08 per diluted share. He currently serves as President and Chief
Executive Officer of McLane Company, Inc.

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(Nasdaq NM:TBAC) today announced preliminary
financial results for the third quarter ended March 31, 2005."
Mr.

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05 to $0.
J. S. B. The dial-in number for the call is
(913) 981-4911. Merchandise is sold under various national brand names as
well as private labels to all major levels of retail distribution,
including the ROLFS e-commerce web site at www. Those
and other risks are more fully described in the Company's filings with
the Securities and Exchange Commission.

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We look forward to further discussing our planned
initiatives , as well as our guidance for the fourth quarter, during
our scheduled third quarter conference call .

During this time, he helped guide the evolution of
the company into a leading distributor within the grocery and food
service industry. Mr.

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Tandy Brands Accessories Announces Preliminary Third Quarter 2005 Results

Key product
categories include belts, wallets, handbags, suspenders, socks ,
scarves, neckwear, gifts, sporting goods, and cold weather and hair
accessories. designs, manufactures and markets
fashion accessories for men, women and children.

Accessories are those items normally worn with or that are part of clothing outfits to include handbags, wallets and belts.

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Total revenues for the third quarter are expected to be
approximately $44 million, which is in line with the company 's
previous outlook of $43 to $46 million.
Mr.

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For those who are unable to listen to the live
broadcast, an audio replay of the call will be available through
Friday, April 29, 2005, and can be accessed by dialing (719) 457-0820,
passcode #5497798. Mr."
Tandy Brands Accessories, Inc.

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in May 2003.

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20 per diluted share, compared to its previous third quarter 2005
earnings per share guidance of $0. The
net loss relates to softer than expected results during March,
particularly in the company's women's mass merchant accessory
business, increased selling, general and administrative expenses, and
higher than anticipated return experience related to the ETON gift
accessory business . ET. The Board
of Directors approved a quarterly dividend of $0.
Also today, the Company announced the election of Grady Rosier to
the Company's Board of Directors.

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net

About Tandy Brands Accessories , Inc. Those
and other risks are more fully described in the Company's filings with
the Securities and Exchange Commission.

Business Editors

ARLINGTON, Texas----Tandy Brands
Accessories , Inc.
Those risks include, among other things, the competitive environment
in the industry in general and in the Company's specific market areas,
inflation, changes in costs of goods and services and economic
conditions in general and in the Company's specific market area.

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Our men's business , which already benefits from some of
the improvements that need to be made to our women's group, continues
to exceed our expectations. Merchandise is sold under various national brand names as
well as private labels to all major levels of retail distribution,
including the ROLFS e-commerce web site at www.

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We are working aggressively to return the
women's mass merchant business to acceptable levels of profitability
and performance.
Those risks include, among other things, the competitive environment
in the industry in general and in the Company's specific market areas,
inflation, changes in costs of goods and services and economic
conditions in general and in the Company's specific market area. Rosier joined McLane Company in 1984 as
President, McLane/Sunwest and has since served in senior and executive
management roles throughout the company's value chain, including
purchasing , distribution, marketing and customer service.

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15 and
$0. We believe that our initiatives, while still being
finalized, will properly address the issues impacting this segment of
our business.rolfs .

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The company expects to report
a per share net loss for the third quarter ranging between $0.net

Safe Harbor Language

Except for historical information contained herein, the statements
in this release are forward-looking and made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995.

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, a publicly-traded energy company.net
Except for historical information contained herein, the statements
in this release are forward-looking and made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995.

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viavid. Rosier has over 30 years of experience in the retail and
distribution industries.

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While the level of returns in our gift
accessories business was higher than expected in the third quarter,
the financial performance of ETON remains strong and above our
internal plan.
"We are very pleased to have Grady serve on our Board of
Directors," said Britt Jenkins, President and Chief Executive Officer. Key product
categories include belts, wallets, handbags, suspenders, socks,
scarves, neckwear, gifts , sporting goods, and cold weather and hair
accessories.

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The reductions in traffic
during the Easter shopping season and competitive retail pressures,
created a challenging market environment, particularly in the women's
mass merchant business segment. Jenkins concluded, "We continue to believe strongly in our
market opportunities.
"He brings a wealth of operating knowledge and strategic insight to
our business.

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Consumer
demand toward the end of the quarter was affected by adverse weather
conditions in many parts of the country.

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m. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in future
periods to differ materially from forecasted or expected results.

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A live webcast of the conference call will also be
broadcast at: www. (Nasdaq NM: TBAC) today announced that the Board of
Directors approved the Company's seventh quarterly dividend.

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"
The Company is scheduled to release its third quarter 2005
financial results on April 22, 2005, and will hold a conference call
that same day at 10:00 a.

Tandy Brands Accessories, Inc. designs, manufactures and markets
fashion accessories for men, women and children.0275 per common share
that will be payable April 20, 2005, to shareholders of record at the
close of business on March 31, 2005. Formerly a
subsidiary of Wal-Mart Stores, McLane Company was acquired by
Berkshire Hathaway Inc.

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We believe that the issues impacting
our women's business in the third quarter will carry over into the
fourth quarter.rolfs., a position he has held for
nearly 10 years. We look forward to his contributions as we continue to
expand our business.

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Business Editors

ARLINGTON, Texas----Tandy Brands
Accessories, Inc. Jenkins, President and Chief Executive Officer,
commented, "We are clearly disappointed with our recent results and
near-term outlook , which have not met our expectations. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in future
periods to differ materially from forecasted or expected results.

Tandy Brands Accessories Announces Seventh Consecutive Quarterly Dividend; Announces Addition of Grady Rosier to Board of Directors

Rosier also serves on the
Board of Directors of KFx Inc.

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---

- - kjjkjk

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