...Initiated by Toronto Stock Exchange

Press Release Source: ARISE Technologies Corporation On Friday October 21, 2011, 9:20 am EDT

WATERLOO, ON, Oct. 21, 2011 /CNW/ - ARISE Technologies Corporation ("ARISE" or "the Company") (TSX: APV and Frankfurt: A3T), today announced that the Toronto Stock Exchange (the "TSX") has informed ARISE that it has commenced a remedial review process with respect to the continued listing of its securities on the TSX. The Company understands that this process was inititated based on the recent voluntary insolvency proceeding commenced with respect to the Company's German subsidiary, ARISE Technologies Deutschland GmbH, and is standard procedure in situations of this nature.

The TSX's notice to the Company requires that ARISE demonstrate to the satisfaction of the TSX by November 21, 2011 , that it meets the continued listing requirements of TSX, failing which the Company's securities may be delisted on December 21, 2011 .

The Company continues to negotiate pursuant to its previously announced letter of intent regarding a business combination and completion of the previously announced bridge financing. ARISE expects that assuming completion of the business combination, it will satisfy the TSX's continuing listing requirements and that during the review process its securities will continue to trade in the ordinary course over the TSX.

ARISE's Canadian operations are currently not affected by the review process. The Company will continue to provide regular updates to its shareholders on both the progress of the TSX review process and the Company's negotiations in relation to the proposed business combination.

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