Investor Relations| P&F INDUSTRIES TO REPORT FOURTH-QUARTER AND YEAR-END RESULTS ON MARCH 29

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Lippert/Heilshorn & Assoc., Inc.
Jody Burfening
Investors Relations
212-838-3777
jburfening@lhai.com

P&F INDUSTRIES TO REPORT FOURTH-QUARTER AND YEAR-END RESULTS ON MARCH 29

FARMINGDALE, N.Y. ? March 16, 2004 - P&F Industries, Inc. (Nasdaq NM: PFIN), expects to release its fourth-quarter and year-end 2003 results before the market opens on Monday, March 29. 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 March 31, beginning at 2:00 p.m. on March 29, and can be accessed by dialing 1-800-642-1687 or 1-706-645-9291, conference ID # 6177385.

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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