ARISE Announces Closing of Drawdown from Committed Equity Facility of $250,000 and Issues Notice of Additional Drawdown

Press Release Source: ARISE Technologies Corporation On Tuesday August 2, 2011, 6:40 pm EDT

WATERLOO, ON, Aug. 2, 2011 /CNW/ - ARISE Technologies Corporation (TSX: APV) and (Frankfurt: A3T), a leader in high-performance, high-quality, cost-effective solar technology, today announced that the Company completed the thirteenth drawdown in the amount of $250,000 from its previously announced Committed Equity Facility Agreement with Haverstock Master Fund ("Haverstock").

Under the terms of the Agreement, to complete the $250,000 drawdown, ARISE issued 3,372,005 common shares to Haverstock at an average price of $0.074 per share.

In addition, the Company today announced that it has issued a drawdown notice in respect of an additional drawdown of $200,000. Closing of the drawdown is scheduled to be completed on or about August 10, 2011.

The facility agreement, the base shelf prospectus, the prospectus supplement, and the pricing supplements are available on SEDAR at www.sedar.com and on ARISE's website at www.arisetech.com. This news release does not constitute an offer to sell ARISE securities or the solicitation of an offer to buy ARISE securities, nor is there to be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About Haverstock
Haverstock is an institutional investor with an investment objective to seek capital appreciation through the general strategy of investing in public securities of U.S. and non-U.S. companies, through direct equity purchases from such companies. The portfolio manager of Haverstock, David Ratzker, has structured more than US$300 million worth of private equity investments in publicly traded corporations in a variety of sectors including energy, cleantech, telecommunications, consumer, and education.

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