LAS VEGAS, Nov. 21, 2008 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR) is pleased to announce that the Company will be featured in an interview later today on www.ceonews.tv. MetaPower International will discuss of the Company's third quarter of financial filings during the interview. The Company reported earnings per share of $0.09 cents ending October 31, 2008. The EPS is calculated using the earnings (EBITDA) divided by the issued common shares of MTPR on October 31, 2008.
MetaPower International recently posted its revenue for the third quarter, which was $2,057,446, an increase of 88% over the same period in 2007 which saw gross revenue of $ 1,091,836. The Company's profits for the third quarter were $319,057, an increase of 104% over third quarter 2007 profits of $155,941. MetaPower International is on track to meet its 2008 primary goal of reaching $6 million in revenues by year end after already posting revenue of over $5.5 million in the first three quarters. In addition, the Company expects to exceed its net profit goal of $1 million. The Third quarter marked the seventh consecutive quarter of growth in revenue for MetaPower International.
"We are excited to use ceonews.tv as a medium to communicate with our loyal shareholders. Our revenue for this past quarter has helped to push us near our goal of $6 million in revenue for this year and we look to far exceed our profit goal of $1 million," 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.
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.