P&F INDUSTRIES conducts their business operations through three wholly-owned subsidiaries. Embassy Industries, Inc. is engaged in the manufacture and sale of base board heating products and the importation and sale of radiant heating systems. Embassy also imports a line of door and window hardware items through its Franklin Hardware division. Florida Pneumatic Manufacturing Corporation is engaged in the importation, manufacture and sale of pneumatic hand tools, primarily for the industrial and retail markets, and the importation and sale of compressor air filters.