Investor Relations| P&F INDUSTRIES TO REPORT SECOND-QUARTER RESULTS ON AUGUST 12

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

P&F INDUSTRIES TO REPORT SECOND-QUARTER RESULTS ON AUGUST 12

FARMINGDALE, N.Y. ? Aug. 5, 2003 ? P&F Industries, Inc. (Nasdaq NM: PFIN), expects to release its second-quarter-2003 results before the market opens on Tuesday, Aug. 12. 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 706-634-0167. A replay of the call will also be available through Aug. 14, beginning at 2:00 p.m. on Aug. 12, and can be accessed by dialing 800-642-1687 or 706-645-9291, conference ID # 2156473.

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.

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