Orchids Paper Products Co. (NYSE AMEX:TIS)

The Company was formed in April 1998 to acquire it's present facilities located in Oklahoma out of a predecessor company's bankruptcy and subsequently changed it's name to Orchids Paper Products Company.

In March 2004, Orchids Acquisition Group, Inc. acquired The Company  for a price of $21.6 million. Orchids Acquisition Group, Inc. was formed exclusively for the purpose of acquiring all of the outstanding shares of Orchids Paper Products Company, and the two subsequently merged.

In July 2005, Orchids Paper Products completed its initial public offering of 2,156,250 shares of common stock. Following the offering, 4,156,250 shares of common stock were outstanding.

*691,232 shares collectively owned, representing 10.7% of all outstanding shares.