ARISE to Merge with Intercedent Ventures

August 14, 2002 [] ARISE Technologies Corporation of Kitchener, Ontario has signed a letter of intent to merge with Intercedent Ventures Ltd. (IVL), a Capital Pool Company. This transaction will provide ARISE with additional funding upon completion, which is expected to close in October-November 2002. ARISE is continuing with its initial public offering (IPO) and views this transaction as a complimentary financing strategy.
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