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Deloitte Advises Tandy Brand Accessories, Inc. on Restructuring

DALLAS, TX. Oct. 28, 2013 – With the help of Deloitte Corporate Finance LLC ("DCF") and Deloitte Financial Advisory Services LLP's Corporate Restructuring Group ("Deloitte CRG"), Tandy Brands Accessories, Inc. ("TBAC" or the "Company") recently restructured its business operations and refinanced its existing debt. DCF acted as the exclusive financial advisor to TBAC in connection with the execution of the new credit facilities, and Deloitte CRG provided the company with financial advisory and restructuring services.

Deloitte CRG was initially engaged to assist TBAC in performing an analysis of the operational and financial performance of the Company. Subsequently, TBAC also engaged DCF to assist management in identifying and raising additional sources of capital. In addition, TBAC engaged John Little of Deloitte CRG as the Company's appointed Chief Restructuring Officer ("CRO") to help TBAC management in executing a restructuring plan designed to increase profitability, improve working capital efficiency and customer service, and reduce overhead.

As a result, TBAC was successful in completing its restructuring plan and raising additional capital with Salus Capital Partners, LLC providing senior financing of up to $29 million and EPK Financial Corporation, d/b/a King Trade Capital providing a purchase and sale facility with $11.5 million of maximum aggregate amount permitted to be outstanding.

About Tandy Brands Accessories
Tandy Brands Accessories, Inc. engages in designing and marketing of men's, women's, and children's accessories in North America. Its product line includes casual, work, dress, and golf belts for men, women, juniors, young men, and children; gifts, such as flashlights, tabletop games, novelty gifts, auto accessories, digital coin banks, and outdoor tools and gadgets; small leather goods consisting primarily of men's and women's wallets; and suspenders, neckwear, hunting accessories, and eyewear assortments. The company markets its products under various private, licensed, and proprietary brand names, including Sperry Top-Sider, Elie Tahari, Eddie Bauer, totes, Miss Me, The Sharper Image, Wolverine, Haggar, Arnold Palmer, Dockers, Eileen West, Bone Collector, Kodiak, Terra, Rolfs, Amity, Canterbury, Prince Gardner, Princess Gardner, Chambers Belt Company, Absolutely Fresh, and Surplus brand names, as well as private brands for retail customers. Tandy Brands Accessories, Inc. sells its products through various retail distribution channels, such as mass merchants, national chain stores, department stores, specialty stores, catalog retailers, golf pro shops, sporting goods stores, and the retail exchange operations of the United States military. The company was founded in 1990 and is based in Dallas, Texas. For more information about the company, visit www.tandybrands.com.

About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC, a FINRA-registered broker-dealer and wholly-owned subsidiary of Deloitte Financial Advisory Services LLP, provides deal execution and lead financial advisory services to large corporate, middle market, and private equity firms. DCF has access to the resources of the Corporate Finance Advisory practices of the member firms within the Deloitte Touche Tohmatsu Limited network of member firms, and their affiliates. Together with DCF, these practices include in excess of 1,600 professionals, working collaboratively across 150 international locations. For more information, visit www.investmentbanking.deloitte.com.

About Deloitte CRG
Deloitte CRG is a leading provider of financial and operational restructuring services, turnaround and performance management, fiduciary services and bankruptcy administrative services to underperforming companies and their advisors, lenders, investors, courts and other stakeholders. We specialize in helping both large multi-national organizations and mid-market companies overcome challenges – from enhancing the performance of healthy companies to complex bankruptcy reorganizations. Deloitte CRG's talent, global reach, and commitment to driving results set us apart and enable us to help create value in the most challenging and complex restructuring matters. For more information, visit www.deloitte.com/us/crg.

As used in this document, "Deloitte" means Deloitte Financial Advisory Services LLP, which provides financial advisory and restructuring services; and Deloitte Corporate Finance LLC, which provides deal execution and lead financial advisory services to large corporate, middle market, and private equity firms. These entities are separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

Deloitte Corporate Finance LLC ("DCF"), member FINRA, is a wholly owned subsidiary of Deloitte Financial Advisory Services LLP ("Deloitte FAS"). Deloitte FAS is a subsidiary of Deloitte LLP. Investment banking products and services within the United States are offered exclusively through DCF.

Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.

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