LAS VEGAS, Jan. 8, 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 CDN$1,300,000 to provide Process Safety Management consulting services for a Canadian Energy Company with operations in the Oil Sands region of Northern Alberta.
MetaPower Canada received two purchase orders, totaling CDN$605,000 to provide business process consulting services to redesign the clients Management of Change Process and their Incident Learning and Prevention Process. MetaPower Canada had previously conducted an assessment of the Clients ability to comply with standard industry Process Safety Management practices. MetaPower Canada received a third purchase order for $725,000 to provide sustainment services to audit and monitor the processes and ensure that they continue to perform as designed.
MetaPower Canada has been working contracts that have provided billings of approximately US$5,100,000 from March through November 2007 with a major Canadian Energy company. MetaPower Canada has provided Management Consulting and Staffing support for their oil extraction facilities in the Oil Sands region of Northern Alberta. Approximately US$2,451,000 was billed for Management Consulting Services with another $1,936,000 billed for Staffing Support. The remaining billings represent reimbursed expenses.
"This is an important scope of work for MetaPower. Process Safety Management is our targeted product area and we have the opportunity to develop our expertise in the Process Safety area while we deliver high value process consulting services," 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.
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.