LAS VEGAS, Sept. 18, 2007 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) is pleased to announce that the Company's subsidiaries, MetaPower, Inc. and MetaPower Canada, have invoiced $367,128 in consolidated sales for the month of August, 2007. This represents an increase of 27% over July sales of $290,203.
"Year to date sales for MetaPower International are $2,054,236. These numbers are on track to make our sales forecast of $3 million for 2007. Our August sales numbers reflect an annualized sales rate of $4.4 million which is significantly above our forecasted sales for 2007. We are pleased with the continued sales growth and expect similar results for the rest of the year," stated Ken Allen, CEO of MetaPower International, Inc.
MetaPower International, Inc. recently announced that the Company has released its financial results for the second quarter of fiscal year 2007, ending June 31, 2007. MetaPower generated $916,197 in revenue for the second quarter, an increase of 313% as compared to the $221,913 in revenue for the second quarter of 2006.
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 involve 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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