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Tandy Leather Factory Adds Two New Members To Its Board Of Directors

FORT WORTH, Texas, Aug. 11, 2010 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) announced today the appointment of two new members to its Board of Directors. Mark Angus, the company's Senior Vice President, and Bryan Wilkinson will join the Tandy Leather Factory board effective immediately. The addition of these two new members increases the Board to nine members.

Mark Angus has been with the company since 1985 and currently serves as Senior Vice President. He is responsible for product research and development, including intellectual property defense, as well as product costing. He manages the import of product from Asia and is the liaison with our largest vendor. He also oversees our manufacturing factory operation, is involved in product placement with our National Account customers, and manages the sales process to major manufacturers and distributors. 

Mr. Wilkinson currently serves as Vice President of Sales of EMSI, a private medical device company. From 2003 to 2009, he served as Director of Sales. Prior to joining EMSI, he served as Vice President of Sales of PDS Southwest, a family-owned company in the automotive and banking finance and insurance industry from 1994 to 2003. From 1988 to 1994, he was employed by the company and served as Sales Manager and Director of Bulk Sales. 

Wray Thompson, Chairman of the Board, commented, "We are pleased to add Mark and Bryan to our Board of Directors. Mark is a critical member of the company's senior management team. Our Board will benefit from his long-term company and industry experience. Bryan has a very successful sales background. In addition, he worked for us for six years so he understands our business. His strong sales experience will be a nice addition. 

Tandy Leather Factory, Inc., (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, 76 Tandy Leather retail stores, located in 36 states and 6 Canadian provinces, one combination wholesale/retail store located in the United Kingdom, and Mid-Continent Leather Sales, one store located in Oklahoma. 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.

The Tandy Leather Factory, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7760

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:  Tandy Leather Factory, Inc.
          Shannon L. Greene
          (817) 872-3200
          sgreene@tandyleather.com

          Magellan Fin, LLC
          Mark Gilbert
          (317) 867-2839
          MGilbert@MagellanFin.com

Tandy Leather Factory, Inc. Logo

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