Investor Relations| P & F INDUSTRIES, IN ANNOUNCES REDEMPTION OF 13.75% SUBORDINATED DEBENTURES.

Press Releases

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

P & F INDUSTRIES, IN ANNOUNCES REDEMPTION OF 13.75% SUBORDINATED DEBENTURES.

Farmingdale, New York, December 18, 1997 - P & F Industries, Inc. ( Nasdaq NM: PFINA) today announced that it will redeem all of the Company's 13.75% Subordinated Debentures, totalling $1,369,200, on January 30, 1998. The Debentures will be redeemed at 1000f the principal amount thereof plus accrued interest from January 1, 1998.

P & F Industries, Inc., through its two wholly-owned subsidiaries, manufactures and imports air-powered tools, manufactures baseboard and radiant heating products, manufactures and imports various hardware items and compressor air filters, markets a line of pipe cutting and threading tools and manufactures heavy-duty pipe wrenches.

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