Tandy Brands announces 4 cents per share dividend

15 Feb '08

3 min read

J.S.B. Jenkins, Chief Executive Officer, commented, "Our business has continued to be impacted by the generally difficult conditions in the consumer marketplace. While this has affected business for nearly all retail companies, we are by no means satisfied with our performance. We are taking immediate action to implement a number of improvements to our operating infrastructure and operating policies to improve our earnings and to resume growth in sales."

Completion of Strategic Review:
Mr. Jenkins continued, "Our board of directors has recently completed a comprehensive strategic review process exploring all the ways in which we might increase value for our shareholders. Throughout the past year, we evaluated a range of alternatives and options, including an in-depth examination of a potential sale of the Company as well as a number of potential acquisitions and other opportunities.

In the final analysis, we have determined that our best course of action at this time, given the state of the capital markets and the outlook for the retail industry, is to focus on improving our core business. The initiatives we are now focusing on will allocate our resources towards increasing predictable and sustainable cash flows in our core businesses."

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