MetaPower International, Inc.'s Officers, Board of Directors and Affiliated Persons to Participate in Stock Exchange Program


LAS VEGAS, Jan. 24, 2008 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) (the "Company" or "MetaPower International") is pleased to announce that the Company's Board of Directors have authorized the Company's officers, directors, employees and other affiliated and related persons to take part in the previously announced preferred share exchange program. MetaPower International, Inc. is offering, in exchange for currently outstanding shares of its common stock, new shares of its convertible preferred stock and a warrant to purchase the Company's common stock. In particular, the terms of the offer are that for every 100 shares of common stock offered back to the Company, shareholders will receive one share of convertible preferred stock valued at $1.00 for future conversion purposes and a warrant to purchase one share of the Company's common stock with an exercise price of $.05 per share.

In order to participate in the exchange of common shares to preferred stock and warrants, shareholders must deliver a certificate for their shares of common stock to MetaPower International, Inc. by March 15, 2008. For the complete terms and conditions of the preferred stock exchange program, please visit the Company's Web site at www.metapower.com and view the Information Statement that provides additional details.

Along with the preferred exchange program, MetaPower International is continuing with the previously announced buyback of up to 28 million shares of the Company's common stock.

"We are very pleased that our Board of Directors have elected to authorize the Company's officers, directors, employees and affiliated and related persons to participate in the current preferred share exchange program. We believe that both the preferred stock exchange and the common stock buyback program are in the best interest of our Company as we expect 2008 to be another great year for MetaPower International's customers, shareholders and employees," stated Ken Allen, President of MetaPower International, Inc.

The Company recently announced it generated estimated revenues of $3,500,000 and a net profit of $400,000 in 2007. MetaPower International originally forecasted an expectation of $2,000,000 in revenues and a net profit of $200,000. The third quarter of 2007 saw continued growth with revenues of $1,091,836, a 557% increase over the same period for 2006 and a 15.6% increase over Q2 of 2007.

About MetaPower International, Inc.:

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.

This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events. To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.



            

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