Tandy Leather Factory Opens Retail Store in Rapid City, SD |
FORT WORTH, Texas--(BUSINESS WIRE)--July 9, 2007--Tandy Leather Factory, Inc. (AMEX: TLF) announced today that it is opening a new retail store in Rapid City, South Dakota. This is the eighth of twelve planned store openings for 2007 and brings the number of Tandy Leather retail stores to 70. The new store is located at 514 Seventh Street in Rapid City and will be open for business by the end of this week.
Chief Executive Officer and President, Ron Morgan, commented, "This new store fills a gap in the upper Mid-West for us in terms of geographic coverage. Clay Miller will be managing the store. He has worked in several of our stores, including three years in Albuquerque and six months in Colorado Springs."
Tandy Leather Factory, Inc., (http://www.tandyleatherfactory.com), headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products through its 29 Leather Factory stores, located in 19 states, 70 Tandy Leather retail stores, located in 33 states, and Mid-Continent Leather Sales, one store located in Oklahoma. 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 Tandy Leather Factory, Inc. (TLF) 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 Tandy 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 chain of retail stores. These risks include the possibility that stores will not be economically successful or that economic conditions will impede their profitability.
CONTACT: Tandy Leather Factory, Inc.
Ron Morgan, 817-496-4414
or
Shannon L Greene, 817-496-4414
sgreene@tandyleather.com
SOURCE: Tandy 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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Jul 09, 2007 |
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