LAS VEGAS, June 23, 2008 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) is pleased to announce that the Company increased its May 2008 revenues by 58% over the same period in 2007. MetaPower International generated $550,862 in booked sales for May 2008, an increase of $201,423 over May 2007.
MetaPower International generates revenue from monthly installments of 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 Wolf Creek Nuclear Generating Station and a major Canadian Oil Sands energy company.
The combination of MetaPower's software and consulting services provides a comprehensive management system for companies of all types and sizes, improving safety and worker production. The effectiveness of its services has resulted in continuing client loyalty and license renewals, and a consistent increase in new customers.
"We have seen a continuous increase in our revenues over the first several months of 2008, and foresee a continuation of this trend based on current contracts and renewals. We have remained consistent with our business plan and are taking the necessary steps to facilitate upcoming advances in our UCoDA module and consulting services," stated Ken Allen, CEO of MetaPower International, Inc.
MetaPower recently announced that it has been selected to institute and staff a business process management function for one of its clients at a major oil refining facility in the Oil Sands Region of Northern Alberta, Canada. The new management model is a step beyond previous improvements, establishing new management practices for possible use in additional refining facilities. Once established, MetaPower expects to market the management model to other potential clients.
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.