Tandy Leather Factory Withdraws From Telsey Consumer Conference Due To Threats From Animal Rights Activists

FORT WORTH, Texas, March 15, 2011 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) announced today that its invitation to present at the Telsey Advisory Group's 3 ^rd Annual Consumer Conference on March 31, 2011 in New York City has been rescinded due to security concerns. Conference organizers recently became aware of threats made by animal rights activist groups against Tandy Leather Factory and its management.  

Jon Thompson, CEO and President, commented, "I appreciate the safety concern for all conference participants on behalf of the venue and the conference organizers. However, it is unfortunate that we have been denied the opportunity to participate in this consumer conference because of threats from a radical activist group who is convinced that we participate in the abuse of animals."

Shannon Greene, CFO and Treasurer, added, "We would like to thank the Telsey team for the invitation to present to the institutional community. We recognize that the average market cap of the presenters there is 80 times that of Tandy. We would be delighted to speak or meet with any of the institutions that are in attendance at the TAG conference at their convenience."

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, and one combination wholesale/retail store located in the United Kingdom. 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: Shannon L. Greene, Tandy Leather Factory, Inc.
         [phone] or [e-mail]
         
         Mark Gilbert, Magellan Fin, LLC
         [phone] or [e-mail]