Tandy Leather Factory Announces Opening of New Retail Store in Johnston, RI

FORT WORTH, TEXAS, Dec. 19, 2016 -- Tandy Leather Factory, Inc. (NASDAQ:TLF) today announced that it has opened a new retail store in Johnston, RI. The store will operate under the name Tandy Leather and officially opens for business today.

Shannon Greene, Chief Executive Officer, commented, “Despite the challenging retail environment, we are moving forward with our store expansion plans.  This store is our first in Rhode Island and the third store opened this quarter. We are excited to further develop our Rhode Island customer base by establishing a local presence from which we can share our passion for leathercraft.” 

Tandy Leather Factory, Inc., (http://www.tandyleather.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 27 Leather Factory stores, located in 18 states and 3 Canadian provinces, 84 Tandy Leather retail stores, located in 38 states and 6 Canadian provinces, and four combination wholesale/retail stores located in the United Kingdom, Australia, and Spain.  Its common stock trades on the Nasdaq with the symbol "TLF".  To be included on Tandy Leather Factory’s email distribution list, go to http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.

This news release may contain statements regarding future events, occurrences, circumstances, activities, performance, outcomes and results that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Actual results and events may differ from those projected as a result of certain risks and uncertainties. These risks and uncertainties include but are not limited to: changes in general economic conditions, negative trends in general consumer-spending levels, failure to realize the anticipated benefits of opening retail stores; availability of hides and leathers and resultant price fluctuations; change in customer preferences for our product, and other factors disclosed in our filings with the Securities and Exchange Commission.  These forward-looking statements are made only as of the date hereof, and except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:
Shannon L. Greene, Tandy Leather Factory, Inc. (817) 872-3200 or [email protected]
Mark Gilbert, Magellan Fin, LLC (317) 867-2839 or [email protected]