Arrow Updates the Funding Plans Program
December 10 2013 - 10:15AM
Business Wire
The Board of Directors of Arrow Resources announced today
that Newport Partners electee, a sponsoring partner in Arrow's
prospective financing plan has informed the Company that the
depository bank is reviewing all of its large transactions to
assure that they meet Basel III Capital
Requirements compliance.
Arrow feels this will be accomplished during the first quarter
of 2014.
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,
212-262-2300Investor Relationsinfo@arrowrd.com
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