/ Source: GlobeNewswire
MELVILLE, N.Y., March 31, 2011 (GLOBE NEWSWIRE) -- P&F Industries, Inc. (Nasdaq:PFIN) issued a press release on March 29, 2010 entitled "P&F Industries Reports Year over Year Increase of $1.5 Million in After Tax Income from Continuing Operations". The Company has revised such press release to reflect a reclassification of certain debt from short-term to long-term. As such, the "Current maturities of long-term debt", "Total current liabilities" and "Long-term debt, less current maturities" line items as of December 31, 2010 have been revised, as reflected in the December 31, 2010 balance sheet contained in the following table:
CONTACT: P&F Industries, Inc. Joseph A. Molino, Jr. Chief Financial Officer 631-694-9800 www.pfina.com