LAS VEGAS, Aug. 28, 2007 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) announced today that the Company's subsidiary, MetaPower Canada, will license its UCoDA Business Process Management Tool for use on its projects with a major Oil Sands Energy Company. The projects will generate $445,000 in additional revenue for MetaPower International, Inc.
MetaPower Canada will use the UCoDA platform to develop an application to manage the collection and updating of facility data for the client's facility in Northern Alberta. MetaPower, Inc. will provide the technical resources to configure the application into the UCoDA architecture. The license fee is $75,000 and MetaPower Inc.'s application configuration services are estimated to be valued at over $370,000.
"Data collection requirements and the work procedures are constantly changing throughout the life of these types of projects. They require the capability for low cost, rapid application development cycles that only the UCoDA software can deliver. This is an important part of protecting the client's multi-million dollar investment in upgrading the facilities data," stated Ken Allen, President of MetaPower International, Inc.
MetaPower International, Inc. recently announced that the Company has received $493,395 in consolidated sales from MetaPower, Inc. and MetaPower Canada. MetaPower International, Inc. booked the consolidated sales over the months of May, June and July of 2007.
About MetaPower:
MetaPower, International, Inc. is a technology firm founded in 1996 that provides information technology and change management services to hazardous process industries. This link between technology and services is critical to enable the changes necessary to successfully compete in the current environment. In today's competitive world, business operations must be streamlined if new levels of performance and operational excellence are to be achieved.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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