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Arrow Resources Development: Arrow to Receive Initial Solar Equipment Delivery


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Published in Business and Finance on Wednesday, September 16th 2009 at 7:25 GMT by Market Wire   Print publication without navigation


NEW YORK, NY--(Marketwire - September 16, 2009) - Arrow Resources Development, Inc. (OTCBB: [ ARWD ]), as a continuation of the Equipment Purchase Agreement with 7,100 Group Inc., will be receiving the first, small power solar generation system this month and expects this system to be operational in October. Arrow has identified sites for the installation of the initial 1 MW of solar power. Under the current Indonesian energy tariff, approximately $.06 per watt, the initial 1 MW will generate $6 million per year than the cost of the installation is approximately $7 million. The equipment purchase agreement calls for Arrow to install and operate solar energy equipment capable of producing a minimum of 500 MW and a maximum of 2,000 MW throughout in Indonesia during the next four years.

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.


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