ARISE Technologies Corporation announces increase of bought deal common share offering to $30 million



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

    WATERLOO, ON, Sept. 24 /CNW/ - ARISE Technologies Corporation ("ARISE" or
the "Company") (TSX-V: APV) (ADAX: A3T) is pleased to announce that the
syndicate of underwriters led by Canaccord Adams and Clarus Securities Inc.,
and including CIBC World Markets Inc., D&D Securities Company, Dundee
Securities Inc. and Loewen, Ondaatje, McCutcheon Limited have increased the
size of the previously announced bought deal by an additional $5 million for a
total deal size of approximately $30 million, all on the terms set forth in
the Company's earlier press release, including the over-allotment option.

    This press release does not constitute an offer of the securities
described herein in any jurisdiction. The securities described herein have not
been and will not be registered under the United States Securities Act of
1933, as amended, or the securities laws of any state and may not be offered
or sold in the United States absent an exemption from registration.

    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; Ian MacLellan, President and CEO, T: (519)
772-5707, ian.maclellan@arisetech.com

Organization Profile

ARISE TECHNOLOGIES CORPORATION

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