ARISE files amended June 30, 2007 interim consolidated financial statements



    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S.
    NEWS WIRE SERVICES/

    WATERLOO REGION, ON, Oct. 5 /CNW/ - ARISE Technologies Corporation
(TSX-V: APV) announced today that it has filed amended unaudited interim
consolidated financial statements for the second quarter and six months ended
June 30, 2007. The amendment to the statements follows the review of the
statements by the Company's external auditors in connection with the filing by
the Company of a short form prospectus.
    The Company's financial results as reported are not affected by the
amendment. The amendment includes corrections of certain typographical errors
and additional note disclosures relating to (i) segmented information, (ii)
changes in accounting policies relating to new reporting standards for
financial instruments, and (iii) components of ARISE's cash and cash
equivalents.
    Complete copies of the Company's amended unaudited interim consolidated
financial statements for the second quarter and six months ended June 30, 2007
can be obtained from the Company's web site at www.arisetech.com or on SEDAR
at www.sedar.com.

    About ARISE

    ARISE Technologies is dedicated to accelerating the use of solar energy
in mainstream markets. The Company's shares are listed on the TSX Venture
Exchange under the symbol APV and on the Frankfurt open market exchange under
the symbol A3T. Additional information is available at www.arisetech.com and
www.sedar.com. Certain statements contained in this press release may be
considered as forward-looking. Such forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ materially
from estimated or implied results. The TSX Venture Exchange has neither
approved nor disapproved the contents of this news release.
    %SEDAR: 00017494E




For further information:

For further information: ARISE Technologies Corporation, 65 Northland
Road, Waterloo, Ontario, Canada, N2V 1Y8, T: (519) 725-2244, F: (519)
725-8907, www.arisetech.com; David Chornaby, Chief Financial Officer, T: (519)
772-5732, dave.chornaby@arisetech.com

Organization Profile

ARISE TECHNOLOGIES CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890