| Leather Factory Announces Addition to the Board |
FORT WORTH, Texas--(BUSINESS WIRE)--Dec. 8, 2003--The Leather Factory, Inc. (AMEX:TLF) today announced that Michael A. Nery has joined The Leather Factory, Inc.'s Board of Directors. Mr. Nery's firm manages Nery Capital Partners, L.P., an investment fund that purchased Leather Factory shares in a private transaction announced in September. His prior experience includes securities analysis at Fidelity Management and Research Co. in Boston and later co-management of a Denver-based hedge fund. Mr. Nery is a graduate of Williams College.
Wray Thompson, Chairman and Chief Executive Officer of The Leather Factory, Inc. explained, "Mr. Nery will be a valuable addition to our Board of Directors. His fund's long-term commitment to our company and general philosophy regarding business strategy mirror those of our Board and management."
The Leather Factory, Inc., (http://www.leatherfactory.com), headquartered in Fort Worth, Texas, is an international marketer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, shoe repair supplies, saddle and tack hardware, and do-it-yourself kits, and is a manufacturer and distributor of fancy hat trims, leather lacing and kits. The Company distributes its products through 30 warehouse distribution units located throughout the U.S. and Canada and through its subsidiary, Tandy Leather Company, via 26 retail stores and mail/telephone/website orders (http://www.tandyleather.com). Its common stock trades on the American Stock Exchange with the symbol "TLF."
This news release may contain forward-looking statements. All forward-looking statements made here or in other news releases issued by The Leather Factory, Inc. are based on current expectations as of the date of the release. These forward-looking statements involve risks and uncertainties that could cause the results of The Leather Factory, Inc. to differ materially from management's current expectations. Many of these risks and uncertainties are detailed from time to time in TLF's reports filed with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and the most recent quarterly report on Form 10-Q. Investors are reminded that past performance may not be predictive of future results.
CONTACT: The Leather Factory, Inc., Fort Worth Wray Thompson, 817-496-4414 or Shannon L. Greene, sgreene@leatherfactory.com SOURCE: The Leather Factory, Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Tandy Leather Factory, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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| Dec 08, 2003 |
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