Press ReleaseSource: Arrow Resources

Arrow Proceeds With Financing
Thursday August 14, 2008 9:49 am ET

NEW YORK, NY--(MARKET WIRE)--Aug 14, 2008 -- Arrow Resources Development, Inc. (OTC BB:ARWD.OB - News) announces that Arrow Pacific Resources Group Limited (BVI company), Arrow Resources Development, Inc.'s partners have opened 700 ha of its initial allocated 40,000 ha project to develop large scale corn and eucalyptus tree farming/plantation operations. This initial corn harvest entitles Arrow Resources to 10% of all gross revenue generated from these plantation and farming operations of Arrow Pacific Resources Group Limited in Indonesia. Arrow Resources, as a result of this commencement of operations, has intensified its effort to complete an equity financing of up to $35 million to further operations in Indonesia. More information on Arrow Resources Development, Inc., along with the company's public filings and press releases, can be viewed on their website at www.arrowrd.com.

About Arrow Resources Development, Inc. ("Arrow")

Arrow Resources Development, Inc. develops and coordinates corporate operations, finance, sales and marketing activities along with the administration of the corporate citizenship programs for natural resource development companies in the Asian market. Its initial relationship with Arrow Pacific Resources Group Limited (BVI company) is for the development of large scale plantation/farming and mining operations in Indonesia. Arrow has signed a similar agreement with Gerakan Masyarakat Pelestari Lingkungan Hidup (GMPLH), and GMPLH's joint venture partner, PT Tiga Duan (Indonesian company owned by Arrow Pacific) for the large scale plantation/farming and ethanol plants in Indonesia. Arrow's agreements entitle the Company to 10% of all gross revenue generated by all their partners' plantation/farming including any and all sales of natural resources and derivative products (e.g. paper, pulp, chips, etc.).


Contact:
     Contact
     Investor & Public Relations
     212-262-2300
     Email Contact
     http://www.arrowrd.com
      

Source: Arrow Resources


Mail to Friend Email Story
Alerts Set News Alert
Printer
Version  Print Story 


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Marketwire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.