LAS VEGAS, April 10, 2008 (PRIME NEWSWIRE) -- MetaPower International, Inc. (Pink Sheets:MTPW) is pleased to announce that the Company is featured in Larry Oakley's "Comment" column this morning on WallStreetCorner.com. Mr. Allen was interviewed to get the latest updates on where MetaPower International, Inc. currently stands in the market place. To read Mr. Oakley's comments in full, please visit: http://www.wallstreetcorner.com/daily.html.
Mr. Allen answered questions regarding the Company's process safety consulting and the implementation of a pilot program for procedures in hazardous process industries in Alberta's Oil Sands region. Mr. Oakley commented on the need for MetaPower to provide its services to hazardous process plants, a very large market for the Company since over 33,000 of these plants exist in the U.S. alone. Mr. Allen also touched upon MetaPower International's profitability and ability to hit its current goal of $6 million in revenue, with $1 million in profits after taxes, having recently increased its ownership of MetaPower Canada, Ltd. From 50% to 75%.
"My opinion (regarding the MetaPower common stock) is three-fold: Its appreciation potential has substantially increased since I last interviewed Mr.Allen; at its present price, it is extremely undervalued; and, it is financially stable - it has the capital to implement its expansion plans and is meeting and exceeding its projections, and delivering on those plans," commented Larry Oakley.
"We feel fortunate to have Mr. Oakley give a great opinion of our Company. We are excited to see how our hard work has grown the Company over the past 12 to 18 months and look forward to continuing that growth," stated Ken Allen, President of 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 and operational excellence are to be achieved.
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.