http://finance.yahoo.com/news/ARISE-Announces-Review-cnw-1635853926.html?x=0&.v=1

Press Release Source: ARISE Technologies Corporation On Monday August 8, 2011, 9:00 am

Hires Canaccord Genuity Corp. as Financial Advisor

WATERLOO, ON, Aug. 8, 2011 /CNW/ - ARISE Technologies Corporation ("ARISE" or "the Company') (Toronto:APV.TO) (Frankfurt: A3T), a leader in high-performance, high-quality, cost-effective solar technology, today announced that its Board of Directors has commenced a review of strategic alternatives with the objective of enhancing stakeholder value. ARISE has hired Canaccord Genuity Corporation ("Canaccord Genuity") to assist in the strategic review and act as a financial advisor to ARISE.

"We are pleased to be working with Canaccord Genuity to help us in evaluating a full range of opportunities and options. While we are currently engaged in discussions with a number of parties regarding strategic options, Canaccord Genuity's advice will assist us to rigorously review all possible options in order to determine the best way to maximize stakeholder value going forward. We selected Canaccord Genuity because of their deep experience and strong track record in the area of strategic evaluations," said Dan Shea, President and CEO of ARISE.

ARISE will continue with all of its planned business activities throughout the strategic alternatives review process. ARISE does not intend to disclose developments with respect to the strategic review process until its Board of Directors has approved any specific course of action. There can be no assurance that a review of strategic alternatives will result in any transaction or strategic initiative.

About Canaccord Genuity Corporation
Canaccord Genuity is the global capital markets division of Canaccord Financial Inc (CF: TSX | CF.: AIM), offering institutional and corporate clients idea-driven investment banking, merger and acquisition, research, sales and trading services from 16 offices worldwide. Our team of over 400 capital markets professionals have industry and transactional expertise in critical sectors of the global economy.

About ARISE Technologies
ARISE Technologies Corporation, based in Waterloo, Ontario, is a leader in high-performance, cost-effective solar technology. The company operates through three divisions. The PV Cell Division manufactures PV (photovoltaic) cells at its first manufacturing plant opened in April 2008 in Bischofswerda, Germany. The division is developing proprietary technology with a target of achieving a step-by-step progression to a high-efficiency level of greater than 20%. The PV Silicon Division is using a proprietary method to produce silicon at 7N+ high-purity (99.99999% purity) for PV cell applications, based on a simplified chemical vapor deposition process. The division is focusing on scaling up its process to provide ARISE with control over its supply, costs, and quality. The PV Systems Division has been providing rooftop and ground-mounted PV solutions since 1996. ARISE is planning to expand its systems business in Ontario under the Ontario FIT (Feed-In Tariff) program.