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FORT WORTH, Texas, Feb. 29, 2016 -- Tandy Leather Factory, Inc. (NASDAQ:TLF) announced today that it is opening a new retail store in Nyack, NY. This brings the number of retail stores to 83 and the first new store opened in 2016. The store will open this week at 298 Main Street in Nyack.
Interim Chief Executive Officer, Shannon L. Greene, commented, “We are pleased to be opening this new store in Nyack as it provides us with a local presence that is closer to New York City and surrounding areas. We have a solid customer base in that area and believe we can continue to grow that base by being in closer proximity.”
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 28 Leather Factory stores, located in 19 states and 3 Canadian provinces, 82 Tandy Leather retail stores, located in 36 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]
