| Leather Factory Announces Tandy Leather Retail Store Opened in Dallas |
FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 5, 2002--The Leather Factory, Inc. (AMEX: TLF) announced today that its subsidiary, Tandy Leather Company, has opened a retail store in Dallas, Texas.
Wray Thompson, Chairman and Chief Executive Officer of The Leather Factory, Inc. commented, "This is our tenth new Tandy Leather store opened in the United States in 2002. Our Leather Factory store in nearby Mesquite has a strong customer base and we anticipate similar results for this new store. Ray Baker, who manages our Leather Factory store in the Dallas area, will be overseeing the Tandy store there as well."
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 sales and distribution units located throughout the U.S. and Canada and through its subsidiary, Tandy Leather Company, via 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. In addition, investors should be aware that there are business risks associated with opening a new line of retail stores. These risks include the possibility that stores will not be economically successful or that economic conditions will impede their profitability.
Contact:
The Leather Factory, Inc.
Wray Thompson, 817/496-4414
or
Shannon L. Greene, sgreene@leatherfactory.com
"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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| Aug 05, 2002 |
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