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P&F Industries Receives Compliance Letter From NASDAQ

MELVILLE, N.Y., April 30, 2010 (GLOBE NEWSWIRE) -- P&F Industries, Inc. (Nasdaq:PFIN) announced today that it has received a letter from The NASDAQ Stock Market on April 28, 2010 stating that the Company has regained compliance with the NASDAQ Listing Rule 5250(c)(1) because the Company filed with the Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended December 31, 2009 on April 27, 2010.

Other Information

P&F Industries, Inc., through its two wholly owned operating subsidiaries, Continental Tool Group, Inc. and Countrywide Hardware, Inc., manufactures and/or imports air-powered tools sold principally to the industrial, retail and automotive markets, 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.

CONTACT:  P&F Industries, Inc.
          Joseph Molino, Jr., Chief Financial Officer
          631-694-9800
          www.pfina.com

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