SOURCE: Arrow Resources Development, Inc.

November 15, 2006 09:19 ET

Arrow Releases Form 10QSB

NEW YORK, NY -- (MARKET WIRE) -- November 15, 2006 -- Arrow Resources Development, Inc. (OTCBB: ARWD), announces the financial results for the fiscal quarter ended September 30, 2006. Arrow's Form 10QSB is listed with the S.E.C. and can be viewed on the company website at www.arrowrd.com.

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

Arrow Resources Development, Inc. provides corporate operating structure, financial operations, sales and marketing activities and 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 and Papua New Guinea. Arrow has signed a similar agreement with Gerakan Masyarakat Pelestari Lingkungan Hidup (GMPLH), and GMPLH's joint venture partner, P.T. Eucalyptus Alam Lestari (owned by Arrow Pacific) for the large scale plantation/farming in Indonesia. Arrow agreements entitle the Company to 10% of all gross revenue generated by all their partners' plantation/farming and mining operations including any and all sales of natural resources and derivative products (e.g. paper, pulp, chips).

Contact Information

  • Contact
    Investor & Public Relations
    William R. St. George Jr.
    212-262-2300
    info@arrowrd.com