Tandy Leather Factory, Inc. (AMEX: TLF) announced today that it is
opening a new retail store in Cheyenne, Wyoming. This is the first
domestic store opening in 2008 and brings the number of Tandy Leather
retail stores to 73. The new store is located at 3701 East Lincolnway in
Cheyenne and will be open for business next week.
Chief Executive Officer, Ron Morgan, commented, "Wyoming
is a logical market for us and we are looking forward to establishing a
local presence there. Richard Lopez will be managing our store. He has
35 years of experience in the leather industry having worked for several
leather goods manufacturers and has been training in one of our Colorado
stores for the last year. Richard is a great addition to our store
management team and we expect he will do well in Cheyenne."
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 and 3 Canadian provinces, 73 Tandy Leather retail stores,
located in 35 states and 5 Canadian provinces, one combination
wholesale/retail store located in the United Kingdom, and Mid-Continent
Leather Sales, one store located in Oklahoma. Its common stock trades on
the American Stock Exchange with the symbol "TLF". To be included on
Tandy Leather Factory's email distribution
list, go to http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.
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.
Tandy Leather Factory, Inc. Shannon L. Greene, 817-872-3200 sgreene@tandyleather.com or Magellan
Fin, LLC Mark Gilbert, 317-867-2839 MGilbert@MagellanFin.com |