Updated Research Report (Dated December 2, 2009)
Updated Earnings Note (Dated October 30, 2009)
Updated Research Note (Dated August 3, 2009)
Updated Research Update (Dated June 1, 2009)
Updated Earnings Note (Dated May 1, 2009)
Updated Research Report (Dated March 27, 2009)
Updated Earnings Note (Dated February 26, 2009)
Updated Research Report (Dated November 25, 2008)
Updated Earnings Note (Dated October 30, 2008)
Updated Research Report (Dated September 9, 2008)
Updated Earnings Note (Dated August 6, 2008)
Updated Research Report (Dated May 28, 2008)
Updated Earnings Note (Dated May 1, 2008)
Initial Research Report (Dated April 7, 2008)

*The information and statistical data contained herein have been obtained from sources, which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. 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 statements are the opinion of Taglich Brothers, Inc. and are 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 the reports 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. All research issued by Taglich Brothers, Inc. is based on public information. Within the last three years, Taglich Brothers, Inc. had an Investment Banking relationship with the company mentioned. 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. The company pays a monthly monetary fee of $2,000 (USD) to Taglich Brothers, Inc. for the creation and dissemination of research reports. For further information and Taglich Brothers, Inc. ownership data please refer to each individual report.