ARISE provides additional details regarding options outstanding previously announced February 8, 2007



    WATERLOO, ON, March 16 /CNW/ - At the request of the TSX Venture
Exchange, ARISE Technologies Corporation (TSX-V: APV) (ADAX: A3T) today
provides additional details regarding options outstanding, previously
announced February 8, 2007. At that time, the Company announced that the
number of options outstanding had increased on a net basis to 4,960,500, and
that the increase reflected options granted with exercise prices between $0.25
to $0.88 per option to several recent hires, less certain options that had
expired.
    The number of options outstanding as at February 8, 2007 has not changed.
    Specific details of the options granted between November 1, 2006 and
February 8, 2007 are as follows:

    
    -------------------------------------------------------------------------
                                 Exercise
    Date of Grant      Quantity     Price         Expiry Date       Position
    -------------------------------------------------------------------------
    November 13, 2006    25,000     $0.76   November 13, 2011       Director
    -------------------------------------------------------------------------
    December 11, 2006   600,000     $0.46   December 11, 2011        Officer
    -------------------------------------------------------------------------
    December 27, 2006   300,000     $0.51   December 27, 2011        Officer
    -------------------------------------------------------------------------
    December 29, 2006   300,000     $0.51   December 29, 2011        Officer
    -------------------------------------------------------------------------
                                                                    Investor
    February 1, 2007     75,000     $0.88    February 1, 2012      Relations
    -------------------------------------------------------------------------

    Specific details of the options expired between November 1, 2006 and
February 8, 2007 are as follows:

    -------------------------------------------------------------------------
    Date of Grant                     Quantity                Exercise Price
    -------------------------------------------------------------------------
    August 26, 2005                     25,000                         $0.25
    -------------------------------------------------------------------------
    April 27, 2006                     250,000                         $0.41
    -------------------------------------------------------------------------
    July 21, 2006                      225,000                         $0.41
    -------------------------------------------------------------------------
    

    Also at the request of the TSX Venture Exchange, the exercise price for
25,000 options granted to a Director was amended to $0.76 from $0.35, based on
the discounted market price on the date of the original news release of
February 8, 2007.

    About ARISE

    ARISE Technologies is dedicated to accelerating the use of solar energy
in mainstream North American markets. The Company's shares are listed on the
TSX Venture Exchange under the symbol APV. 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, 321 Shoemaker
Street, Kitchener, Ontario, Canada N2E 3B3, T: (519) 725-2244, F: (519)
725-8907, www.arisetech.com; David Ward, Director, Communications & Investor
Relations, T: (519) 725-2244, C: (416) 953-7638, david.ward@arisetech.com

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ARISE TECHNOLOGIES CORPORATION

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