SOURCE: Arrow Resources

August 14, 2008 09:49 ET

Arrow Proceeds With Financing

NEW YORK, NY--(Marketwire - August 14, 2008) - Arrow Resources Development, Inc. (OTCBB: ARWD) 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

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.).

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