Investor Relations| P & F INDUSTRIES, INC. ANNOUCES REVISED STOCK SYMBOL

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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. ANNOUCES REVISED STOCK SYMBOL

FARMINGDALE, NY, MARCH 1, 2000 - P & F INDUSTRIES, INC., (NASDAQ NM: PFINA) , today announced that, effective at the opening of trading on The Nasdaq Stock Market today, the Company's shares will be trading under the new NASDAQ symbol PFIN. The shares had formerly been trading under the symbol PFINA.

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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