updated 6/14/2011 2:15:49 PM ET 2011-06-14T18:15:49

FORT WORTH, Texas, June 14, 2011 (GLOBE NEWSWIRE) -- Tandy Leather Factory, Inc. (Nasdaq:TLF) announced today that it opened a new retail store in Orem, Utah this week. This is the first new store opening in 2011 and brings the number of Tandy Leather retail stores to 77. The new store is located in the Norwest Business Park at 541 North 1200 West in Orem.   

Chief Executive Officer, Jon Thompson, commented, "We have two stores in Salt Lake City and one to the north in Roy, and all are performing very well. Opening in the Provo area gives us the opportunity to further expand business to the south of the city. While our 2011 store opening plans are focused on international locations, we always consider domestic locations that have a good chance of being successful in the current economic environment and we believe this is one of those locations."

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.
         (817) 872-3200 or sgreene@tandyleather.com
         
         Mark Gilbert, Magellan Fin, LLC
         (317) 867-2839 or MGilbert@MagellanFin.com

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