Investor Relations| P&F INDUSTRIES TO REPORT FOURTH-QUARTER AND YEAR-END 2002 RESULTS ON MARCH 27, 2003

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 TO REPORT FOURTH-QUARTER AND YEAR-END 2002 RESULTS ON MARCH 27, 2003

FARMINGDALE, N.Y. ? March 17, 2003 ? P&F Industries, Inc. (Nasdaq NM: PFIN), expects to release its fourth-quarter and year-end 2002 results before the market opens on Thursday, March 27, 2003. The company has scheduled a conference call for 11:00 a.m. Eastern time the same day.

The dial-in number for the conference call is 703-871-3025. A replay of the call will also be available through March 28 beginning at 2:00 p.m. on March 27, and can be accessed by dialing 888-266-2081 or 703-925-2533, passcode # 6457228.

A live webcast of the conference call will be broadcast on the company Web site, www.pfina.com. For those who cannot listen to the live broadcast, an audio replay of the call will also be available on the 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