Tandy Leather Factory Announces Opening of Leathercraft Store in Northampton, UK

Tandy Leather Factory, Inc. (AMEX:TLF) today announced that its
new store opened this week in Northampton, UK. The store will operate
under the name Tandy Leather Factory serving both wholesale customers
as well as the general public. John McNiven, President of the
Company´s Canadian operation, will be managing the store.

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Store Address: Tandy Leather Factory
Unit 2 Crofton Oak
N. Portway Close
Round Spinney Industrial Estate
Northampton NN3 8RQ
Telephone 01604 647910

Store hours: Monday through Friday 8:30 am to 5:30 pm
Saturday 9:00 am to 4:00 pm

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Ron Morgan, CEO and President, commented, "We are excited about
the potential of this store and are pleased with the job John has done
in getting it set up and ready to open. He has been in contact with
numerous customers and walked several trade shows there in the last
several weeks getting leads on new customers. John has more than 40
years of experience in the leathercraft industry and knows how to run
a successful operation. I expect he will do a great job getting this
store off to a good start."

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, 72 Tandy
Leather retail stores, located in 32 states and 6 Canadian provinces,
and Mid-Continent Leather Sales, one store located in Oklahoma. Its
common stock trades on the American Stock Exchange with the symbol
"TLF".

This news release may contain forward-looking statements. All
forward-looking statements made here or in other news releases issued
by Tandy Leather Factory, Inc. (TLF) are based on current expectations
as of the date of the release. These forward-looking statements
involve risks and uncertainties that could cause the results of Tandy
Leather Factory, Inc. to differ materially from management´s current
expectations. Many of these risks and uncertainties are detailed from
time to time in TLF´s reports filed with the Securities and Exchange
Commission, including its most recent annual report on Form 10-K and
the most recent quarterly report on Form 10-Q. In addition, investors
should be aware that there are business risks associated with opening
a new chain of retail stores. These risks include the possibility that
stores will not be economically successful or that economic conditions
will impede their profitability.