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Category:  Press » Agriculture

 

Arrow Making Significant Progress in Plantation Operations and Geothermal Plant Operations

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2011-05-13 23:06:22     
arrowrd.com

NEW YORK, May 13, 2011 -- Arrow Resources Development, Inc. (OTCBB: ARWD) The Company is pleased to announce that it has made significant progress in recommence plantation operations and expects to continue in several other locations within the next 12 to 18 months. The Company's initial site in Kendari of 40,000 Ha (100,000 acres), which originally commenced operations in 2008, will continue operations first. The Company currently controls sites on the islands of Sulawesi, Kalimantan and Sumatera and is in final planning stages to select the next site to commence operations. The Company's initial cash crop of corn will only enhance revenue due to the rising market price over the last two years.

The Company has also received approval from the Asian Development Bank to commence its Geothermal Power Plant deployment in Indonesia. Funding for the site development plan and site selection has already been initiated and the Company anticipates completing these activities within the next few months. The Company has been busy moving ahead on all fronts and anticipates positive financial developments in 2011.

The Company will be announcing further developments in this regard as they occur.

About Arrow Resources Development, Inc.

Arrow Resources Development, Inc. develops and coordinates corporate operations, finance, sales and marketing activities along with administrative activities, both in the Unites States and Indonesia and manages the corporate citizen program for this natural resource development company in the Asian market. Its relationship with Arrow Pacific Resources Group Limited (BVI Company) is for the development of large scale plantation, farming and geothermal operations in Indonesia. The Joint Venture partners include Arrow Pacific, Gerakan Masyarakat Pelestari Lingkungan Hidup (GMPLH), one of Indonesia's larger non-profit organizations and PT Tiga Daun (Indonesian company owned by Arrow Pacific's Indonesian operating Company). Arrow Resources' 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.

Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Specialized in: Arrow Resources Development - Geothermal Plant Operations
URL: http://www.arrowrd.com
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