LAS VEGAS, May 6, 2008 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) is pleased to announce that the Company has increased its revenue by 200 percent for March 2008, generating $236,082, as compared to March 2007, in which MetaPower generated $78,023. In addition, the Company booked $284,013 in accounts receivables for the month of March 2008. MetaPower International generates revenue from monthly installments for its consulting services and UCoDA maintenance fees.
MetaPower has licensed its UCoDA Business Process Management Tool for use on projects with clients such as Wolf Creek Nuclear Generating Station, Actuate Corporation and a major Canadian Oil Sands Energy company. MetaPower International's majority-owned subsidiary, MetaPower Canada, generated $524,977 in revenue for March 2008. Recently, MetaPower Canada received a $4,000,000 purchase order from a major Canadian Energy Company doing business in the Oil Sands region of Northern Alberta, Canada.
"We have had an outstanding first quarter of 2008, generating above expected totals in revenue. With the major purchase orders we have been receiving, we feel confident that we are on target to hit our biggest goal of 2008, which is to generate at least $1,000,000 in net profit," stated Ken Allen, CEO of MetaPower International, Inc.
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.