic, Green Manufacturing and Embassy Industries, manufactures and/or imports air-powered tools, hydraulic cylinders, and 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.

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