2008-05-28 04:05:19 -

- Orient Paper Inc. (OTCBB: OPAI) (the "Company"), one of China's largest paper milling manufacturers announced today that the Company is planning to build a new paper milling production facility in the second half of 2008 with annual production totaling 1.2 million tons.

The facility will occupy approximately 2 million square meters with its main products being corrugated paper,

offset paper, writing paper and Diazo paper. Once the facility is operational, initial production is anticipated to be approximately 0.5 million tons. It is estimated that by 2010, annual production could reach approximately 1.2 million tons. It is expected that by 2010, sales will be between $800 million and $1.3 billion with net income in the range of $160 million to $230 million.

Mr. Zhenyong Liu, CEO of Orient Paper stated, "The completion of our new facility will enable us to rapidly increase our income and profitability over the next two to three years. It is going to be a very large facility that will enable us to compete with the biggest paper businesses in China as well as the rest of the world. This is just another positive step forward for our growing Company and its shareholders".

Orient Paper has engaged China BCEL International Engineering Co. Ltd to issue a feasibility report with regard to this paper milling production facility. The location will be in the Hebei Province Baoding City Xushui Town where Orient Paper Inc. is headquartered. Preliminary approval has been granted by the local government.

Currently, the Company has approximately one hundred customers and with its location near Beijing positions itself in a market that consumes approximately 15,000 tons of paper each day.

About Orient Paper

Orient Paper Inc. is a rapidly developing paper company in China. The company is engaged in the manufacture and distribution of paper in China. Today, the company serves over 140 packaging producers and printing companies with a diversified product offering that includes corrugated paper, high-grade offset paper, mid-grade offset paper and writing paper from eight manufacturing facilities in northeast China.

For more information, please visit: www.orientalpapercorporation.com.

Forward-Looking Statements

With the exception of historical information, the matters discussed in this press release and on our website referenced herein include forward-looking statements that involve a number of risks and uncertainties about Orient Paper and its subsidiaries and their respective businesses and products within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. The actual results may differ materially depending on a number of risk factors including, but not limited to, the general economic and business conditions in the People's Republic of China, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competitors, changes in technology, and various other factors beyond its control. In some cases, you can identify forward-looking statements by use of words such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other similar words. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks factors detailed in the Company's reports filed with the Securities and Exchange Commission. Orient Paper undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Orient Paper, Inc.
Susan Luo, 011-86-312-8605508
info@orientalpapercorporation.com