FORT WORTH, Texas, Jan. 20, 2012 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) today announced that two new stores opened this week in Spain – one in Jerez and one in Ubrique. The stores will operate under the name Tandy Leather Factory serving wholesale customers as well as the general public.
| Jerez store address: | Tandy Leather Factory | ||
| Calle de la Industria, 4, Parque Empresarial | |||
| Jerez de la Frontera, Cadiz | |||
| Telephone 856 606 012 | |||
| Store manager: Julio Cabezas | |||
| Store hours: | Monday through Friday | 9:00 am to 6:00 pm | |
| Saturday | 9:00 am to 4:00 pm | ||
| Ubrique store address: | Tandy Leather Factory | ||
| Avenida de la Esperanza, 15 Bajo | |||
| Ubrique, Cadiz | |||
| Telephone 956 460 548 | |||
| Store Manager: Reme Arenas | |||
| Store hours: | Monday through Friday | 9:00 am to 2:00 pm, 4:00 pm to 7:00 pm | |
| Saturday | 10:00 am to 2:00 pm | ||
Jon Thompson, CEO and President, commented, "We are very pleased to get these two stores open as they bring the number of countries in which we have stores to five. We believe the Spanish market will be good for us and having a local presence there will further strengthen our market position and increase our European customer base. We expect there will be some shift of sales to our Spanish customers from our UK store to our Spain stores. However, we also expect that all three of our European stores will continue to grow their respective customer bases and that our European sales overall will increase over time."
Tandy Leather Factory, Inc., http:/www.tandyleatherfactory.com">(http://www.tandyleatherfactory.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 29 Leather Factory stores, located in 19 states and 3 Canadian provinces, 77 Tandy Leather retail stores, located in 36 states and 6 Canadian provinces, and four combination wholesale/retail stores located in the United Kingdom, Spain and Australia. 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">http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.
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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.