LAS VEGAS, Feb. 14, 2008 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) is pleased to announce that the Company's CEO, Mr. Ken Allen, was featured in an interview on WallSt.net. Mr. Allen provided information on the Company's day-to-day operations involving information technology & change management services to hazardous process industries. He also overviewed the previous year's financial totals, projecting an even larger year in 2008 for MetaPower International.
During the interview, Mr. Allen gave a brief outlook of 2008, projecting $6,000,000 in revenue by year end, beating last year's revenues by $3,000,000. Recognizing a very strong 2007 as a foundation for the Company to build from, Mr. Allen tied MetaPower's success to the Oil Sands industry in northern Alberta, Canada. MetaPower currently has contracts in the Oil Sands industry extending over the next two years to operate MetaPower's process safety management software package which is built on MetaPower's proprietary UCoDA technology. He also stated the Company looks to expand its client base in the next two years, with particular emphasis on the over 30,000 hazardous plants that exist in the process industry in the U.S. alone.
"I believe WallSt.net is an outstanding resource to provide the investment community with updates pertaining to MetaPower International. We believe the Company will execute its goals in 2008 raising market and shareholder value," stated Ken Allen, CEO of MetaPower International, Inc.
To see the text of the interview, go to http://www.wallst.net/audio/audio.asp?ticker=MTPW&id=4474
MetaPower recently announced that the Company has amended its preferred exchange program to allow for greater shareholder participation. To participate, current shareholders must have their shares into MetaPower International, Inc. by March 15, 2008 in order to qualify for the exchange of common shares to convertible preferred shares. Shareholders are required to turn in a minimum of 500,000 shares in order to qualify. For the complete terms and conditions of the stock buyback program, please visit the Company's Web site: http://www.metapower.com.
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 involve 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.