MELVILLE, N.Y., July 8, 2013 /PRNewswire/ -- P&F Industries, Inc. (NASDAQ: PFIN) has been added as a member of the Russell Microcap® Index after the equity markets closed on June 28, 2013 as Russell Investments reconstituted its family of global indexes.
Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell Investments determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
"We are pleased to be included in the Russell Microcap Index," said Richard A. Horowitz, P&F's Chairman, Chief Executive Officer and President "We believe that our inclusion in the index is a positive reflection of our continued success and we hope that such inclusion will increase our visibility within the investment community and enhance shareholder value."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.
About P&F Industries, Inc. 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 fencing hardware, door and window hardware and kitchen and bath hardware, primarily to the housing industry. P&F's products are sold under their own trademarks, as well as under the private labels of major manufacturers and retailers.
Safe Harbor Statement. 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 strength of the retail, industrial, housing and other markets in which the Company operates, the impact of competition, product demand, supply chain pricing, the Company's debt and debt service requirements and those other risks and uncertainties described in the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and its other reports and statements filed by the Company with the Securities and Exchange Commission. These risks could cause the Company's actual results for the 2013 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.
SOURCE P&F Industries, Inc.