SOURCE: Arrow Resources

September 09, 2008 10:55 ET

Arrow to Harvest Initial Crop

NEW YORK, NY--(Marketwire - September 9, 2008) - Arrow Resources Development, Inc. (OTCBB: ARWD) 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 Information