Solar Company Aims for IPO

December 5, 2002 [] Intercedent Ventures Ltd. announced that it has signed a Definitive Agreement with ARISE Technologies Corporation. ARISE is an energy technology company located in Kitchener, Ontario, dedicated to accelerating the use of solar energy in mainstream markets. ARISE has been conditionally approved to list on the Exchange subject to raising a minimum of CAN$1,200,000 in its initial public offering. Additionally, effective January 1, 2003, Brian Smith will join the ARISE Board of Directors and will become the new Chair.


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