|
| ||||||||||||||
Arrow to Harvest Initial Crop NEW YORK, NY--(MARKET WIRE)--Sep 9, 2008 -- Arrow Resources Development, Inc. (OTC BB:ARWD.OB - News) announces
that Arrow Pacific Resources, Arrow's partner, is preparing
to harvest the first 300ha (Hectares) of its corn crop as
part of the large
scale corn and eucalyptus tree farming/plantation operations.
This initial
corn harvest, scheduled for October 10th, is expected to
yield $575,000 of
gross revenue to the operation, of which Arrow Resources
Development will
receive 10% of all gross revenue. Going forward, the ongoing
crop cycle
will yield an estimated $2,100,000 to be harvested every
two weeks
thereafter. Arrow Resources Development, 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
|  | |||||||||||||
