FORT WORTH, TEXAS--(BUSINESS WIRE)--Tandy Leather Factory, Inc. (AMEX:TLF) announced today that it is opening a new retail store in Anchorage, Alaska. This is the ninth of ten planned store openings for 2007 and brings the number of Tandy Leather retail stores to 71. The new store is located in the Lake Otis and Tudor Shopping Center at 2217 East Tudor Road in Anchorage and will be open for business by the end of this week.
Chief Executive Officer and President, Ron Morgan, commented, "We're excited about the potential of the Alaskan market. Our store is located next to Alaska Bead Company whose merchandise and customers are a nice complement to ours. Charity Edwards will be managing our store. She has worked in a family-owned leathercraft store located in Alaska for several years, in a management role as well as class instruction. She will be a strong addition to our team of store managers."
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, 71 Tandy Leather retail stores, located in 34 states and 5 Canadian provinces, 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
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