LAS VEGAS, April 7, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR) is pleased to announce that the Company has increased its Consolidated Booked Sales for the first two months of 2009 by 54% over the same period in 2008. The Company Booked Consolidated Sales of $795,150 in January and $683,723 in February for a total of $1,488,723 for the period. This was an increase of $523,178 over the same period in 2008. Additionally, the company collected $453, 295 in January consolidated receivables and $582,749 in February consolidated receivables making total consolidated collections of $1,036,044 for the period. These numbers reflect MetaPower International's 100% ownership of MetaPower Canada Ltd, following the purchase by MetaPower International of the remaining 25% of MetaPower Canada held by a third party, which purchase occurred in January 2009.
MetaPower International generates monthly revenue from its consulting services and its UCoDA Business Process Management technology maintenance fees. The Company continues to be engaged in a significant project to assist a major Canadian Energy Company improve the operation of their Oil Sands Facility.
"These are very good numbers for us. Other businesses operating on the oil sands have been dramatically curtailed due to the economic crisis and the fall in oil prices. We have been working closely with our clients to ensure they recognize the value MetaPower brings and ensure that our costs are competitive. We expect the oil sands business to remain strong, although we do expect significant erosion in our margins due to our efforts to maintain our competitive position and the weakening of the Canadian Dollar," said Ken Allen, President, 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.