Tandy Leather Factory Names Tina L. Castillo, Chief Financial Officer and Treasurer

FORT WORTH, Texas, Feb. 09, 2017 -- Tandy Leather Factory, Inc. (NASDAQ:TLF) today announced that Tina L. Castillo has been promoted to Chief Financial Officer and Treasurer of the Company, effective February 7, 2017.  Ms. Castillo replaces Shannon L. Greene who had been serving as the Company’s Chief Financial Officer and Treasurer since her appointment to those positions in May 2000.  Since February 2016, Ms. Greene has also been serving as the Company’s Chief Executive Officer.  Ms. Greene will continue in her role as the Company’s Chief Executive Officer.

Ms. Castillo, 46, has served as TLF’s Controller since February 2016.  Prior to joining TLF, Ms. Castillo has served in various senior financial leadership roles since 2009, including as Chief Financial Officer at another publicly traded company based in Fort Worth.  Ms. Castillo began her career in 1994 in the audit practice group at Ernst & Young LLP and received her Bachelor in Business Administration degree, as well as her Master in Professional Accounting degree, from the University of Texas.  She is a Texas certified public accountant.

Shannon Greene, Chief Executive Officer, commented, “I’m thrilled to have Tina join our executive team.  As we move forward with our goal to improve our performance through organic growth and expansion of our retail footprint, I expect that her experience in financial discipline and leadership will add value as we continue to face challenging retail headwinds.” 

Ms. Castillo stated, “Tandy Leather Factory has an incredible legacy, a unique brand and most importantly, a team of talented employees that I’m delighted to be a part of.  I look forward to using my talents and perspective as we continue to position Tandy Leather for further success.” 

Tandy Leather Factory, Inc., (http://www.tandyleather.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 28 Leather Factory stores, located in 18 states and 3 Canadian provinces, 84 Tandy Leather retail stores, located in 38 states and 6 Canadian provinces, and four combination wholesale/retail stores located in the United Kingdom, Australia, and Spain.  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.

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 [email protected]

Mark Gilbert, Magellan Fin, LLC
(317) 867-2839 or [email protected]