LAS VEGAS, April 17, 2008 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) is pleased to announce that the Company increased its revenue by 94 percent for February 2008, during which MetaPower generated revenues of $502,797, as compared to $258,576 in January 2008. MetaPower also increased its revenue by over 162 percent for February 2008, as compared to February 2007.
MetaPower International generates revenue from monthly invoices for its consulting services and annual UCoDA maintenance fees. The Company is currently on track to meet its goal of $6 million in revenue for 2008, including a net profit of $1,000,000. MetaPower has licensed its UCoDA Business Process Management Tool for use on projects with clients such as Wolf Creek Nuclear Generating Station, and a major Canadian Oil Sands Energy company.
"This increase in revenue demonstrates the growing value of the business at our Canadian Subsidiary .and validates the increase of our, ownership share in MetaPower Canada from 50% to 75%. We continue to be very optimistic about of Company goals for this year," stated Ken Allen, CEO of MetaPower International, Inc.
MetaPower International, Inc. previously announced that the Company was featured in Larry Oakley's "Comment" column on WallStreetCorner.com on April 10, 2008. Mr. Allen was interviewed to get the latest updates on where MetaPower International, Inc. currently stands in the market place. To read Mr. Oakley's comments in full, please visit: http://www.wallstreetcorner.com/daily.html.
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.
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.