Bought a model 301 steel 6-string acoustic in 1970 in Palos Verdes (Southern CA) for around $100 new. It's been in a closet in it's original case for most of the last 30 years (I never played much). Other than a few scratches on the back from belt buckles, it's in great condition.
Back in the mid 1970s at a party in the Malibu area, a friend of a friend -- a session guitarist who had worked with Jackson Browne and Linda Ronstadt (testing my memory now...David Lindey or Lindsey, something like that) played around with it for a few minutes and wanted to buy it from me immediately. He said the action was as good as his Martin 6 string, and the sound superb. I thought about it seriously, but decided to keep it (despite being a college student who could have used the money). Later that evening when I told him my decision, he smiled and told me to never sell it; he said this guitar had great sound and was worth way more than the original cost.
Judging from the previous posts, many other people agree -- Orlando made (or was the name brand put on) a quality guitar from Japan with a great sound at a relatively inexpensive price. Inexpensive does not mean cheap. Almost every musician who has played my guitar over the years has tried to talk me into selling it, and that alone speaks volumes.
I originally found this thread googling Orlando guitars because I was considering selling it, since I don't play it. But after reading this thread, I think I'll keep it. Someday, someone will appreciate it, even though it's hard to find any information about the history of Orlando guitars!