LAS VEGAS, May 15, 2007 (PRIME NEWSWIRE) -- Soy Environmental Products, Inc. (Pink Sheets:SYVR) announced today that the Company's subsidiary, MetaPower Canada, has signed two contracts with a combined value of $3.75 million US with a major Canadian oil sands company. MetaPower Canada will provide Project Management and Management Staffing support for their oil extraction facilities in the oil sands region of Northern Alberta.
The Management and Staffing Support contract is valued at $2.25 million US and provides Management and Maintenance Planning Staff for the company's oil sands refinery. The Project Management contract is valued at $1.5 million US. These contracts commit MetaPower Canada to support the company through the end of 2007. The projects include an assessment of the client's Process Safety Management Program and includes the development of recommendations to improve the overall program.
MetaPower Canada's client has grown to become a major North American energy producer and marketer with a team of more than 5,500 employees. Near Fort McMurray, Alberta, Canada, the company extracts and upgrades oil sands into high-quality refinery-ready crude oil products and diesel fuel.
"We are very pleased with this recent development for MetaPower Canada. This is continuing to be a breakthrough year for the Company and we look forward to working with other companies in Canada," stated Ken Allen, President of Soy Environmental Products, Inc.
About MetaPower:
MetaPower, Inc., a technology firm founded in 1996, provides information technology and change management services to hazardous process industries. This link between technology and services is critical to make 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.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.