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Taglich Brothers Initiates Coverage
of
Orchids Paper Products Company
NEW YORK, April 8, 2008 Taglich Brothers, Inc.
announces it has initiated coverage of Orchids Paper Products Company
(AMEX: TIS).
Headquartered in Pryor, Oklahoma, Orchids Paper
Products manufactures bulk tissue paper, known as parent rolls, and
converts parent rolls into a full line of tissue products, including
paper towels, bathroom tissue and paper napkins for the private label
segment of the consumer, or at home, market. The Company has focused
its product design and manufacturing on the discount retail market,
primarily the dollar store retailers, due to their consistent order
patterns, limited number of stock keeping units offered and the growth
being experienced in this channel of the retail market.
The complete 19-page report is available at
www.taglichbrothers.com.
*Taglich
Brothers, Inc. is a full-service broker dealer focused exclusively on
microcap companies. The Company defines the microcap segment of the
equity market as companies with less than $250 million in market
capitalization. Taglich Brothers currently offers institutional and
retail brokerage services, investment banking and comprehensive research
coverage to the investment community. We do not undertake to advise you
as to changes in figures or our views. This is not a solicitation of any
order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its
clearing firm, Pershing, LLC, is not a market maker and does not sell to
or buy from customers on a principal basis. The above statement is the
opinion of Taglich Brothers, Inc. and is not a guarantee that the target
price for the stock will be met or that predicted business results for
the company will occur. There may be instances when fundamental,
technical and quantitative opinions contained in this report are not in
concert. We, our affiliates, any officer, director or stockholder or any
member of their families may from time to time purchase or sell any of
the above-mentioned or related securities. Analysts and members of the
Research Department are prohibited from buying or selling securities
issued by the companies that Taglich Brothers, Inc. has a research
relationship with, except if ownership of such securities was prior to
the start of such relationship, then an Analyst or member of the
Research Department may sell such securities after obtaining expressed
written permission from the Director of Research. As of the date of this
report, Michael Taglich, President of Taglich Brothers, Inc., owns or
has a controlling interest in 466,716 shares of TIS common stock and
35,050 warrants. Robert Taglich, Managing Director of Taglich Brothers,
Inc., owns or has a controlling interest in 41,948 shares of TIS common
stock and 35,050 warrants. Richard Oh, Director of Research and Managing
Director of Taglich Brothers, Inc., owns 8,233 shares of TIS common
stock and 10,000 warrants. Doug Hailey, Director of Investment Banking
at Taglich Brothers, Inc. and a Director of Orchids Paper Products
Company, owns 10,000 shares of TIS common stock and 30,000 warrants.
Other employees at Taglich Brothers, Inc., also own or have a
controlling interest in 22,377 shares of TIS common stock and 39,900
warrants. Within the last three years, Taglich Brothers, Inc. had an
Investment Banking relationship with the company mentioned in this
report. In March 2004, Orchids Acquisition Group, Inc. was formed by
Taglich Brothers, Inc. and Weatherly Group, LLC exclusively for the
purpose of acquiring all of the outstanding shares of Orchids Paper
Products Company, and was subsequently merged into the Company. In July
2005, Orchids completed its initial public offering (of which Taglich
Brothers, Inc. was the managing underwriter) and began trading on the
American Stock Exchange under the symbol TIS. All research issued by
Taglich Brothers, Inc. is based on public information. The company will
pay a monthly monetary fee of $2,000 (USD) to Taglich Brothers, Inc. for
the creation and dissemination of research reports upon distribution of
the initial report. |