Arrow’s Partner Sign Equipment Supply Agreement
September 29 2010 - 8:30AM
Business Wire
Arrow Resources Development, Inc. (OTCBB: ARWD) announces that
its joint venture partner, PT Tiga Daun, has entered into an
equipment purchase agreement with P.T. Agro-Indus Indonesia. P.T.
Agro-Indus Indonesia (www.agro-indus.com) supplies agricultural and
industrial machinery as well as plant engineering throughout Asia.
P.T. Agro-Indus Indonesia will supple Arrow’s project with over
$100 million worth of industrial farming equipment over the initial
3 years with the project schedule to recommence within the
immediate future.
For more information about the company, please visit their
website at www.arrowrd.com.
About Arrow Resources Development, Inc.
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 and
farming operations in Indonesia. Arrow has signed a similar
agreement with Gerakan Masyarakat Pelestari Lingkungan Hidup
(GMPLH), and GMPLH's joint venture partner, PT Tiga Daun
(Indonesian company owned by Arrow Pacific) for the large scale
plantation/farming 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. For more information about the
company, please visit their website at www.arrowrd.com.
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.
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