LAS VEGAS, July 16, 2008 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) is pleased to announce that the Company's subsidiary, MetaPower Canada, has received purchase orders totaling (CAD) $1,900,000. MetaPower Canada received the additional order to begin the next phase of the process safety management project that began this past winter.
MetaPower Canada will begin to collect data at an additional plant for its client in the Alberta Oil Sands region of Canada. The Company is using the project to develop and demonstrate the methods needed to collect plant safety data using its UCoDA software. As a direct result of the Company's business process consulting services, the Company previously received a purchase order exceeding (CAD) $1,000, 000 to begin the pilot project.
"We are very pleased that the client has demonstrated its confidence in our approach to this project and extended the offer to another plant. MetaPower Canada's approach has been able to deliver these services in approximately half the time and with twenty percent less manpower than used by our competitors on comparable projects. This demonstrates MetaPower's commitment to providing innovative high value services at a truly competitive cost," stated Ken Allen, President 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.
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.