10:02 EST Monday, November 12, 2007

WATERLOO, ON, Nov. 12 /CNW/ - ARISE Technologies Corporation (TSX-V: APV) (ADAX: A3T), today reported third quarter results for the three months ended September 30, 2007 (all figures in Canadian dollars and Canadian GAAP).

Revenue for the third quarter of fiscal 2007 was $355,611, up 17% from $305,014 in the previous quarter and up 75% from $203,205 in the same quarter of last year. The revenue relates solely to commercial and residential PV system sales and installations.

"ARISE's third quarter results were in line with expectations," said Ian MacLellan, President and Chief Executive Officer. "The growth is driven by the introduction of the Ontario Renewable Energy Standard Offer Program in 2006. We are pleased with our position in the Ontario market today and we expect that our early successes in signing Letters of Intent for solar park PV systems in Ontario will continue and extend our business momentum. Additionally, we are excited with the progress and results in our solar grade silicon program and our activities in Germany continue to be on schedule. We expect initial production at our solar cell manufacturing plant to begin in the second quarter of 2008." the rest is at

http://www.globeinvestor.com/servlet...

QQ