Investor Relations| P&F INDUSTRIES COMPLETES PURCHASE OF PACIFIC STAIR PRODUCTS

Press Releases

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

P&F INDUSTRIES COMPLETES PURCHASE OF PACIFIC STAIR PRODUCTS

FARMINGDALE, N.Y., January 4, 2006 ? P&F Industries, Inc. (Nasdaq NM:PFIN) today announced that it has completed the acquisition of substantially all of the assets of Pacific Stair Products (?PSP?), a privately-owned manufacturer of premium stair rail products and a distributor of staircase components to the building industry, primarily in southern California and the southwestern region of the United States. PSP, located in Vista, California, is a profitable entity with approximate annual revenues of $5 million.

P&F Industries, Inc., through its two wholly-owned operating subsidiaries, Florida Pneumatic Manufacturing Corporation and Countrywide Hardware, Inc., manufactures and/or imports air-powered tools and various residential hardware such as staircase components, kitchen and bath hardware, fencing hardware and door and window hardware. P&F?s products are sold under their own trademarks, as well as under the private labels of major manufacturers and retailers.

This is a Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those related to the Company?s future performance, and those contained in the comments of management, are based upon the Company?s historical performance and on current plans, estimates and expectations, which are subject to various risks and uncertainties, including, but not limited to, the impact of competition, product demand and pricing, and those described in the reports and statements filed by the Company with the Securities and Exchange Commission, including, among others, those described in the Company?s Annual Report on Form 10-K for the fiscal year ended December 31, 2004. These risks could cause the Company?s actual results for the 2006 fiscal year and beyond to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

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