MetaPower International, Inc. Receives Second Australian Patent for UCoDA Business Process Management Technology

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MetaPower International, Inc. Increases Q2 2009 Revenue by 28 Percent Over Q2 2008

LAS VEGAS, Sept. 24, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR - News) is pleased to announce that the Company has posted its unaudited Financial Report for the second quarter of 2009 on Pinksheets.com. MetaPower International's revenues for the quarter ending June 30, 2009 were $2,178,345, an increase of 28% over Q2 2008 which were $1,700,029. Q2 2009 Revenues were essentially flat compared to Q1 2009 revenues of $2,160,701. Year to date revenues were $4,339,046. The Company's earnings (EBITDA) for Q1 2009 were $223,835. This was 12% less than Q2 2008 earnings and a 9.5% increase over Q1 2009 earnings of $204,355. MetaPower International has been able to maintain their revenues in the second quarter despite the troubled economic times. The Presidents message accompanying the report outlines MetaPower's first quarter results and discusses the measures the Company has taken to maintain its oil sand business, decrease expenses, and increase cash reserves. Mr. Allen also addresses UCoDA 4.0 development as well as the status for its VPP product. "We have been able to successfully weather the economic storm so far. We have received new business for our clients which reflect how they value our services. While our renewed contracts have lower margins the increased business and aggressive cost control have allowed us to maintain our performance consistent with our plans. We have received contracts sufficient to maintain the current performance through the end of the year and we are...
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MetaPower International, Inc. Increases Q1 2009 Revenue by 67 Percent as Compared to Q1 2008 as Stated On Pinksheets.com

LAS VEGAS, July 8, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR - News) is pleased to announce that the Company has posted its unaudited Financial Report for the first quarter of 2009 on Pinksheets.com. MetaPower International's revenues for the quarter ending March 31, 2009 were $2,160,701, an increase of 67% over Q1 2008 which were $1,296,859. This result was a 22% increase over Q4 2008 revenues of $1,774,968. The Company's earnings (EBITDA) for Q1 2009 were $204,200. This was 3% less than the $209,519 earnings (EBITDA) in Q1 2008 before the economic downturn. This was an increase of $209,131 over Q4 2008 earnings (EBITDA) when the Company lost $4,931 after writing down $252,000 in old receivables. MetaPower International continued to increase their revenues in the first quarter despite the decline in the price of oil and the strength of the Canadian dollar. The President's message accompanying the report outlines MetaPower's first quarter results, as well as the measures the Company has taken to maintain its oil sand business, decrease expenses, and increase cash reserves. Mr. Allen also addresses UCoDA 4.0 development as well as the status of its VPP product. "It looks like we have been able to successfully weather the economic storm. We have received positive feedback that the clients value our services and we have been cooperating in renegotiating our contracts to reflect the new market conditions. While the Canadian Dollar has returned to something closer to historic norms, it is si...
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MetaPower International, Inc. Receives Australian Patent for UCoDA Business Process Management Technology

LAS VEGAS, June 16, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR - News) announced today that its wholly owned subsidiary MetaPower Inc, has been notified that its application for an Australian patent to cover its UCoDA technology has been granted under Australia Patent No. 2001270179. The Company currently holds UCoDA Technology patents in the United States and Taiwan. Patents are still pending in Europe, China and Canada. "The patent covers a distinctive data architecture based on a unique set of business objects. We have used this architecture to develop the UCoDA Business Process Management Technology. UCoDA is a 5th generation application development platform for non-IT professionals to develop enterprise strength business process applications such as Compliance Management and Corrective Action Management. We are now working on UCoDA 4.0 which includes an enhanced user interface and a business process application to develop and maintain business process applications. We are very excited about this technology and its ability to revolutionize the way enterprise applications are developed, managed and maintained," stated John Prouty, Vice President, Product Development, 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 neces...
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MetaPower International, Inc. Signs Settlement Agreement With Big Apple Consulting USA

