FORT WORTH, Texas, Aug. 27 /PRNewswire/ -- The Leather Factory, Inc. (Amex: TLF) today announced that it is opening a new sales and distribution unit in Chicago (Elgin), Illinois next week. With the new unit, the company will have 28 locations domestically, and two locations in Canada.
Wray Thompson, Chairman and Chief Executive Officer of The Leather Factory, Inc. commented, "We have a strong customer base in Chicagoland and are pleased to be establishing a local presence there. We have hired William E. (Bill) Johnson to manage the new store and are expecting good results from his efforts. Bill is a former Tandy Leather regional manager and has over 25 years of experience in the leathercraft business. We are confident in his abilities to successfully expand our Illinois business."
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 sales and distribution units located throughout the U.S. and Canada and through its subsidiary, Tandy Leather Company, via 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.
"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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