May 11 (Reuters) - Arise Technologies Corp:
* Closes bridge loan and provides update on commerzbank ag discussions
* Says trust agreement with commerzbank expired on April 29, 2011
* Commerzbank agreed to extend standstill agreement to June 30
* Commerzbank agreed to extend standstill agreement as co reduced working
capital credit line to EUR 8.6 million
* Co and commerzbank continue discussions to reach a longer term agreement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Closes bridge loan and provides update on commerzbank ag discussions
* Says trust agreement with commerzbank expired on April 29, 2011
* Commerzbank agreed to extend standstill agreement to June 30
* Commerzbank agreed to extend standstill agreement as co reduced working
capital credit line to EUR 8.6 million
* Co and commerzbank continue discussions to reach a longer term agreement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2011 AFX News
