LAS VEGAS, Aug. 9, 2010 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR) is pleased to announce that the Company's subsidiary, MetaPower Canada, Ltd., has received an additional purchase order of $948,759 CAD to develop Process Safety Information (PSI) Packages for a Canadian Energy Company's facility in the Oil Sands Region of Northern Alberta, Canada. This work will be conducted between August 2010 and February 2011.
MetaPower Canada, Ltd. received the purchase order to extend its Process Safety Information Project to an extraction plant. The PSI Project has been underway since the fall of 2007 and is expected to continue through the fall of 2013.
"This Purchase Order extends our Process Safety Information project to three more of our client's facilities. In these projects we are inspecting the piping and equipment to record its current configuration and then reviewing the technical documents to ensure they reflect these conditions. Knowing this information is very important to ensure that the facility can be operated in a safe manner. We have been very successful in developing a cost effective approach to collecting this data and the client continues to show confidence in our ability to manage these projects. We were expecting this purchase order and we believe it shows that the client values our approach to these services. Continuing this work keeps MetaPower on track to meet our performance objectives for this year," stated Ken Allen, President of MetaPower International, Inc.
About MetaPower International, Inc.:
MetaPower International, Inc. is a technology and services firm originally founded in 1996 that provides information technology and change management services to hazardous process industries. This link between technology and services is critical to manage the changes necessary to successfully compete in the current environment. In today's world, business operations must be streamlined to meet the challenges of these turbulent economic times.
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.