Press Release Source: ARISE Technologies Corporation On Monday October 17, 2011, 7:24 am EDT

WATERLOO, ON, Oct. 17, 2011 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), ("ARISE" or "the Company") announced that it has been directed to pay to Scheuten Solar, the amount of Euro 920,066, which includes interest and costs. This decision is as a result of an arbitration hearing which was concluded last week in Germany related to its dispute with Scheuten Solar regarding the lease of the Technology Centre in Gelsenkirchen, Germany .

ARISE is disappointed with the arbitration decision and is reviewing the arbiter's findings with a view to explore its options. The Company continues to work with its financial advisor, Canaccord Genuity, to evaluate strategic alternatives.

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