Investor Relations| P&F INDUSTRIES TO REPORT THIRD-QUARTER RESULTS ON NOVEMBER 12, 2002

Press Releases

Lippert/Heilshorn & Assoc., Inc.
John Nesbett
Investors Relations
212-838-3777
jnesbett@lhai.com or www.lhai.com

P&F INDUSTRIES TO REPORT THIRD-QUARTER RESULTS ON NOVEMBER 12, 2002

FARMINGDALE, N.Y. ? Nov. 4, 2002 ? P&F Industries, Inc., (Nasdaq NM: PFIN) expects to release its third-quarter-2002 results before the market opens on Tuesday, Nov. 12, 2002. The company has scheduled a conference call for 11:30 a.m. Eastern Time the same day.

The dial-in number for the conference call is 703-871-3086. A replay of the call is also available for 24 hours beginning at 2:30 p.m. on Nov. 12, and can be accessed by dialing 888-266-2081 or 703-925-2533, passcode # 6286592.

A live webcast of the conference call will be broadcast on our web site, www.pfina.com. For those who cannot listen to the live broadcast, an audio replay of the call will be available on the P&F Industries site.

P&F Industries, Inc., through its four wholly-owned subsidiaries, Florida Pneumatic Manufacturing Corporation, Green Manufacturing, Inc., Embassy Industries, Inc., and Countrywide Hardware, Inc., manufactures and/or imports air-powered tools, hydraulic cylinders, baseboard and radiant heating products, and residential and commercial hardware. P&F?s products are sold under their own trademarks, as well as under the private labels of major manufacturers and retailers.

P&F Industires, Inc. make available forms & documents which are available for download. These forms & documents are in Adobe® PDF (portable document file) format. In order to view these forms & documents, you must have Adobe® Acrobat® 7 Reader. If you don't have the reader, you can download it for free from Adobe® by clicking here or on the "Get Acrobat® Reader" icon below.

Download Acrobat 6 Reader