Wall Street News Alert's "stocks to watch" this morning are: Arrow
Resources Development, Inc. (OTCBB: ARWD), F3 Technologies, Inc.
(PINKSHEETS: FTCH), Rexahn Pharmaceuticals, Inc. (AMEX: RNN) and
BankUnited Financial Corporation (NASDAQ: BKUNA).
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There is additional news coming from Arrow Resources
Development, Inc. (OTCBB: ARWD), and investors should be watching
the stock closely. Yesterday after the markets closed, the company
issued a press release announcing that it has engaged South Bay
Capital, Inc. to advise the company in its efforts to raise as much
as $10,000,000 for additional operating capital at a conversion
price of $2.00. Arrow had recently filed its 10K annual report for
year ending December 31st, 2008 with the Securities and Exchange
Commission and can be view on the SEC's website.
Last week the company reported it continues to expand its
operations as Arrow and its joint venture partners have agreed to
commence developing 50,000 hectares of critical land in the South
Sulawesi province near the city of Makassar (formerly known as
Ujung Pandang) for the cultivation of large scale corn and
eucalyptus farming.
This news should be welcomed by investors, as the press release
state that this brings the total land under development to 129,000
hectares, or over 300,000 acres and represents an increase of over
60%. Arrow will continue to extend their commitment to sustainable
agriculture and develop only deforested land; land which has been
previously illegally harvested.
Investors are urged to keep a close eye on future developments.
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 Duan
(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.
The stock closed yesterday at Seven cents a share.
For an in-depth profile of Arrow Resources Development, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=ARWD_051209.
F3 Technologies, Inc. (OTC: FTCH) up 92.98% on over 4.1 million
shares traded. F3 Technologies, Inc. (F3) is an Atlanta-based
Software-as-a-Service development company and application service
provider created to provide on demand internet solutions to
consumers and small to mid-sized companies.
Rexahn Pharmaceuticals, Inc. (AMEX: RNN) up 111.63% on 430,801
shares traded. Rexahn Pharmaceuticals is a clinical stage
pharmaceutical company dedicated to commercializing first in class
and market leading therapeutics for cancer, CNS disorders, sexual
dysfunction and other unmet medical needs.
BankUnited Financial Corporation (NASDAQ: BKUNA) up 122.22% on
over 15.9 million shares traded. BankUnited Financial Corp. is the
holding company for BankUnited FSB, the largest banking institution
headquartered in Florida.
Market Commentary:
Prices at the pump rose 2.2 cents to $2.248 a gallon overnight,
according to motor club AAA, Wright Express and Oil Price
Information Service. While the cost for a gallon has risen less
than a quarter in the past month, most of that increase, 16.9
cents, has occurred in just the last week.
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