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ARWD Arrow Resources Development Inc (CE)

0.00001
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arrow Resources Development Inc (CE) USOTC:ARWD OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00001 0.00 00:00:00

Arrow Starts Geothermal Projects in Pacific Basin

08/03/2012 5:28pm

Business Wire


Arrow Resources Developm... (CE) (USOTC:ARWD)
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Arrow Resources Development, Inc. (“Arrow”), in conjunction with The Asian Development Bank (“ADB”), has commenced the testing process for the construction of the patent-pending Single Well Engineered Electric Turbine System ("SWEETS") Geothermal Power Plant in the Pacific Basin. The test drilling will verify the minimum temperature requirement (450 degrees Fahrenheit) at the first of 2 locations. ADB is committed to provide financing for the subsequent steps which include the development of the engineering plan and construction of these 50MW facilities. To learn more about this development, visit the ADB Project Site.

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/farming operations and Geothermal power plants in Indonesia and the Pacific Basin. Arrow has also signed similar agreements with Gerakan Masyarakat Pelestari Lingkungan Hidup (GMPLH), and GMPLH's joint venture partner, PT Tiga Daun (Indonesian company owned by Arrow Pacific) 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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1 Year Arrow Resources Developm... (CE) Chart

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