LAS VEGAS, Aug. 22, 2007 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) is pleased to announce 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.
In May of this year, MetaPower received $54,000 from Wolf Creek Nuclear Operating Corporation for annual maintenance fees for the Company's UCoDA software. In July, 2007, MetaPower, Inc. and MetaPower Canada invoiced sales for an estimated $293,202, which will be collected by the Company over the next few months.
"These revenues reflect MetaPower's business development efforts and put us on track with our business plan. We are forecasting earnings of $200,000 on revenues of $2,000,000 for calendar year 2007, and the consolidated sales are on track for this performance," 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 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 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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