12.02.04

12.2.2004: Meldung: Arise Technologies Preliminary 4th Quarter Results

ARISE Technologies Corporation, an emerging leader in the rapidly growing North American solar energy industry, today reported unaudited year-end preliminary financial results for 2003. These results are subject to change, as complete and fully audited financial statements will be released in March 2004.
Revenues for the fourth quarter increased by 109% to C$447,012 compared to C$213,967 in the fourth quarter of 2002. Fourth quarter gross profits increased by 83% to C$116,388 compared to C$63,648 in Q4 2002. Net loss for Q4 2003 was C$351,455 or a loss of C$0.04 per share compared to C$339,508 and for a loss of C$0.04 per share in Q4 2002.
For the full year ended December 31, 2003, revenues increased by 83% to C$2,193,741 compared to C$1,199,987 in 2002. Gross profits increased by 56% to C$445,832 compared to C$285,291 in 2002. Net loss for 2003 was C$1,196,807 for a loss of C$0.14 per share compared to C$1,035,128 for a loss of C$0.15 per share in 2002.
R&D expenses for 2003 increased by C$202,586 to C$321,392, compared to C$118,806 in 2002. R&D expenses included C$86,668 in Q4 2003 and C$149,167 for the full year towards developing the Company"s proprietary thin film photovoltaic technology at the University of Toronto.
"The fact that ARISE"s revenues increased by 83% in 2003 is a testament to our commitment to be a leader in the Canadian solar energy industry and fully serve the needs of our network of solar energy dealers," stated Ian MacLellan, President of ARISE.
ARISE, dedicated to accelerating the use of solar energy in mainstream North American markets, has a value added distribution network of over 150 solar energy dealers across Canada. ARISE is also commercializing proprietary solar energy components including a patented thin-film solar cell technology that is being developed at the University of Toronto.

Contact:
Investor Relations
Tina Cameron, Renmark Financial Communications
Tel: 514-939-3989 x.328
Email: tcameron@renmarkfinancial.com
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