Displaying items by tag: Orient Paper

Orient Paper, Inc. (AMEX: ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in northern China, today announced that the Company has successfully completed the construction and installation of the paper manufacturing equipments at its new 360,000 tons corrugating medium paper production facility.

Following the completion of construction and installation of equipments, the Company is currently engaged in carrying out limited testing procedures with its current power supply system on separate sections of its new production line, and in recruiting and training new employees. Meanwhile, Orient Paper is coordinating with the local government and electricity department to activate the Company's new power station, which will be the primary source of power supply for the new corrugating paper production line. The Company expects the new power station to be activated and the commercial production of the production line to be officially launched in the near term.

Recent pictures of the new 360,000 tons corrugating medium paper line can be viewed at the below link: http://www.orientpaperinc.com/Picture.html

"With the completion of construction and installation of the paper manufacturing equipments, we are now making progress on testing procedures. We also expect to conduct complete trial runs after our new power station is activated," commented Mr. Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper. "We have been working towards expanding our capacity over the past few years. We believe at our new facility, we will produce high-quality products that will further strengthen our market reputation and increase our market share."

SOURCE Orient Paper, Inc.

Orient Paper, Inc. (AMEX: ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in Hebei, China, today announced the launch of its new corporate website under the domain name http://www.orientpaperinc.com .

The Company's new website provides detailed information about Orient Paper's corporate history, product portfolio, environmentally friendly manufacturing practices, and a note from Chairman and Chief Executive Officer, Mr. Zhenyong Liu, in both English and Chinese. The new website also includes a comprehensive investor relations section that provides investors access to the Company's operating and financial information including press releases, recent presentations, corporate governance, SEC filings, stock price information and upcoming investor events.

"We are pleased to officially launch our new corporate website," said Mr. Liu. "We believe our new website will further enhance our communications with our customers, investors and business partners. We expect our website to become an effective information resource and are committed to maintaining a high level of transparency and disclosure."

About Orient Paper, Inc.

Orient Paper, Inc., through its wholly owned subsidiary, Shengde Holdings, Inc., controls and operates Baoding Shengde Paper Co., Ltd. ("Baoding Shengde"), and Hebei Baoding Orient Paper Milling Co., Ltd ("HBOP"). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, and other paper and packaging-related products in China. The Company uses recycled paper as its primary raw material. Baoding Shengde, founded in June 2009 located in Baoding, is engaged in the production and distribution of digital photo paper. As one of the largest paper producers in Hebei Province, China, HBOP is strategically located in Baoding, a city in close proximity to Beijing where the majority of publishing houses are based. Orient Paper is led by an experienced management team committed to diversifying the Company's product offering and delivering tailored services to its customers. For more information, please visit http://www.orientpaperinc.com .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the Company's ability to introduce new products; the Company's ability to implement the planned capacity expansion of corrugated medium paper; market acceptance of new products; general economic and business conditions; the ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information, please contact:

    CCG Investor Relations
     Mr. Crocker Coulson, President
     Phone: +1-646-213-1915
     Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
     Web:   http://www.ccgirasia.com

     Orient Paper, Inc.
     Winston Yen, Chief Financial Officer
     Phone: +1-562-818-3817
     Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Orient Paper, Inc.

Orient Paper, Inc. a leading manufacturer and distributor of diversified paper products in Hebei, China, today announced that in order to provide the highest level of transparency to its shareholders, the Company's Board of Directors has decided to retain Loeb & Loeb LLP, who plans to work with the Company's Audit Committee to retain a Big Four audit firm, to conduct an independent investigation into the issues raised by Muddy Waters, LLC ("Muddy Waters").

"The Audit Committee of the Board of Directors of Orient Paper firmly believes that the allegations made by Muddy Waters are categorically false and without merit," stated Mr. Drew Bernstein, Independent Director and Audit Committee Chair. "We have decided to take the exceptional step of retaining a top-tier international law firm and a Big Four audit firm to conduct an independent third-party investigation into these accusations in order to further reassure our investors of the integrity of our financial statements, business operations, customer and supplier relationships, and the use of proceeds from our capital markets activities."

Mr. Zhenyong Liu, Chief Executive Officer, added, "We are confident that this investigation will vindicate the company's financial disclosures to be accurate in all material respects."

SOURCE Orient Paper, Inc.

About Orient Paper, Inc.

Orient Paper, Inc., through its wholly owned subsidiaries, Shengde Holdings, Inc., controls and operates Baoding Shengde Paper Co., Ltd. ("Baoding Shengde"), and Hebei Baoding Orient Paper Milling Co., Ltd ("HBOP"). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, writing paper, and other paper and packaging-related products in China. The Company uses recycled paper as its primary raw material. Baoding Shengde, founded in June 2009 located in Baoding, is engaged in the production and distribution of digital photo paper. As one of the largest paper producers in Hebei Province, China, HBOP is strategically located in Baoding, a city in close proximity to Beijing where the majority of publishing houses are based. Orient Paper is led by an experienced management team committed to diversifying the Company's product offering and delivering tailored services to its customers. For more information, please visit http://www.orientalpapercorporation.com .

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, anticipated revenues from the digital photo paper business segment; the actions and initiatives of current and potential competitors; the Company's ability to introduce new products; the Company's ability to implement the planned capacity expansion of corrugated medium paper; market acceptance of new products; general economic and business conditions; the ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information, please contact:

CCG Investor Relations

Athan Dounis, Account Manager
Tel:   +1-646-213-1916
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Crocker Coulson, President
Phone:   +1-646-213-1915
Email:   This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: http://www.ccgirasia.com

Orient Paper, Inc.

Winston Yen, Chief Financial Officer
Phone: +1-562-818-3817 (Los Angeles)
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.