Tandy Leather Factory, Inc. to Repurchase Stock From Chairman

Tandy Leather Factory, Inc. TLF announced today that on December 9, 2010, it entered into an agreement to purchase a total of 100,000 shares of the Company's outstanding common stock, par value $0.0024 per share stock from Wray Thompson, the Company's founder and current Chairman of the Board, and his wife, Sally Thompson. The shares subject to such purchase represent approximately 1% of the Company's total outstanding shares of Common Stock. The shares will be purchased for $4.33 per share for a total purchase price of $433,000.