FORT WORTH, Texas, Aug. 10, 2005 (PRIMEZONE) -- Tandy Leather Factory, Inc. (AMEX:TLF) announced today that it is opening a Tandy Leather retail store in Montgomery, AL. The store is expected to open next week. This is the fifth retail store opened in 2005 and will bring the total number of Tandy Leather retail stores to 47.
Chairman and Chief Executive Officer, Wray Thompson, commented, "We're excited to be opening in Alabama as we have a solid customer base already established there. Nick Silva will be the store manager. He has been training in our Dallas store for a year and is ready for the challenge of running his own store."
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.