Arrow Approves Funding Plans From LOGX Capital
NEW YORK--(BUSINESS WIRE)-- The Board of Directors has approved a funding package presented by the LOGX Capital Group, LTD of Hong Kong to fully implement it's business plan to develop sustainable plantations as well as to build two ethanol plants in Indonesia. LOGX Capital Group, LTD is the lead equity investor utilizing international funding programs for large scale infrastructure projects in developing countries. The proposed package is sufficient to completely develop all plantation operations, the ethanol plants (with capacity of one million liters per day each) and to meet all the Company's current and future obligations of this program. The Company anticipates completion of the financing within 30-45 days subject to completion of all multi-party agreements.
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 Ethanol plants in Indonesia and the Pacific Basin. 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.
Arrow Resources Development, Inc.
Peter Frugone, 212-247-4447
KEYWORDS: United States Asia Pacific North America New York Hong Kong
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