LAS VEGAS, May 7, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR) is pleased to announce that the Company increased its Consolidated Booked Sales for March 2009 by 21% over March 2008. The Company recorded Consolidated Booked Sales of $699,615 in March 2009. This was an increase of $317,423 over the March 2008 Consolidated Booked Sales. Additionally, the Company collected $770,176 in March consolidated revenues as compared to consolidated revenues of $452,723 for March 2007. This was a 70% increase in collections and reflects MetaPower International's now 100% ownership of MetaPower Canada Ltd.
MetaPower International generates monthly revenue from its consulting services and its UCoDA Business Process Management technology maintenance fees. The Company continues to be engaged in a significant project to assist a major Canadian Energy Company improve the operation of their Oil Sands Facility.
"Our business continues to be strong. We believe we have weathered the worst of the financial storm and expect that we will be able to continue to grow the business. We have been working closely with our clients to ensure they recognize the value MetaPower brings and ensure that our costs are competitive. We now have indications that this message is appreciated by the client. We expect the oil sands business to remain strong, although we do expect significant erosion in our margins due to our efforts to maintain our competitive position and the weakening of the Canadian Dollar" said Ken Allen, President, 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 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.