Arrow to Generate Solar Power
08 Settembre 2009 - 6:50PM
Marketwired
Arrow Resources Development, Inc. (OTCBB: ARWD) (herein "Arrow")
has entered into an Equipment Purchase Agreement with 7,100 Group
Inc. 7,100 Group Inc. owns a master distribution concession for the
sale of solar power equipment within the United States, Indonesia,
Philippines, South America and North Africa, and is engaged in
distributing equipment to generate and transmit solar power and
energy for usage and/or sale to its customers. Arrow intends to
install and operate solar energy equipment capable of producing a
minimum of 500 MW and a maximum of 2,000 MW throughout Indonesia.
The site for the initial solar power site was chosen to coincide
with the site of Arrow Resources Development, Inc. and PT. Tiga
Daun Nusantara large scale plantation/farming and ethanol plants in
Indonesia. This will be the initial site to showcase the patented
technology of the solar power as well as provide the energy for the
Agriculture and later Ethanol project of Arrow and PT. Tiga Daun
Nusantara. The remainder of the energy not utilized by PT. Tiga
Daun Nusantara will be sold to PT. Perusahaan Listrik Negara (PLN)
to provide an alternative, environmentally friendly renewable
energy to the surrounding area which has been plagued with an
inconsistent electricity supply. 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 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. 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.
Contact: Arrow Resources Development, Inc. Investor Relations
Email Contact
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