BRIEF-ARISE Technologies gives Q2 business update

May 31 (Reuters) - ARISE Technologies Corp:

* Provides business update

* Says seeking to complete public offering of units of up to $10 million

* Says debt to Commerzbank in Germany has been reduced by $5.6 million to $28.0

million as of May 28th

* Says talks continue with several potential partners for silicon division

* Expects to select one of the options before the end of third quarter 2010

((Bangalore Equities Newsroom; [phone]; within U.S. [phone]))

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