FORT WORTH, TEXAS – Tandy Leather Factory, Inc. (AMEX: TLF) announced today that it expects to open Tandy Leather retail stores in Raleigh, NC and Lubbock, TX in early January 2006. These are the first of twelve planned store openings in 2006 and bring the number of Tandy Leather retail stores to 52. The Raleigh store will be located at 6514 Old Wake Forest Road. The Lubbock store will be located at 4116 Avenue Q.
Chairman and Chief Executive Officer, Wray Thompson, commented, "We are excited to get our 2006 growth plan started with these two stores. John Shaffer will be managing the Raleigh store. He has been training for a year with one of our most successful managers and is expected to do well running his own store. Lucinda Mann will be the manager in Lubbock. She has owned a leathercraft retail store for more than 5 years and is very familiar with the industry."
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".
Contact: Wray Thompson, Tandy Leather Factory, Inc. (817) 496-4414
Shannon L. Greene, Tandy Leather Factory, Inc. sgreene@leatherfactory.com
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.
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