LAS VEGAS, June 21, 2007 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) announced today that the Company is planning to post its unaudited financial reports for the fiscal year end 2006 before the end of the second quarter of this year. This information will represent the performance of MetaPower LLC, which was acquired by MetaPower International's predecessor company in April of 2007. Some of the customers MetaPower LLC was working with in 2006 include United Space Alliance and Wolf Creek Nuclear Operating Company.
In 2006, the Company focused its attention on developing Version 3.0 of its UCoDA Business Process Management Engine. UCoDA is a patented Business Process Management Technology designed to optimize the deployment of business processes. UCoDA Version 3.0 is the culmination of three years of work and the first time that the Company has been able to address the architecture of the software from top to bottom. The upgrade is based on the Company's clients' need to manage more complex business processes. The incorporation of this capability required the Company to rethink the way business objects were specified in the UCoDA Work Bench and ultimately the way they were handled in the UCoDA Client and the UCoDA Engine.
"The numbers will reflect MetaPower's development of Version 3.0 of the UCoDA product and delivering an application to a major client in 2006. UCoDA Version 3.0 is a major asset and is a primary reason we acquired the Company. UCoDA is a major break through in Business Process Management Technology and we expect to leverage it so MetaPower International becomes a major player in this marketplace," stated Ken Allen, CEO of MetaPower International, Inc.
About MetaPower International, Inc.:
MetaPower International, 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.
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