San Diego, CA 7/9/2009 9:08:05 PM
Tandy Brands - New Year, New Plan, New Stock
Tandy Brands Accessories Inc. (TBAC) may have finally turned the corner with a new eyewear division and its 2010 compensation plan.
The compensation plan for Tandy Brands Accessories Inc. (TBAC) management team as well as the beginning of a new fiscal year may also mark a new trend for Tandy's stock. Shares were sinking and volume was thinning out leading up to the board's meeting. Once the 2010 plan was unveiled, Tandy Brands shares changed their complexion; yesterday's trade for TBAC was the highest in weeks.
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In March, as part of a plan to stave off further losses stemming from declining sales, Tandy Brands Accessories announced the company would be launching an Eyewear Division. The new Tandy division is expected to have an accretive impact beginning in the first quarter of the new fiscal year, which began on July 1st.
About Tandy Brands Accessories, Inc.
Tandy Brands Accessories, Inc. (TBAC) designs and markets fashion accessories for men, women and children. Key product categories include belts, wallets, handbags, suspenders, gifts sporting goods and eyewear. Merchandise is sold under various national brand names as well as private labels to all major levels of retail distribution, including the e-commerce web sites for Rolfs(r) at www.rolfs.net and Sport Beads at www.sport-beads.com.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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