LAS VEGAS, June 4, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR - News) announced today that it has executed a settlement agreement with Big Apple Consulting USA that runs through January 2010. Under the terms of the agreement, MetaPower International will continue to receive Investor Relations and Promotion Services until January 2010 and Big Apple has agreed to retire its shares of the Series A Convertible Preferred Stock previously issued to it by MetaPower International and forgo conversion. Big Apple will be compensated for its services over the next 10 months using MetaPower International common stock. "We are very glad to get this agreement in place. We have been working hard with the Big Apple folks to figure out what makes sense for both organizations and all our stakeholders. Since the agreement includes a confidentially clause, I can't go into detail, but I will say that I think this agreement provides a positive structure going forward and meets the needs of all our stakeholders," 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 a...
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MetaPower International, Inc. Receives $2,554,168 Purchase Order for Business Process Management Project

LAS VEGAS, May 13, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR - News) is pleased to announce that the Company received a Purchase Order for $2,554,168 in continuing funding for its Business Process Management Project with a Major Canadian Energy Company's facility in the oil sands region of Alberta Canada. The BPM Project is systematically redesigning key business processes to improve facility operations and manage costs. The Projects includes the development of an UCoDA Application to Manage Business Processes. UCoDA is the Company's proprietary business process management tool. The Project is presently scheduled to run through 2012. This purchase order is expected to fund the BPM Project through May, 2010 at which time another continuing purchase order is expected. "We are very pleased that the client is making this commitment to Business Process Management. We have been able to show the value of using well designed and implemented process to improve facility availability and productivity and our clients have made this commitment. The UCoDA Business Process Management Application is a major breakthrough in how to manage the white collar work effort in these facilities. It will allow our clients to manage their business processes with the same rigor they apply to the physical processes." said Ken Allen, President, MetaPower International Inc. About MetaPower International, Inc.: MetaPower International, Inc. is a technology firm founded in 1996 that provides information technolo...
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MetaPower International, Inc. Increases Consolidated Booked Sales 21 Percent for March of 2009 Over March 2008

LAS VEGAS, May 7, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR - News) is pleased to announce that the Company increased its Consolidated Booked Sales for March 2009 by 21% over March 2008. The Company recorded Consolidated Booked Sales of $699,615 in March 2009. This was an increase of $317,423 over the March 2008 Consolidated Booked Sales. Additionally, the Company collected $770,176 in March consolidated revenues as compared to consolidated revenues of $452,723 for March 2007. This was a 70% increase in collections and reflects MetaPower International's now 100% ownership of MetaPower Canada Ltd. 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. "Our business continues to be strong. We believe we have weathered the worst of the financial storm and expect that we will be able to continue to grow the business. We have been working closely with our clients to ensure they recognize the value MetaPower brings and ensure that our costs are competitive. We now have indications that this message is appreciated by the client. 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, P...
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MetaPower International, Inc. Increases Consolidated Booked Sales 21 Percent for March of 2009 Over March 2008

LAS VEGAS, May 7, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPR - News) is pleased to announce that the Company increased its Consolidated Booked Sales for March 2009 by 21% over March 2008. The Company recorded Consolidated Booked Sales of $699,615 in March 2009. This was an increase of $317,423 over the March 2008 Consolidated Booked Sales. Additionally, the Company collected $770,176 in March consolidated revenues as compared to consolidated revenues of $452,723 for March 2007. This was a 70% increase in collections and reflects MetaPower International's now 100% ownership of MetaPower Canada Ltd. 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. "Our business continues to be strong. We believe we have weathered the worst of the financial storm and expect that we will be able to continue to grow the business. We have been working closely with our clients to ensure they recognize the value MetaPower brings and ensure that our costs are competitive. We now have indications that this message is appreciated by the client. 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, Pr...
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MetaPower International, Inc. Increases Consolidated Booked Sales 54 Percent First Two Months of 2009 Over the Same Period in 2008

LAS VEGAS, April 7, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Other OTC:MTPR.PK - News) 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 st...
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MetaPower International, Inc. Receives $950,000 Purchase Order for Process Safety Information Project

LAS VEGAS, March 31, 2009 (GLOBE NEWSWIRE) -- MetaPower International, Inc. (Other OTC:MTPR.PK - News) 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, ...
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