Tandy Leather Factory to Open Two Retail Stores in April 2006 |
FORT WORTH, Texas--(BUSINESS WIRE)--March 30, 2006--Tandy Leather Factory, Inc. (AMEX:TLF) announced today that it plans to open Tandy Leather retail stores in Merrillville, IN and San Bernardino (Highland), CA. These new stores are #7 and #8 of twelve planned store openings in 2006 and bring the number of Tandy Leather retail stores to 58. The Merrillville store will be located at 2460 West Lincoln Highway. The San Bernardino store will be located at 3545 E Highland Avenue in Highland. Both stores will be open by the middle of April.
Chairman and Chief Executive Officer, Wray Thompson, commented, "We are making good progress in our planned store openings for 2006. Opening stores in the early part of the year should increase the likelihood that they will reach profitability by year-end. Dennis Hull, who has been the manager in our Detroit store, will be taking the reigns in the Merrillville store. Broderick Simons, currently the manager in our San Diego store, will be transferring to San Bernardino."
Tandy Leather Factory, Inc., 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 as The Leather Factory through its wholesale distribution centers and as Tandy Leather Company through its retail stores. 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., Fort Worth
Wray Thompson, 817-496-4414
or
Shannon L. Greene, 817-496-4414
sgreene@leatherfactory.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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Mar 30, 2006 |
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