...In Filing Of Third Quarter Interim Financials

Monday, 14 Nov 2011

ARISE Technologies Corporation announced that it will be delayed in the filing of its third quarter interim financial statements and related management discussion and analysis (MD&A) for the three and nine month periods ended September 30, 2011 beyond the filing deadline of November 15, 2011. The Company is in the process of completing its third quarter interim financial statements and MD&A (Q3 financials) and expects to release these on or before December 15. The Company also intends to satisfy the alternative information guidelines in Section 4.4 of National Policy 12-203. Due to material events that have occurred subsequent to the quarter end including the structured insolvency proceedings at the Company's German subsidiaries and related creditor issues, the decision has been made to defer reporting of Q3 financials until such time as there is sufficient data available upon which to base a fair determination of the Company's assets for purposes of completing the Q3 financials.

http://uk.reuters.com/business/quotes/APV.TO/key-developments/article/2434110