ORLANDO, Fla., Feb. 12, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies Inc., today announced that it has dropped research coverage on Tandy Leather Factory, Inc. (AMEX:TLF).
RedChip Companies' initial rating of a "Buy" and a target price of $11.60 and a recent rating of "Buy" and a target price of $8.20 are no longer active. For further information on RedChip Companies, our "rating" system, and our dropping coverage policy, please visits www.redchip.com and review any and all pertinent policies and disclosures.
About Tandy Leather Factory, Inc.
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 through its 29 Leather Factory stores, located in 19 states and 3 Canadian provinces, 72 Tandy Leather retail stores, located in 32 states and 6 Canadian provinces, and Mid-Continent Leather Sales, one store located in Oklahoma. For additional information please visit www.tandyleatherfactory.com.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip Radio(tm) and RedChip Visibility Research Program services. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
"Discovering Tomorrow's Blue Chips Today."(tm)
RedChip Independent Research Disclosure
The analysts contributing to this TLF RedChip report do not hold any shares of TLF. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the TLF RedChip report. Additional information on the securities mentioned in this report is available upon request. This TLF RedChip report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the TLF RedChip report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. TLF is not a client of RedChip Companies, Inc., or any of its affiliates.