Investor Relations| P&F INDUSTRIES ENTERS INTO CONTRACT FOR SALE OF BUILDING
P&F INDUSTRIES ENTERS INTO CONTRACT FOR SALE OF BUILDING
Richard Horowitz, the Company?s Chairman and Chief Executive Officer, commented, ?We are extremely pleased to have entered into this contract in a relatively short period of time since the sale of the Embassy business in October and to be able to utilize the building?s equity for other corporate purposes. We expect to relocate our corporate headquarters to a leased facility in Melville, NY during the first quarter of fiscal 2006.?
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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