LAS VEGAS, Sept. 17, 2008 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR) is pleased to announce that the Company increased its July 2008 Consolidated Revenues by 92% over July 2007 Consolidated Revenue. Specifically, the Company generated $558,285 of Revenue for July 2008, as compared to the July 2007 Revenues of $268,084. The Company's collections for the month of July 2008 also increased more than 17% over July 2007, collecting over $657,319 compared to the July 2007's total of $560,461.
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.
"July 2008 was a very strong month for MetaPower International as we continue to grow and improve out consulting and data collection services. We are still very much on track to meet our goals set forth at the beginning of the year and believe we are well on our way to improving our position in the financial market," stated Ken Allen, CEO 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.