LAS VEGAS, March 31, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR) is pleased to announce that during January, the Company received a Purchase Order for $950,000 in continuing funding for its Process Safety Information (PSI) Project with a Major Canadian Energy Company's facility in the oil sands region of Alberta, Canada. The PSI Project systematically collects and validates information about the plant systems so that it can be made available to plant operators. The Project is presently scheduled to run through 2012. The $950,000 purchase order is expected to fund the project through May 2009, at which time another continuing purchase order is expected.
"We are encouraged that the client is continuing to make this commitment to Process Safety. In this tough business climate short term financial considerations might suggest the client scale back this project. We believe this makes a very significant statement about our client's commitment to safety, the long term financial and human benefits of this project, and their belief in the value that MetaPower provides," 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.