ARISE Provides Update on Commerzbank Discussions

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ARISE Provides Update on Commerzbank Discussions

posted on Jun 30, 2011 06:58PM

Press Release Source: ARISE Technologies Corporation On Thursday June 30, 2011, 5:11 pm EDT

WATERLOO, ON, June 30, 2011 /CNW/ - ARISE Technologies Corporation (TSX: APV and Frankfurt: A3T), which is a leader in high-performance, high-quality, cost-effective solar technology, today provided an update on its discussions with its German lender, Commerzbank AG ("Commerzbank"), regarding an extension of the Company's standstill agreement with the bank, which expired on June 30, 2011.

"We continue to have productive discussions with Commerzbank regarding an extension of our standstill agreement with the bank," said Dan Shea, President and CEO of ARISE. "I am pleased with the tone and direction of these conversations and remain confident that we will be in a position to provide a further update to our shareholders within the next two weeks."

http://finance.yahoo.com/news/ARISE-Provides-Update-cnw-311708126.html?x=0&.v=1

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