Tandy Leather Factory Opens Retail Stores in Ventura, CA and Halifax, Nova Scotia

    FORT WORTH, TEXAS, March 27 /CNW/ - Tandy Leather Factory, Inc. (AMEX:  
TLF) announced today that it is opening Tandy Leather retail stores in
Ventura, CA and Halifax, Nova Scotia, Canada. These are the fourth and fifth
stores of twelve planned store openings for 2007 and bring the number of Tandy
Leather retail stores to 67. The Ventura store is located at 1924 East Main
Street. The Halifax store is located at 75 Akerley Blvd, Unit M in Dartmouth.
Both stores will be open for business next week.

    Chief Executive Officer and President, Ron Morgan, commented, "The
Ventura store is our seventh Tandy Leather store in California and considering
the population in the L.A. basin, this new store should have no problems
developing its own customer base. Edie Hanson, a manager trainee in our
Fountain Valley (Orange County) store for 2 1/2 years, has been promoted to
manager of the Ventura store. We believe there is a good market in far eastern
Canada and our new Halifax store establishes a closer local presence. Brian
Fehr will be managing the Halifax store. He's been training in our Edmonton
store for a year."

    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, 65 Tandy Leather
retail stores, located in 31 states, 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.

For further information:

For further information: Tandy Leather Factory, Inc. Ron Morgan,
817-496-4414 rcmorgan@tandyleather.com or Shannon L Greene, 817-496-4414

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