LAS VEGAS, July 23, 2008 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) is pleased to announce that the Company increased its June 2008 Consolidated Booked Sales by 69% over the prior year. The Company generated $551,186 for June 2008, an increase of $225,594 versus June 2007. MetaPower International generates monthly revenue from its consulting services and its UCoDA Business Process Management module maintenance fees. The Company has licensed its UCoDA module for use on projects with clients such as the Yucca Mountain Nuclear Spent Fuels Repository in Las Vegas, and the Wolf Creek Nuclear Generating Station in Burlington, Kansas, among others.
UCoDA is a fully-functional, Web-based business process engine that manages applications in the heavy process industries. This program has the capability to implement, track and improve virtually any business process, and support performance management such as events, assessments and observations. It can also be used for design management, including design changes and actions, meetings, discussions or evaluation, and it can assist with time keeping and work orders and actions.
"During the first half of 2008, we have seen a steady increase in our revenues and I feel very strongly that we are on course to reach our goal of generating approximately $1 million in net profit by the end of the year. We continue to improve our management systems and are committed to creating the best overall management systems available," stated Ken Allen, CEO of MetaPower International, Inc.
MetaPower Canada, the subsidiary company of MetaPower International, recently 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. The Company is using the project to develop and demonstrate the methods needed to collect plant safety data using its UCoDA software.
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.